Freestanding Flex Warehouse
864 Kingswood Dr Conway, SC 29526
For Sale
$942,500
Freestanding flex building with reception/office/showroom area, unconditioned warehouse, and a rear metal storage building.
Property Size6,050 SF
Price / SF$155.79
Days on Market17
Property Features for 864 Kingswood Dr
General Information
Standard status
Active
Size
6,050 SF
Listing Agency:
CB Sea Coast Commercial
(843) 455-0216
Listed By:
Drew Parks · License #22382
(843) 455-0216
Source:
Exprealty
Added: Jul 13
Changed: Jul 28
Last Checked: Jul 29 at 1:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Sea Coast Commercial
Investment Insights
Based on property information with market context.
A freestanding flex building totaling approximately 6,050 SF, featuring about 2,975 SF of conditioned space that includes reception, office/showroom areas, three restrooms, and a kitchenette/break room. The layout also includes an upstairs storage/office area. The remaining approximately 3,075 SF is an unconditioned warehouse with 15' eaves and two 12x12 overhead doors.
The property includes a separate 1,250 SF metal storage building located at the rear of the site. Positioned off Hwy 544 in Conway on Kingswood Dr just off Hwy 544, the site benefits from an Average Daily Traffic count of 37,300 on Hwy 544. It is located near Coastal Carolina University (2.8 miles), Conway Medical Center (3.3 miles), and Horry Georgetown Technical College (3.8 miles).
The property includes a separate 1,250 SF metal storage building located at the rear of the site. Positioned off Hwy 544 in Conway on Kingswood Dr just off Hwy 544, the site benefits from an Average Daily Traffic count of 37,300 on Hwy 544. It is located near Coastal Carolina University (2.8 miles), Conway Medical Center (3.3 miles), and Horry Georgetown Technical College (3.8 miles).
Key Highlights
- 6,050 SF freestanding flex building off Hwy 544 in Conway near SC‑31 (Carolina Bays Pkwy) and Coastal Carolina University
- Approx. 2,975 SF conditioned reception/office/showroom with 3 restrooms, kitchenette/break room, and upstairs storage/office area
- Approx. 3,075 SF unconditioned warehouse with 15' eaves and two 12x12 overhead doors
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.6k | $19.44 |
| − Vacancy | −$6.7k | −$1.11 |
| EGI | $110.9k | $18.33 |
| − OpEx | −$33.3k | −$5.50 |
| NOI | $77.6k | $12.83 |
6,050 SF · lease $19.44/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,272 @ 7.0% cap · market cap 10.00%
Second Best
Retail
$1.26M
$1.10M – $1.47M
NOI $88,198 @ 7.0% cap · market cap 9.36%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,332 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex building with reception/office/showroom area, unconditioned warehouse, and a rear metal storage building.
Where is this flex space located?
The property is located at 864 Kingswood Dr Conway, SC.
What is the asking price?
The asking price for this property is $942,500.
What are key features of this property?
This property features: 6,050 SF freestanding flex building off Hwy 544 in Conway near SC‑31 (Carolina Bays Pkwy) and Coastal Carolina University; Approx. 2,975 SF conditioned reception/office/showroom with 3 restrooms, kitchenette/break room, and upstairs storage/office area; Approx. 3,075 SF unconditioned warehouse with 15' eaves and two 12x12 overhead doors
