Office Unit with Rear
893 Gator Ln., Murrells Inlet, SC 29576
For Sale
$355,000
COMMERCIAL/INDUSTRIAL, Murrells Inlet, SC
Property Size850 SF
Lot Size0.30 Acres
Price / SF$417.65
Days on Market48
Property Features for 893 Gator Ln.
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Building Details
Floors in Building
Number of units
Listing Agency:
Keller Williams Innovate South · Keller Williams Realty
(843) 443-9400
Listed By:
Randy Wallace · License #30014
(843) 455-7200
Added: Sep 23
Changed: Sep 30
Last Checked: Nov 9 at 10:06AM
MLS# 2623535
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 850-square-foot office unit is configured for immediate commercial use, with a reception area, conference room, two offices, two bathrooms, and a kitchen area. The rear garage provides additional workspace or storage, while a floored storage area extends above the entire heated and cooled office section and is accessed by stairs from the garage.
The property occupies 0.3 acres at 893 Gator Ln. in Murrells Inlet, with access to Hwy 17 Bypass and a Commercial zoning designation. The existing layout supports office operations that also require enclosed rear storage or garage space. The interior may be used in its current configuration or updated with new carpet and paint.
The property occupies 0.3 acres at 893 Gator Ln. in Murrells Inlet, with access to Hwy 17 Bypass and a Commercial zoning designation. The existing layout supports office operations that also require enclosed rear storage or garage space. The interior may be used in its current configuration or updated with new carpet and paint.
Key Highlights
- 850 SF office unit on 0.3 acres
- Built‑out layout with reception area, conference room, two offices, two bathrooms, and kitchen area
- Rear garage with floored storage above the entire heated and cooled office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,907
Cap Rate
3.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,140
$218.1K
Cap Rate 7%
$155,814
$155.8K
Cap Rate 9%
$121,189
$121.2K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$16.5K $19.44/SF
− Vacancy
−$942 −$1.11/SF
EGI
$15.6K $18.33/SF
− OpEx
−$4.7K −$5.50/SF
NOI
$10.9K $12.83/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,140
Cap Rate 7%
$155,814
Cap Rate 9%
$121,189
Alternative Uses
Best Use
Industrial
$155.8K
$136.3K – $181.8K
NOI $10,907 @ 7.0% cap · market cap 3.07%
Second Best
Office B
$148.6K
$130.1K – $173.4K
NOI $10,404 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
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Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Horry County, SC
Properties on Market for Office Units in Horry County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercially zoned space combines a built-out office layout with rear storage capacity.
Where is this office unit located?
The property is located at 893 Gator Ln. Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 850 SF office unit on 0.3 acres; Built‑out layout with reception area, conference room, two offices, two bathrooms, and kitchen area; Rear garage with floored storage above the entire heated and cooled office area
