Office-Built Flex
For Sale
$355,000
893 Gator Ln. #Unit A, Murrells Inlet, SC 29576
A finished office layout is paired with a rear garage and floored storage above the office area.
Property Size850 SF
Price / SF$417.65
Days on Market31
Property Features for 893 Gator Ln. #Unit A
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial
Zoning
Commercial
Property Condition
Severity
Repairs Needed
Evidence
easily upgraded with new carpet and paint
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Amenities
conference room
kitchen area
Building Details
Building Size
850 SF
Stories
1
Units
1
Listing Agency:
Keller Williams Innovate South
Listed By:
Randy Wallace · License #30014
(843) 443-9400
Source:
Gabrielfinancial
Added: Sep 23
Changed: Oct 23
Last Checked: Oct 23 at 4:41PM
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 Keller Williams Innovate South
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Investment Insights
Based on property information with market context.
Unit A is an 850-square-foot flex space configured with a reception area, conference room, two private offices, two bathrooms, and a kitchen. A garage at the rear provides additional storage, with floored space above the heated and cooled office section, reached by stairs from the garage. The interior can be occupied in its current configuration or updated with new carpet and paint.
The property is at 893 Gator Lane in Murrells Inlet, within the commercial area along the Hwy 17 Bypass. Its combination of office rooms, garage space, and overhead storage supports a range of commercial functions requiring both finished workspace and storage capacity.
The property is at 893 Gator Lane in Murrells Inlet, within the commercial area along the Hwy 17 Bypass. Its combination of office rooms, garage space, and overhead storage supports a range of commercial functions requiring both finished workspace and storage capacity.
Key Highlights
- 850‑square‑foot flex space
- Reception area, conference room, two offices, two bathrooms, and kitchen
- Rear garage with stairs to floored storage above the office area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,245
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,900
$264.9K
Cap Rate 7%
$189,214
$189.2K
Cap Rate 9%
$147,167
$147.2K
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
−$2.3K −$2.75/SF
NOI
$13.2K $15.58/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,900
Cap Rate 7%
$189,214
Cap Rate 9%
$147,167
Alternative Uses
Best Use
Warehouse
$189.2K
$165.6K – $220.8K
NOI $13,245 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$155.8K
$136.3K – $181.8K
NOI $10,907 @ 7.0% cap · market cap 3.07%
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
758
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Campbell Catering Company — 4079 US-17 BUS, Murrells Inlet, SC 29576
- Lowcountry Bites — Commercial Kitchen by appointment only, 513 Courtfield Dr, Murrells Inlet, SC 29576
Frequently Asked Questions
What type of property is this?
Flex space - A finished office layout is paired with a rear garage and floored storage above the office area.
Where is this flex space located?
The property is located at 893 Gator Ln. #Unit A 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‑square‑foot flex space; Reception area, conference room, two offices, two bathrooms, and kitchen; Rear garage with stairs to floored storage above the office area
