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    Property profile & analytics

    4312 Woodrow Shelley Dr Little River, SC 29566

    • Self storage facilities
    • 179,467 SF
    • 4.12 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1820379
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Self storage facilities

    Property Details for 4312 Woodrow Shelley Dr

    Year built
    2002
    Lot size
    4.12 lot acres
    Property size
    179,467 SF
    Property type
    Self storage facilities

    Description

    This exceptional 4.12-acre commercial property, located at 4312 Woodrow Shelley Drive, Little River, SC 29566, presents a unique investment opportunity on the South Carolina-North Carolina state line. The property consists of two adjacent parcels, totaling 179,467 square feet, and is zoned for commercial use, offering flexible development options. Currently featuring four buildings constructed in 2002, the property boasts high visibility from Highway 17 and Highway 179, ensuring excellent exposure to a large volume of traffic. The site benefits from its strategic location near major cities including North Myrtle Beach, Myrtle Beach, Charlotte, NC, and Spartanburg, SC, providing access to a broad customer base across two states. The property is currently subject to a ground lease expiring April 14, 2025. All essential utilities are readily available. This location is experiencing significant economic growth, making it an ideal investment for retail, office, hospitality, or light industrial development. The property's versatility and prime location make it an outstanding investment with exceptional long-term return potential. The sale includes two units.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Little River
    County
    Horry
    State
    South Carolina
    Longitude
    -78.5935782
    Latitude
    33.8950129

    Comparable in this City

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    Similar Nearby for Sale

    • $1,295,000
      1.44 Acres

      Commercial Property on Highway 17

      Over an acre commercial property with frontage on Highway 17.
      1479/1471 Highway 17, Little River, SC 29566
      View Details
    • $224,900

      Top-Floor Condo Near the Beach

      3-bedroom, 2-bathroom condo in Little River, minutes from the beach.
      134 Scotch Broom Dr. #K, Little River, SC 29566
      View Details
    • $169,900

      Updated Condo Near Cherry Grove

      Turnkey, furnished 2 bed/2 bath condo near Cherry Grove Beach.
      1095 W Plantation Dr, Little River, SC 29566
      View Details
    • $355,000
      1,345 SF

      Coquina Harbour Condo with Boat Slip

      Coastal condo with private boat slip in desirable Coquina Harbour.
      4390 Bimini Ct, Little River, SC 29566
      View Details
    • $399,000

      Little River Acreage with Apartment

      Updated home with garage, apartment, and investment potential.
      1304 Oscar Rd, Little River, SC 29566
      View Details
    • $308,000
      1,187 SF

      Remodeled Condo in Gated Community

      Remodeled 3-bedroom, 2-bath condo in a gated waterway community.
      4519 N Plantation Harbour Dr, Little River, SC 29566
      View Details

    Similar Nearby for Lease

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    • $2,000 /Mo
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    • Contact for pricing
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      Little River Medical & Commercial Space

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      Little River Retail Building For Sale

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    • $54,000
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      Little River Commercial Land Lease

      High-traffic corner lot, ground lease opportunity.
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    Little River, SC 29566
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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