Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highway 501 Commercial Land Parcels Title is generated by Realmo AI

    2702 US-501, Conway, SC 29526

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Commercial land parcels available on high-traffic Highway 501.

    Type:Land
    Added:
    Mar 18, 2021
    Days on Market:
    1905
    Last Refresh:
    May 12 at 8:52 pm

    Property Features for 2702 US-501

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 2702 US-501 Contact us

    We can help!

    Listing Contact
    Rox Pollard, Jr.

    Listing agent Rox Pollard, Jr. License #SC 23144

    Listing office Colliers - Columbia, South Carolina

    Listing date Mar 18, 2021

    Source Crexi

    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 Colliers - Columbia, South Carolina

    HighLights

    • High traffic count: ±54,300 vehicles per day (VPD) on Hwy 501.
    • Excellent visibility from Hwy 501.
    • Convenient access to Myrtle Beach population.
    • Located on Hwy 501, the primary access route to Myrtle Beach.
    • Situated between Conway and Myrtle Beach.
    • Multiple parcels available ranging from ±1.27 acres to ±11.05 acres.

    Overview

    The Maynard Hamilton property is located on Highway 501 between Conway and Myrtle Beach, northwest of the Walmart Supercenter at Highway 501 and Myrtle Ridge Drive. The site benefits from high visibility and convenient access to Myrtle Beach. Highway 501 serves as the primary access route for visitors coming to Myrtle Beach, with a traffic count of approximately 54,300 vehicles per day. Available parcels include Parcel #2, approximately 1.27 acres; Parcel #3, approximately 1.62 acres; Parcel #6, approximately 1.42 acres; Parcel #7, approximately 1.41 acres; Parcel #8, approximately 11.05 acres; and Parcel #9, approximately 2.32 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0551
    Latitude
    33.8748

    Nearby Similar for Lease

    • $3,200/Mo
      2,000 SF

      Conway Commercial Land with Warehouse

      1.25 acre commercial land with office and warehouse space.
      4182 Tilly Swamp Rd., Conway, SC 29526
      View Details
    • $650/Mo
      800 SF

      Highway 501 Retail Space

      Retail space for lease on high-traffic Highway 501.
      1203 Highway 501, Conway, SC 29526
      View Details
    • $7 SF/Yr
      5,000 SF

      Versatile Commercial Space with Kitchen

      5000 SF commercial space with kitchen facility for rent.
      7297 Highway 905, Conway, SC 29526
      View Details
    • $18 SF/Yr
      7,000 SF

      Downtown Conway Professional Office Space

      Professional office space in Downtown Conway, available in 2025.
      1312 2nd Avenue, Conway, SC 29577
      View Details
    • $16 SF/Yr
      3,560 SF

      Downtown Conway Office Space

      Turn-key office space near government offices and downtown amenities.
      205 Beaty Street, Conway, SC 29526
      View Details
    • $120,000 SF/Yr
      12,000 SF

      Versatile Commercial Property in Conway

      Commercial property suitable for entertainment, event space, fitness, or retail.
      2961 Highway 501 W, Conway, SC 29526
      View Details
    • $13,696/Mo
      1,675 SF

      Warehouse Under Construction, Conway, SC

      Warehouse under construction with heavy industrial zoning, delivery in 2026.
      155 E Cox Ferry Dr., Conway, SC 29526
      View Details
    • $12 SF/Yr
      35,000 SF

      Office-Warehouse Flex Park

      Office-warehouse flex units available for lease in early 2026.
      5321 Highway 90, Conway, SC 29526
      View Details
    • $8 SF/Yr
      26,195 SF

      Industrial Space in Atlantic Center

      Industrial space for lease in established business park.
      370 Allied Drive, Conway, SC 29526
      View Details
    • $7,000/Mo
      12,000 SF

      Conway Warehouse and Office Space

      Warehouse and office space available for lease in Conway.
      1603 16th Ave, Conway, SC
      View Details
    • $2,400/Mo

      Office/Retail Space on Mill Pond

      Highly visible office/retail space with flexible layout and ample parking.
      1706 Mill Pond Rd, Conway, SC, 29527-4745
      View Details
    • $75,000 SF/Yr

      Ground Lease Corner Development Site

      Highly visible corner site with utilities and detention in Conway’s retail corridor, supported by major QSR development nearby.
      2195 Church Street, Conway, SC 29526
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land parcels available on high-traffic Highway 501.
    Where is this commercial land located?
    The property is located at 2702 US-501 Conway, SC.
    What are key features of this property?
    This property features: High traffic count: ±54,300 vehicles per day (VPD) on Hwy 501.; Excellent visibility from Hwy 501.; Convenient access to Myrtle Beach population.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rox Pollard, Jr.
    Real Estate License ID: SC 23144
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2702 US-501, Conway, SC 29526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!