Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Denny Dr Pawleys Island, SC 29585

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Ten 1-acre parcels, prime development potential.

    Property Features for 0 Denny Dr

    General Information

    Property type
    Farms
    Lot Size
    392,040 SF

    We can help!

    Listing Contact
    Chris Marek
    Chris Marek

    Listing Agency: Marek Property Advisors Listing Agent: Chris Marek

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 9-acre property in Pawleys Island, South Carolina, presents a unique investment opportunity. Comprised of ten approximately one-acre parcels, this land offers significant development potential. All parcels are zoned R-1, allowing for residential construction. A key advantage is the potential for commercial rezoning of the corner lot situated near Highway 17. Convenient access to utilities is a significant benefit
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.1435645
    Latitude
    33.4638918

    Nearby Similar for Sale

    • $399,000
      8,058 SF

      Established Restaurant on High-Traffic Corridor

      Turn-key restaurant opportunity in Pawleys Island, South Carolina.
      14361 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      500 SF

      Pawleys Island Industrial Flex Space

      Flex space with office, warehouse, and mezzanine storage.
      1102 - B Martin Luther King Rd, Pawleys Island, SC 29585
      View Details
    • New
      $1,450,000

      Elegant Duplex in Gated Community

      Luxurious duplex in Litchfield Plantation, near beaches and golf.
      371 Tuckers Rd, Pawleys Island, SC 29585
      View Details
    • $850,000
      2,425 SF

      Pawleys Island Office For Sale

      Office space available in Pawleys Island, South Carolina.
      56 Business Center Dr, Pawleys Island, SC 29585
      View Details
    • $2,400,000
      4,075 SF

      Pawleys Island Retail Opportunity

      Retail building with drive-thru and patio in Pawleys Island.
      11359 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing

      Oceanfront Villa Interval Ownership

      Four-bedroom villa with four weeks of annual oceanfront access.
      701 Norris Dr, Pawleys Island, SC 29585
      View Details
    • New
      $674,900

      New Duplex in Pawleys Island

      New construction duplex with flexible layouts near beaches and amenities.
      Tbd A & B Bobo Ln, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      1,425 SF

      Furnished Villa Overlooking Golf Course

      Move-in ready villa with golf course views in gated community.
      357 Golden Bear Dr, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      1,100 SF

      Pawleys Island Condo with Wooded View

      Charming 2-bedroom condo near the beach with community pool.
      157 Egret Run Ln, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      1,442 SF

      Renovated Townhome with Marsh Views

      Three-bedroom townhome featuring marsh views, updated kitchen, and community pool.
      306 Salt Marsh Cir, Pawleys Island, SC 29585
      View Details

    FAQs

    What type of property is this?
    Farm - Ten 1-acre parcels, prime development potential.
    Where is this farm located?
    The property is located at Denny Dr Pawleys Island, SC.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: 9-acre development site in Pawleys Island, SC, comprised of ten 1-acre parcels.; R-1 residential zoning on all parcels.; Corner lot with potential for commercial rezoning near Highway 17.
    (843) 936-1116 Call to check price and availability
    Request Owner's contact information
    Denny Dr Pawleys Island, SC 29585
    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.
    Denny Dr
    Pawleys Island, SC 29585
    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
    Denny Dr Pawleys Island, SC 29585
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Marek
    Chris Marek
    Real Estate License ID: 101869
    (843) 936-1116
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!