Mixed-Use Property with
For Sale
$795,000
Pending
981 Fox Hollow Rd, Conway, SC 29526
Combined commercial and residential improvements include warehouse, office, retail, and apartment space under HC zoning.
Property Size5,000 SF
Lot Size0.96 Acres
Days on Market174
Property Features for 981 Fox Hollow Rd
General Information
Standard status
Pending
Size
5,000 SF
Total Parking Spaces
10
Lot size
0.96 Acres
Zoning
HC
Warehouse & Industrial
Dock-High Doors
1
Voltage
220 V
Additional Details
Highway Access
Yes
Amenities
loading dock
central heat & air
220-volt power
Building Details
Building Size
5,000 SF
Tenancy
Multi
Listing Agency:
Own Myrtle Real Estate
(516) 233-0601
Listed By:
Ester Esti Simantov
(516) 233-0601
Source:
Exprealty
Added: Mar 11
Changed: Aug 30
Last Checked: Aug 30 at 6:48PM
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 Own Myrtle Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a three-bay warehouse with office and retail suites and a two-bedroom, one-bath apartment. The 0.96-acre site is zoned HC (Highway Commercial) and includes a loading dock, approximately 10 parking spaces, central heat and air, and 220-volt power. A separate warehouse area, vape shop, limousine company, and residential unit are identified as tenant occupants.
The property is located at 981 Fox Hollow Rd in Conway, South Carolina, just off Highway 544. Food Lion Shopping Center is nearby, and Coastal Carolina University is a short drive away. The site is reported to be outside a flood zone.
The property is located at 981 Fox Hollow Rd in Conway, South Carolina, just off Highway 544. Food Lion Shopping Center is nearby, and Coastal Carolina University is a short drive away. The site is reported to be outside a flood zone.
Key Highlights
- Three‑bay warehouse with office and retail suites
- Two‑bedroom, one‑bath apartment included
- 0.96‑acre HC (Highway Commercial) site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,479
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,580
$929.6K
Cap Rate 7%
$663,986
$664.0K
Cap Rate 9%
$516,433
$516.4K
Market Conditions
NOI Build-Up for 7,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$75.8K $10.68/SF
− Vacancy
−$4.3K −$0.61/SF
EGI
$71.5K $10.07/SF
− OpEx
−$25.0K −$3.52/SF
NOI
$46.5K $6.55/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$929,580
Cap Rate 7%
$663,986
Cap Rate 9%
$516,433
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,633 @ 7.0% cap · market cap 13.92%
Second Best
Retail
$1.48M
$1.29M – $1.73M
NOI $103,505 @ 7.0% cap · market cap 13.02%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,960 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 29526, SC
51,403
Population
20,301
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
294
Density / Sq Mi
$66,490
Median Household Income
$28,341
Median Earnings
$943
Median Rent
$232,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential improvements include warehouse, office, retail, and apartment space under HC zoning.
Where is this mixed-use property located?
The property is located at 981 Fox Hollow Rd Conway, SC.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Three‑bay warehouse with office and retail suites; Two‑bedroom, one‑bath apartment included; 0.96‑acre HC (Highway Commercial) site
