Retail Flex Building with Gun
For Sale
$1,200,000
9881 Ocean Hwy, Pawleys Island, SC 29585
Retail, office, and fortified flex gun range space with ADA-compliant bathrooms and dedicated climate control.
Property Size4,873 SF
Price / SF$246.25
Days on Market218
Property Features for 9881 Ocean Hwy
General Information
Standard status
Active
Size
4,873 SF
Listing Agency:
Tradd Commercial
(843) 839-9777
Listed By:
Adam Hall · License ##134696
(803) 316-5040
Source:
Exprealty
Added: Mar 19
Changed: Oct 16
Last Checked: Oct 21 at 12:34AM
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 Tradd Commercial
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Investment Insights
Based on property information with market context.
9881 Ocean Highway is a 4,873-square-foot retail/flex building that combines approximately 3,000 square feet of retail and office space with 2,000 square feet of flex space currently operated as a firearms retailer and shooting range. The building is configured with a 1,000-square-foot showroom, three offices, a conference room, storage closet, ADA-compliant bathrooms, and an additional full bathroom and full kitchen.
The gun range is a fortified structure within the building and includes its own climate control system. This flex space can be retrofitted to accommodate multiple users, while the overall design supports both office and retail use.
The property offers 66 feet of frontage on Highway 17 and prominent monument signage. It is located in Georgetown County under General Commercial zoning, which allows a broad range of commercial uses.
The gun range is a fortified structure within the building and includes its own climate control system. This flex space can be retrofitted to accommodate multiple users, while the overall design supports both office and retail use.
The property offers 66 feet of frontage on Highway 17 and prominent monument signage. It is located in Georgetown County under General Commercial zoning, which allows a broad range of commercial uses.
Key Highlights
- 4,873 SF retail/flex building in Pawleys Island, SC, currently operating as a firearms retailer and shooting range
- Approximately 3,000 SF includes retail and office space: 1,000 SF showroom, three offices, conference room, and storage
- Includes ADA‑compliant bathrooms plus a full bathroom and full kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,330
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,600
$1.2M
Cap Rate 7%
$833,286
$833.3K
Cap Rate 9%
$648,111
$648.1K
Market Conditions
NOI Build-Up for 4,873 SF
Gross rent
$87.7K $18.00/SF
− Vacancy
−$4.4K −$0.90/SF
EGI
$83.3K $17.10/SF
− OpEx
−$25.0K −$5.13/SF
NOI
$58.3K $11.97/SF
Area
Georgetown County, SC
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,600
Cap Rate 7%
$833,286
Cap Rate 9%
$648,111
Alternative Uses
Best Use
Retail
$833.3K
$729.1K – $972.2K
NOI $58,330 @ 7.0% cap · market cap 4.86%
Second Best
Flex RnD
$665.8K
$582.6K – $776.8K
NOI $46,609 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,562 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29585, SC
16,574
Population
12,061
Households
1.4
Avg Household Size
60
Median Age
50%
College-Educated
96%
High-School Grad
61.8 sq mi
ZIP Area
268
Density / Sq Mi
$83,077
Median Household Income
$42,237
Median Earnings
$1,599
Median Rent
$423,700
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
- Debra G's Catering — 13089, 113 Willbrook Blvd A, Pawleys Island, SC 29585
Frequently Asked Questions
What type of property is this?
Flex space - Retail, office, and fortified flex gun range space with ADA-compliant bathrooms and dedicated climate control.
Where is this flex space located?
The property is located at 9881 Ocean Hwy Pawleys Island, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4,873 SF retail/flex building in Pawleys Island, SC, currently operating as a firearms retailer and shooting range; Approximately 3,000 SF includes retail and office space: 1,000 SF showroom, three offices, conference room, and storage; Includes ADA‑compliant bathrooms plus a full bathroom and full kitchen
