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

    College Park Rd. lot 1 & 2, Conway, SC 29527

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $225,000

    COMMERCIAL - Conway, SC

    Lot size:
    1.40 Acres
    Added:
    Nov 19, 2025
    Days on Market:
    184
    Last Refresh:
    May 22 at 4:06 am

    Property Features for College Park Rd. lot 1 & 2

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COMM PROF
    Standard status
    Active Under Contract
    Lot size
    1.40 Acres

    We can help!

    Listing Contact
    Michael King

    Listing agent Michael King License #16395

    Listing office KingOne Properties Myrtle Beach, SC

    Listing date Nov 19, 2025

    MLS# 2527856

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 200 feet of frontage on Hwy 501
    • 1.35 acre lot
    • Suitable for professional office
    • Suitable for Dr's office
    • Suitable for art studio
    • Plenty of space for parking

    Overview

    This commercial property, located in Conway, SC, consists of 1.35 acres of land. It features 200 feet of frontage on Highway 501, offering potential for various professional uses. The property is zoned COMM PROF and is suitable for a professional office, doctor's office, or art studio. The lot provides ample space to construct a modern building with sufficient parking.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.1183
    Latitude
    33.736

    Nearby Similar for Sale

    • $2,500,000
      6,215 SF

      Conway Convenience Store with Expansion Potential

      Established convenience store on 1.25 acres with growth opportunities.
      965 Bucksport Rd., Conway, SC 29527
      View Details
    • $3,000,000
      3,104 SF

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 W Highway 501, Conway, SC 29526
      View Details
    • $3,000,000

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 W Highway 501, Conway, SC 29526
      View Details
    • $600,000
      1,800 SF

      Conway Land with Metal Building

      4 acres with metal building, Highway 90, Conway, SC.
      5043 Old Highway 90, Conway, SC 29526
      View Details
    • $3,000,000
      21,098 SF

      Riverfront Inn Hospitality Investment

      45-room hotel in Conway, SC near Myrtle Beach.
      1004 Waccamaw Dr., Conway, SC 29526
      View Details
    • $740,000
      1,184 SF

      Turn Key Hospitality Building

      Hospitality building in historic district with high foot traffic.
      337 Main St., Conway, SC 29526
      View Details
    • $795,000
      7,100 SF

      Mixed-Use Investment Opportunity, Conway SC

      Mixed-use property with office, warehouse, and residential components.
      981 Fox Hollow Dr., Conway, SC 29526
      View Details
    • $199,900
      2,000 SF

      Conway Commercial Space For Sale

      Commercial building in Conway, SC, suitable for restaurant or retail.
      1806 Racepath Ave., Conway, SC 29527
      View Details
    • $158,000

      Conway Land Opportunity

      3.43 acres in Conway, SC, 40 minutes to the beach.
      2876 Timrod Rd., Conway, SC 29527
      View Details
    • $65,000

      Spacious Lot in Conway, SC

      1.8 acre lot suitable for building a new home.
      Beth Drive, Conway, SC 29527
      View Details
    • $359,900
      1,400 SF

      Ready-to-Build Private Conway Acreage

      6.18-acre property with cleared land, steel building, and utilities.
      2230 Pee Dee Hwy., Conway, SC 29527
      View Details
    • $149,900

      Pond-Front Lot in Wild Wing

      Build-ready 0.23-acre lot in amenity-rich Wild Wing Plantation.
      1867 Wood Stork Dr., Conway, SC 29526
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.35 acre commercial land with 200 feet on Hwy 501.
    Where is this commercial land located?
    The property is located at College Park Rd. lot 1 & 2 Conway, SC.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 200 feet of frontage on Hwy 501; 1.35 acre lot; Suitable for professional office
    (843) 455-2323
    We can help!
    Listing Contact
    Michael King
    Real Estate License ID: 16395
    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
    College Park Rd. lot: 1 & 2, Conway, SC 29527
    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!