Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    422 Commerce Park Dr Conway, SC 29526
    Back to Search
    Property profile & analytics

    422 Commerce Park Dr, Conway, SC 29526

    View on Map
    • Warehouses
    • 100,490 SF
    • 9.88 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 422 Commerce Park Dr

    Year built
    2024
    Lot size
    9.88 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 100,490-square-foot Class A industrial building, situated in the Ascott Valley Industrial Park in Conway, South Carolina, presents a remarkable opportunity for businesses seeking a modern and efficient facility. Completed in 2024, this single-story structure boasts a 32'6" ceiling height, providing ample vertical space for various operational needs. The building features four loading docks equipped with four dock-high doors, ensuring seamless logistics and efficient material handling. A single drive-in door further enhances accessibility. The property sits on a generous 9.88 acres, offering significant expansion potential, with the possibility to increase the building size to 153,360 square feet. Currently, the entire 100,490 square feet is available for lease. The building is equipped with 1600 amps of power. The location in the Myrtle Beach submarket of Conway, SC (zip code 29526, address 422 Commerce Pk Dr) provides excellent access to major transportation routes and a skilled workforce. Parking is available and will be tailored to suit the tenant's specific requirements. This is a rare opportunity to secure a state-of-the-art industrial space in a thriving South Carolina location. The building's tilt-up concrete construction ensures durability and longevity. This property is ideal for manufacturing, warehouse, and distribution operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0111
    Latitude
    33.9464

    Comparable in this City

    • Value Estimation by Request
      150,000 SF

      370 Allied Dr

      Manufacturing properties
      370 Allied Dr, Conway, SC 29526
      View Details
    • Value Estimation by Request

      1291 Us-501 Bus

      Churches & religious facilities
      1291 Us-501 Bus, Conway, SC 29526
      View Details
    • Value Estimation by Request

      603 16Th Ave

      Distribution properties
      603 16Th Ave, Conway, SC 29526
      View Details
    • Value Estimation by Request
      12,000 SF

      212 Bohemia Ct

      Distribution properties
      212 Bohemia Ct, Conway, SC 29526
      View Details
    • Value Estimation
      $515,000
      7,200 SF

      1500 3rd Ave

      WAREHOUSE, STORAGE
      1500 3rd Ave, Conway, SC 29526-5014
      View Details
    • Value Estimation by Request
      2,436 SF

      3195 Hwy 501

      WAREHOUSE, STORAGE
      3195 Hwy 501, Conway, SC 29526-4458
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      Free-Standing Industrial Building For Sale

      20,000 SF industrial building on 2.0 acres, built in 2008.
      6201 Highway 701 N, Conway, SC 29526
      View Details
    • Contact for pricing
      11,800 SF

      Conway Warehouse/Industrial Facility For Sale

      Flexible warehouse/industrial facility on 2.16 acres in Conway, SC.
      3669 Highway 701 N, Conway, SC 29526
      View Details
    • $2,100,000
      1,000 SF

      Commercial Property with Yard Facility

      4.84 acre commercial property with leased building and yard.
      1809 Highway 544, Conway, SC 29526
      View Details
    • Contact for pricing
      1,000 SF

      Highway 544 Yard and Office

      4.84 acre yard with office space for trucking companies.
      1809 Highway 544, Conway, SC 29526
      View Details
    • Contact for pricing
      0.57 Acres

      Residential Lot in Conway, SC

      Undeveloped residential lot in Conway, South Carolina.
      314 Cypress Flat Ct, Conway, SC 29526
      View Details
    • $3,000,000
      1.13 Acres

      High-Visibility Commercial Asset on Highway

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

    Similar Nearby for Lease

    • $0.14 SF/Yr
      150,000 SF

      Conway Industrial Warehouse Space

      Multiple suites, 15K+ SF available
      370 Allied Dr, Conway, SC 29526
      View Details
    • $8 SF/Yr

      Industrial Space in Atlantic Center

      Industrial space for lease in established business park.
      370 Allied Dr, Conway, SC 29526
      View Details
    • Contact for pricing
      12,000 SF

      Conway Warehouse and Office Space

      Warehouse and office space available for lease in Conway.
      1603 16Th Ave, Conway, SC 29526
      View Details
    • Contact for pricing

      Warehouse Space with Cranes Available

      Office/warehouse space with cranes and lay down yard for lease.
      370 Century Cir, Conway, SC 29526
      View Details
    • Contact for pricing
      20,000 SF

      Manufacturing/Storage Space for Lease

      Manufacturing and storage space available with loading dock access.
      2951 Highway 501 E, Conway, SC 29526
      View Details
    • Contact for pricing

      Industrial Lot with Office, Warehouse

      Industrial lot featuring office trailer and warehouse near Highway 90.
      4182 Tilly Swamp Rd, Conway, SC 29526
      View Details
    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.
    422 Commerce Park Dr
    Conway, SC 29526
    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
    422 Commerce Park Dr, 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!