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Property profile & analytics
OFF-MARKET Estimated value $26,165,000
Community centers

10225 Ocean Hwy Pawleys Island, SC 29585-6507

132,961 SF 12.01 ac lot Built 1988
Entity Owned 4-yr Hold Free & Clear
Property ID
US77-2228500
Property summary
AI-generated overview

This exceptional retail opportunity is located within Pawleys Island Plaza, a thriving neighborhood shopping center in the desirable Pawleys Island submarket of Georgetown County, South Carolina. The property boasts a highly visible location at the signalized intersection of US Highway 17 (Ocean Highway) and Petrigru Drive, offering multiple points of ingress/egress and ample parking for customer convenience. Currently, two retail spaces are available, ranging from 1,289 to 1,500 square feet. The center is anchored by a Publix supermarket and is complemented by a strong lineup of national retailers including T.J. Maxx, Petco, Rack Room Shoes, Jersey Mike's, and Smoothie King. An Ulta Beauty is also slated to open soon, further enhancing the center's appeal. This location benefits from its proximity to an affluent residential population, with average household incomes exceeding $100,000 within a three-mile radius. Pawleys Island's status as a popular vacation destination, attracting over one million visitors annually, presents a significant opportunity for increased foot traffic and sales. The property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The address is 10225 Ocean Hwy, Pawleys Island, SC 29585.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1988
Construction WOOD
Total area 132,961 SF
Lot 12.01 ac (523,156 SF)
APN 04-0161-008-00-00
UPID US77-2228500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.52M
Comparable Approach Comparable
by Request
Blend (final) Blend
$26.17M
Owner & transaction history
Brixmor Pawleys Island Plaza LLC · 4 yrs held
Brixmor Pawleys Island Plaza LLC
since 2021
Last sale
$26.3M
7 recorded transactions
2021
$26.3M
2016
Price N/A
2015
$16.5M
2015
Price N/A
2014
Price N/A
2013
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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