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    10378 Ocean Hwy Pawleys Island, SC 29585
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    10378 Ocean Hwy Pawleys Island, SC 29585

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    • Drive through restaurants
    • 2,501 SF
    • 1.00 lot acres
    For Lease
    View Listing →
    Pawley's Island Restaurant with Drive-Thru For Lease
    Contact for pricing

    Pawley's Island Restaurant with Drive-Thru

    Free-standing restaurant with drive-thru on approximately one acre.

    10378 Ocean Hwy, Pawleys Island, SC 29585
    View Listing
    Property ID
    US77-2178272
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 10378 Ocean Hwy

    Year built
    2009
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    2,501 SF
    Property type
    Drive through restaurants
    APN
    04-0161-055-01-00
    APU
    401610550100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.1285
    Latitude
    33.4373
    CBSA code
    23860
    CBSA name
    GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,281
    $23,400
    $21,620
    $45,020
    -
    $390,000
    $360,300
    $750,300

    Comparable in this City

    • Value Estimation by Request
      3,513 SF

      10391 Ocean Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,513 SF
      10391 Ocean Hwy, Pawleys Island, SC 29585-6520
      View Details
    • Value Estimation by Request
      3,570 SF

      10425 Ocean Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,570 SF
      10425 Ocean Hwy, Pawleys Island, SC 29585-6599
      View Details
    • Value Estimation
      $2,175,000
      5,315 SF

      11241 Ocean Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,315 SF
      11241 Ocean Hwy, Pawleys Island, SC 29585-6612
      View Details
    • Value Estimation
      $580,000
      9,340 SF

      14360 Ocean Hwy

      RESTAURANT • 9,340 SF
      14360 Ocean Hwy, Pawleys Island, SC 29585-4813
      View Details
    • Value Estimation by Request
      6,152 SF

      7147 Ocean Hwy

      RESTAURANT • 6,152 SF
      7147 Ocean Hwy, Pawleys Island, SC 29585-6586
      View Details
    • Value Estimation by Request
      4,056 SF

      10337 Ocean Hwy

      RESTAURANT • 4,056 SF
      10337 Ocean Hwy, Pawleys Island, SC 29585-6520
      View Details

    Similar Nearby for Sale

    • $1,800,000
      4,075 SF

      Pawleys Island Retail Opportunity

      Retail building with drive-thru and patio in Pawleys Island.
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      View Details
    • New
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      Established Restaurant on High-Traffic Corridor

      Long-standing restaurant with strong revenue in desirable coastal market.
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      9,374 SF

      Class A Retail Investment Property

      Fully occupied retail building in Pawleys Island's commercial district.
      11378 Ocean Hwy, Pawleys Island, SC 29585
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    • $700,000

      Showroom and Office on Large Parcel

      Showroom and office space on 1.5 acre parcel.
      166 Tiller Dr, Pawleys Island, SC 29585
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    • $420,000
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      Residential Lot in Pawleys Island

      Homesite for coastal retreat near beach, golf, and dining.
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      2.08 Acres

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    Similar Nearby for Lease

    • $5,500 /Mo
      2,500 SF

      Pawleys Island Restaurant with Drive-Thru

      Freestanding 2,500 SF restaurant with drive-thru in Pawleys Island.
      10378 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing

      Pawley's Island Restaurant with Drive-Thru

      Free-standing restaurant with drive-thru on approximately one acre.
      10378 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing

      Highly Visible Pad Site

      Pad site on Highway 17 N near Aldi and Publix.
      10135 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing

      Retail Space in Pawleys Market

      Retail space available in Lowes Foods anchored Pawleys Market.
      9140 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $5,500 /Mo
      3,700 SF

      Prime Retail Space in Pawleys Island

      Versatile commercial space in a desirable coastal community.
      11382 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $2,250 /Mo
      1,800 SF

      Pawleys Island Class A Office

      Class A office space in the heart of Pawleys Island.
      12019 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    View Listing
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    Pawleys Island, SC 29585
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    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.

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    10378 Ocean Hwy, Pawleys Island, SC, 29585
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