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    Property profile & analytics

    11359 Ocean Hwy Pawleys Island, SC 29585

    • Turn key restaurants
    • 4,319 SF
    • 1.00 lot acres
    For Sale
    View listing
    $2,400,000
    Value Estimation
    Last Sale
    Feb 08, 2021
    $750,000
    Location Intelligence
    Property ID
    US77-1225425
    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.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 11359 Ocean Hwy

    Year built
    1999
    Lot size
    1.00 lot acres
    Property size
    4,319 SF
    Property type
    Turn key restaurants
    APN
    04-0153-001-01-14
    APU
    401530010114

    Description

    This exceptional 4,075-square-foot restaurant and retail building, situated on approximately one acre in Pawleys Island, South Carolina, presents a compelling investment opportunity. Built in 1999, this Class C property boasts a 100% occupancy rate with a national franchisee tenant under a NNN lease. The building features a state-of-the-art kitchen, a drive-thru, and an additional 2,000 square feet of patio space. Strategically located on Highway 17, between Sonic and the former BB&T Bank (now Truist), this property enjoys high visibility and proximity to other established businesses like Chico's, Best Western, and The Fresh Market. The property's address is 11359 Ocean Hwy, Pawleys Island, SC 29585, and is zoned for general commercial use. Access is convenient from Highway 17, as well as Hinnant Street, with connections to Tiller Drive, Commerce Drive, and Library Lane. The asking price is $2,400,000, translating to $588.96 per square foot. The property includes the building, land, and signage. This sale is a sale/leaseback opportunity, suitable for 1031 exchange investors. The property's Tax Map/Parcel Number is TMS/PIN# 04-0153-001-01-14. This is a single-tenant building with a franchisee tenant.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $855,000
      Geo Method
      $745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $670,000
      Retail
      $825,000
      Mixed-Use
      $650,000
      Hospitality
      $690,000
      Educational
      $715,000
      Residential Income
      $660,000
      Energy
      $785,000
      Income-Based Land
      $805,000
      Food Service
      $775,000

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.1209
    Latitude
    33.4486
    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
    $10,784
    $24,000
    $19,840
    $43,840
    -
    $400,000
    $330,700
    $730,700

    Comparable in this City

    • Value Estimation by Request
      8,179 SF

      14361 Ocean Hwy

      RESTAURANT • 8,179 SF
      14361 Ocean Hwy, Pawleys Island, SC 29585-4806
      View Details
    • Value Estimation
      $415,000
      4,591 SF

      8151 Ocean Hwy

      RESTAURANT • 4,591 SF
      8151 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Value Estimation by Request
      3,766 SF

      12827 Ocean Hwy

      RESTAURANT • 3,766 SF
      12827 Ocean Hwy, Pawleys Island, SC 29585-5408
      View Details
    • Value Estimation
      $335,000
      3,616 SF

      9448 Ocean Hwy

      RESTAURANT • 3,616 SF
      9448 Ocean Hwy, Pawleys Island, SC 29585-8259
      View Details
    • Value Estimation
      $685,000
      3,286 SF

      11151 Ocean Hwy

      RESTAURANT • 3,286 SF
      11151 Ocean Hwy, Pawleys Island, SC 29585-6513
      View Details
    • Value Estimation
      $290,000
      1,998 SF

      12223 Ocean Hwy

      RESTAURANT • 1,998 SF
      12223 Ocean Hwy, Pawleys Island, SC 29585-8350
      View Details

    Similar Nearby for Sale

    • $399,000
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      Established Restaurant on High-Traffic Corridor

      Turn-key restaurant opportunity in a desirable coastal market.
      14361 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $2,400,000
      4,075 SF

      Pawleys Island Retail Opportunity

      Retail building with drive-thru and patio in Pawleys Island.
      11359 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $450,000
      1.13 Acres

      Pawleys Island Commercial Lot Opportunity

      1.13-acre commercial lot in the heart of Pawleys Island.
      2364 Petigru Dr, Pawleys Island, SC 29585
      View Details
    • $120,000
      0.99 Acres

      Residential Lot in Pawleys Island

      Residential lot near shops, restaurants, and businesses in Pawleys Island.
      200 Petigru Dr, Pawleys Island, SC 29585
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    • $420,000
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      Prime Commercial Lot on Wall Street

      Commercial real estate near Highway 17 and Litchfield By The Sea.
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    • $430,000
      1.50 Acres

      Pawleys Island Commercial Lot For Sale

      1.5 acre commercial lot on Ocean Highway in Pawleys Island.
      000 Ocean Hwy, Pawleys Island, SC 29585
      View Details

    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
    • $18 SF/Yr
      1,240 SF

      Pawleys Island Retail Opportunity

      Prime Ocean Highway Retail Space
      14427 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      4,000 SF

      Development-Ready Retail Pad Site

      Pad site at Coastal Federal Town Center, up to 4,000 SF.
      11405 Sf, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      59,677 SF

      Pawleys Island Retail Pad Site

      High-traffic location, prime retail opportunity.
      10135 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $16 SF/Yr
      4,200 SF

      Retail Space in Pawleys Island

      Retail space for lease in Lowes Foods anchored center.
      9140 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $3,329 /Mo
      1,598 SF

      Prime Retail/Office Space Available

      Highly desirable Pawleys Island mixed-use location. Adaptable space.
      71 Dagullah Way, Pawleys Island, SC 29585
      View Details
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    11359 Ocean Hwy
    Pawleys Island, SC 29585
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    Realmo Value Estimation

    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.

    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.

    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
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