Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1420 Bourne St Georgetown, SC 29440-4702

    • Flex space
    • 6,525 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $245,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2084338
    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

    • Truck Scale / Transportation Service

    Property Details for 1420 Bourne St

    Year built
    1992
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Property size
    6,525 SF
    Property type
    Flex space
    APN
    05-0028-001-00-00
    APU
    500280010000

    Description

    This exceptional 0.79-acre commercial property at 1420 Bourne St. in Georgetown, SC, presents a unique investment opportunity. Strategically located just off Highway 17, this property sits within a prime redevelopment area, boasting proximity to historic downtown Georgetown and the waterfront. The General Commercial zoning allows for a wide range of potential uses, maximizing its versatility. The corner lot features a fenced yard and a convenient truck dock, enhancing operational efficiency. The building itself offers substantial space, including seven 14-foot garage doors/bays, ideal for various industrial or commercial applications. Three-phase power is readily available, catering to power-intensive operations. Internal features include a welcoming reception and lobby area, a practical kitchenette, a dedicated parts/supply room, multiple offices to accommodate staff, and ample restroom facilities comprising one full bathroom and four half bathrooms. This property's combination of location, zoning, and features makes it an attractive prospect for businesses seeking a well-equipped and strategically positioned space in a thriving South Carolina community. The asking price is $899,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.2965
    Latitude
    33.3649
    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
    $3,864
    $1,421
    $2,954
    $4,375
    -
    $60,000
    $124,700
    $184,700

    Comparable in this City

    • Value Estimation
      $250,000
      6,000 SF

      170 Aviation Blvd

      LIGHT INDUSTRIAL • 6,000 SF
      170 Aviation Blvd, Georgetown, SC 29440-8446
      View Details
    • Value Estimation
      $350,000
      5,714 SF

      5139 Fraser St

      LIGHT INDUSTRIAL • 5,714 SF
      5139 Fraser St, Georgetown, SC 29440-5243
      View Details
    • Value Estimation
      $490,000
      17,664 SF

      5968 Highmarket St

      LIGHT INDUSTRIAL • 17,664 SF
      5968 Highmarket St, Georgetown, SC 29440-9769
      View Details
    • Value Estimation
      $200,000
      7,508 SF

      206 Aviation Blvd

      LIGHT INDUSTRIAL • 7,508 SF
      206 Aviation Blvd, Georgetown, SC 29440-8415
      View Details
    • Value Estimation
      $570,000
      22,048 SF

      4483 Choppee Rd

      LIGHT INDUSTRIAL • 22,048 SF
      4483 Choppee Rd, Georgetown, SC 29440-4528
      View Details
    • Value Estimation by Request
      2,800 SF

      754 Dunbar Rd

      LIGHT INDUSTRIAL • 2,800 SF
      754 Dunbar Rd, Georgetown, SC 29440-2081
      View Details

    Similar Nearby for Sale

    • $549,000
      1,900 SF

      Georgetown Industrial Property - 8.8 Acres

      Renovated building, 8.88 acres, railroad access.
      9895 Highmarket St, Georgetown, SC 29440
      View Details
    • $699,000
      Pending

      Georgetown Industrial/Medical Remodel Opportunity

      16,040 SF building on 1.82 acres, prime remodel location.
      2401 North Fraser St, Georgetown, SC 29440
      View Details
    • $249,900
      1.00 Acre

      Georgetown Multi-Use Investment Opportunity

      Versatile property suitable for residential and commercial uses.
      3240 Highmarket St, Georgetown, SC 29440
      View Details
    • $899,000
      Pending

      Georgetown Commercial and Investment Opportunity

      32-acre property with industrial building, rental homes, and mobile lots.
      76 Towhee St, Georgetown, SC 29440
      View Details
    • $249,900

      Georgetown Commercial Property on Hwy 521

      Versatile commercial property with development potential on Hwy 521.
      3240 Highmarket St, Georgetown, SC 29440
      View Details
    • $1,950,000
      4.06 Acres

      Georgetown Industrial Development Site

      4-Acre Hwy 17 Development Opportunity
      3376 Fraser St, Georgetown, SC 29440
      View Details

    Similar Nearby for Lease

    • $250 SF/Yr
      436 SF

      Friendfield Marina Boat Slip Lease

      30-foot boat slip in Friendfield Marina, Georgetown, SC.
      97 Friendfield Marina, Georgetown, SC 29440
      View Details
    • $2,800 /Mo
      1,800 SF

      Historic Georgetown Office Space

      Commercial suite in downtown Georgetown with flexible space.
      606 Front St, Georgetown, SC 29440
      View Details
    • $2,214 /Mo
      1,155 SF

      Medical Office Suite For Lease

      Turn-key medical office suite in Georgetown, available May 1, 2025.
      1001 N Fraser St, Georgetown, SC 29440
      View Details
    • $2,000 /Mo
      2,400 SF

      Georgetown Retail Space For Lease

      2400 sq ft retail space in Georgetown, SC for lease.
      7113 South Island Rd, Georgetown, SC 29440
      View Details
    • $10 SF/Yr
      4,000 SF

      Georgetown Office Space For Lease

      Prime Georgetown Office: 4,000 sq ft
      1001 Front St, Georgetown, SC 29440
      View Details
    • $2,200 /Mo

      Front Street Studio Apartment

      One-bedroom studio with private balcony available September 1, 2025.
      801 Front St, Georgetown, SC 29440
      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.
    1420 Bourne St
    Georgetown, SC 29440-4702
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.