Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1802 Is Rd Georgetown, SC 29440-3947
    Back to Search
    Property profile & analytics

    1802 Is Rd, Georgetown, SC 29440-3947

    View on Map
    • Grocery and convenience stores
    • 15,396 SF
    • 1.20 lot acres
    Off-Market
    Last Sale May 17, 2021
    $1,925,000
    Property ID
    US77-1121019
    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
    $1,920,000
    Show details
    Cap Rate Potential
    9.7%
    Grocery and convenience stores
    Location Intelligence

    Current Use by Public Records

    • Circle K | Truck Stop / Parking Lot & Garage / Gas Station
    • BP / Gas Station
    • Circle K / Grocery & Convenience Store

    Property Details for 1802 Is Rd

    Year built
    1996
    Construction
    METAL FRAME
    Lot size
    1.20 lot acres
    Property type
    Grocery and convenience stores
    APN
    05-0039-049-00-00
    APU
    500390490000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 17, 2021 $1,925,000 Ns Retail Holdings LLC Georgetown Kangaroo Sc LLC Deed —
    Nov 4, 2019 — Georgetown Kangaroo Sc LLC — Deed · related $2.2M · Bethpage FCU
    Apr 16, 2018 — Georgetown Kangaroo Sc LLC Pantry Holdings LLC Quit Claim Deed · related —
    Apr 16, 2018 $2,990,624 Georgetown Kangaroo Sc LLC Pantry Holdings LLC Special Warranty Deed $1.9M · Td Bank NA
    Oct 2, 2014 $2,707,000 Pantry Holdings LLC Manor Enterprises INC Limited Warranty Deed —
    — — Manor Ents INC — Deed Of Trust · related $1.7M · Harbor Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,905,000
      ML approach
      $1,920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,320,000
      Market price range: $543k - $1.32M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,520,000
      OFFICE BUILDING
      $1,485,000
      AUTO REPAIR, GARAGE
      $1,315,000
      COMMERCIAL (GENERAL)
      $1,190,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.2946
    Latitude
    33.3479
    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
    $34,696
    $30,000
    $69,500
    $99,500
    -
    $500,000
    $1,158,400
    $1,658,400

    Comparable in this City

    • Value Estimation by Request
      9,865 SF

      2525 Highmarket St

      CONVENIENCE STORE
      2525 Highmarket St, Georgetown, SC 29440-2909
      View Details
    • Value Estimation
      $590,000
      24,860 SF

      1620 Highmarket St

      GROCERY, SUPERMARKET
      1620 Highmarket St, Georgetown, SC 29440-3123
      View Details
    • Value Estimation
      $550,000
      5,981 SF

      3508 Fraser St

      CONVENIENCE STORE
      3508 Fraser St, Georgetown, SC 29440-5006
      View Details
    • Value Estimation by Request
      4,804 SF

      1804 Highmarket St

      CONVENIENCE STORE
      1804 Highmarket St, Georgetown, SC 29440-2614
      View Details
    • Value Estimation
      $545,000
      4,633 SF

      7919 Fraser St

      CONVENIENCE STORE
      7919 Fraser St, Georgetown, SC 29440-6460
      View Details
    • Value Estimation
      $860,000
      4,061 SF

      7359 Browns Fry Rd

      CONVENIENCE STORE
      7359 Browns Fry Rd, Georgetown, SC 29440-5791
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land with Road Frontage

      Commercial property with over 1 acre and road frontage.
      14931 Pleasant Hl Dr, Georgetown, SC 29440
      View Details
    • Contact for pricing
      47,712 SF

      Historic Retail Investment Property

      Prime commercial buildings in historic Georgetown with significant tax incentives.
      830 Front St, Georgetown, SC 29440
      View Details
    • $250,000
      1.00 Acre

      Profitable Georgetown Franchise Restaurant

      Established Hamburger Restaurant, High Sales
      100 Hwy 17, Georgetown, SC 29440
      View Details
    • Contact for pricing

      Georgetown Commercial Land Opportunity

      6.5 acres of commercial land near Georgetown Airport.
      3934 S Fraser St, Georgetown, SC 29440
      View Details
    • Contact for pricing

      Georgetown US Hwy 17 Land

      4-acre development site on US Hwy 17 in Georgetown.
      3376 S Fraser St, Georgetown, SC 29440
      View Details
    • $250,000
      0.16 Acres

      Waterfront Land in Georgetown, SC

      Prime waterfront land with Intracoastal Waterway access and community amenities.
      Seaport Cir, Georgetown, SC 29440
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,030 SF

      Retail Space in Georgetown Plaza

      Retail space available in a busy, shadow-anchored shopping center.
      1320 N Fraser St, Georgetown, SC 29440
      View Details
    • $2,000 /Mo
      2,400 SF

      Retail Space in Georgetown, SC

      2400 sq ft retail space on one acre lot.
      7113 S Island Rd, Georgetown, SC 29440
      View Details
    • $3,800 /Mo

      Georgetown Historic District Retail Space

      Move-in ready retail space in Georgetown's Historic District.
      718 Front St, Georgetown, SC 29440
      View Details
    • $0.73 SF/Yr

      Georgetown Flex Office/Warehouse Space

      6000 sqft flex office/warehouse space in downtown Georgetown.
      1434 Hawkins St, Georgetown, SC 29440
      View Details
    • Contact for pricing

      Medical Office Space in Georgetown

      Turn-key medical office suite available May 2025 in Georgetown, SC.
      1001 N Fraser St, Georgetown, SC 29440
      View Details
    • $24,388
      20,904 SF

      Secured Georgetown Commercial Property For Rent

      Secured, well-maintained commercial property with office and warehouse space.
      149 Piper Ln, 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.
    1802 Is Rd
    Georgetown, SC 29440-3947
    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
    1802 Is Rd, Georgetown, SC, 29440
    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!