Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2258 Hwy 501 Conway, SC 29526-9523

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2258 Hwy 501 Conway, SC 29526-9523

    View on Map
    • Strip malls
    • 11,423 SF
    • 7.12 lot acres
    Off-Market
    Last Sale Feb 28, 2025
    Property ID
    US77-2006192
    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
    $1,990,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 2258 Hwy 501

    Year built
    1997
    Construction
    CONCRETE
    Lot size
    7.12 lot acres
    Property size
    11,423 SF
    Zone code
    HC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    383-10-03-0022
    APU
    38310030022

    Description

    This 900 sq ft retail space is located in the University Shoppes, a busy shopping center in Conway, South Carolina. Situated on a 5.49-acre lot with excellent visibility from Highway 501, boasting an average daily traffic count of 50,100 vehicles. The property benefits from multiple points of ingress and egress, ensuring easy access for customers. The space features a glass storefront, ample open parking, and signage opportunities. It's conveniently located near Conway Medical Center (with over 1,500 employees), Coastal Carolina University, and Horry Georgetown Technical College, serving a strong demographic with a permanent population of 59,783 within a 5-mile radius (excluding 20,000+ college students). The shopping center includes a variety of tenants, including Food Lion, Family Dollar, Chipotle, and several other businesses. The unit itself offers an open retail/showroom area and a restroom. Square footage is approximate

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,479,000
      Market price range: $1.02M - $2.48M
      AI Estimate
      $1,409,000
      Market price range: $543k - $1.41M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Current use
      WAREHOUSE, STORAGE
      $2,430,000
      Change: +59% Conversion: Difficult
      RETAIL STORES
      $2,155,000
      Change: +41% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9995
    Latitude
    33.7907
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN 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
    $78,526
    $83,776
    $169,954
    $253,730
    -
    $1,864,370
    $3,932,600
    $5,796,970

    Comparable in this City

    • Value Estimation
      $2,290,000
      15,000 SF

      450 Century Cir, Unit B

      SHOPPING CENTER, STRIP CENTER • 15,000 SF
      450 Century Cir, Conway, SC 29526-8380
      View Details
    • Value Estimation
      $1,775,000
      12,980 SF

      2686 Church St, Unit A

      SHOPPING CENTER, STRIP CENTER • 12,980 SF
      2686 Church St, Conway, SC 29526-4465
      View Details
    • Value Estimation by Request
      4,720 SF

      Hwy 501

      SHOPPING CENTER, STRIP CENTER • 4,720 SF
      Hwy 501, Conway, SC 29526
      View Details
    • Value Estimation
      $1,800,000
      15,357 SF

      104 Laurel St Sta, Unit A

      SHOPPING CENTER, STRIP CENTER • 15,357 SF
      104 Laurel St Sta, Conway, SC 29526-5134
      View Details
    • Value Estimation
      $3,745,000
      29,496 SF

      2709 Church St

      SHOPPING CENTER, STRIP CENTER • 29,496 SF
      2709 Church St, Conway, SC 29526-4440
      View Details
    • Value Estimation
      $740,000
      10,556 SF

      1111 Hwy 501st Business

      SHOPPING CENTER, STRIP CENTER • 10,556 SF
      1111 Hwy 501st Business, Conway, SC 29526-9537
      View Details

    Similar Nearby for Sale

    • $3,000,000
      1.13 Acres

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 Highway 501 W, Conway, SC 29526
      View Details
    • $3,000,000
      3,104 SF

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 Highway 501 W, Conway, SC 29526
      View Details
    • $950,000

      Conway Land with Existing Building

      8.84 +/- acres zoned RE-4 in Conway, South Carolina.
      2160 Cultra Rd, Conway, SC 29526
      View Details
    • Contact for pricing
      3,478 SF

      Scotchman Convenience Store For Sale

      Convenience store on a 1-acre hard corner parcel.
      3410 Highway 501 W, Conway, SC 29526
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Conway, South Carolina.
      1402 Church St, Conway, SC 29526
      View Details
    • $3,000,000

      Highway 501 Commercial Asset

      High-visibility commercial property with diverse income streams on 1.13 acres.
      4580 Highway 501 W, Conway, SC 29526
      View Details

    Similar Nearby for Lease

    • $650 /Mo

      Highway 501 Retail Space

      Retail space for lease on high-traffic Highway 501.
      1203 Highway 501, Conway, SC 29526
      View Details
    • Contact for pricing

      Retail-Restaurant Duplex in Conway

      Retail-restaurant duplex with drive-thru, high traffic location.
      1650 Church St, Conway, SC 29526
      View Details
    • $120,000
      12,000 SF

      Versatile Commercial Property in Conway

      Commercial property suitable for entertainment, event space, fitness, or retail.
      2961 Highway 501 W, Conway, SC 29526
      View Details
    • Contact for pricing

      Restaurant Space with Outdoor Patio

      2,528 SF restaurant space with covered outdoor patio.
      201 Graduate Rd, Conway, SC 29526
      View Details
    • $6,251 /Mo
      5,246 SF

      Medical/Professional Office Near Conway Hospital

      Medical/professional office building near Conway Medical Center with customizable space.
      8028 Myrtle Trace Dr, Conway, SC 29526
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Conway, South Carolina.
      5730 Sc-90, Conway, SC 29526
      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.
    2258 Hwy 501
    Conway, SC 29526-9523
    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.
    Sign Up Successful!
    You now have access to more from Realmo!