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

    9653 Ocean Hwy Pawleys Island, SC 29585-7425

    • Office buildings
    • 8,247 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1199947
    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

    • Office buildings

    Property Details for 9653 Ocean Hwy

    Year built
    1999
    Construction
    BRICK
    Lot size
    1.30 lot acres
    Property size
    8,247 SF
    Property type
    Office buildings
    APN
    04-0160-006-00-00
    APU
    401600060000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,141,000
      Market price range: $370k - $1.80M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $795,000
      Current use
      AUTO REPAIR, GARAGE
      $705,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.1402
    Latitude
    33.4332
    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
    $25,805
    $30,000
    $73,290
    $103,290
    -
    $500,000
    $1,221,500
    $1,721,500

    Comparable in this City

    • Value Estimation
      $1,480,000
      11,068 SF

      9699 Ocean Hwy

      PROFESSIONAL BUILDING • 11,068 SF
      9699 Ocean Hwy, Pawleys Island, SC 29585-7425
      View Details
    • Value Estimation
      $570,000
      5,897 SF

      61 Baskervill Dr

      PROFESSIONAL BUILDING • 5,897 SF
      61 Baskervill Dr, Pawleys Island, SC 29585
      View Details
    • Value Estimation
      $1,920,000
      14,970 SF

      11 Pne Dr

      PROFESSIONAL BUILDING • 14,970 SF
      11 Pne Dr, Pawleys Island, SC 29585-5960
      View Details
    • Value Estimation
      $890,000
      5,741 SF

      426 Tidewater Cir

      PROFESSIONAL BUILDING • 5,741 SF
      426 Tidewater Cir, Pawleys Island, SC 29585
      View Details
    • Value Estimation
      $600,000
      2,718 SF

      36 Business Ctr Dr

      PROFESSIONAL BUILDING • 2,718 SF
      36 Business Ctr Dr, Pawleys Island, SC 29585-7963
      View Details
    • Value Estimation
      $750,000
      8,620 SF

      Willbrook Blvd

      PROFESSIONAL BUILDING • 8,620 SF
      Willbrook Blvd, Pawleys Island, SC 29585
      View Details

    Similar Nearby for Sale

    • $850,000
      2,425 SF

      Pawleys Island Office For Sale

      Office space available in Pawleys Island, South Carolina.
      56 Business Center Dr, Pawleys Island, SC 29585
      View Details
    • $950,000

      Pawleys Island Outparcels For Sale

      Outparcels of Lowes Foods anchored Pawleys Market retail center.
      9180 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $350,000

      Land For Sale Pawleys Island

      Land available for sale in Pawleys Island, South Carolina.
      Wall St, Pawleys Island, SC 29585
      View Details
    • $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
    • $420,000
      0.52 Acres

      Prime Commercial Lot on Wall Street

      Commercial real estate near Highway 17 and Litchfield By The Sea.
      Portion Wall St, 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
      View Details

    Similar Nearby for Lease

    • $4,125 /Mo
      16,000 SF

      Pawleys Island Professional Office Building

      Professional office building in Pawleys Island with flexible suite sizes.
      160 Willbrook Blvd, 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
    • $3,632 /Mo
      1,981 SF

      Pawleys Island Professional Office Space

      Versatile office space in high-visibility Pawleys Island location.
      38 Blackgum Rd, Pawleys Island, SC 29585
      View Details
    • $23 SF/Yr
      12,000 SF

      Pawleys Island Office Space for Lease

      Prime Office Space, 3002 sq ft, SC
      38 Blackgum Rd, Pawleys Island, SC 29585
      View Details
    • $14 SF/Yr
      10,890 SF

      Pawleys Island Multi-Use Commercial Space

      Versatile Office, Flex & Warehouse Units
      354 Tiller Dr, 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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    9653 Ocean Hwy
    Pawleys Island, SC 29585-7425
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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.

    More about this property
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