2185 Fraser StGeorgetown, SC 29440

Property Details for 2185 Fraser St

Year built

1986

Construction

BRICK

Lot size

1.00 AC

Property size (Sq ft)

4,859 SF

Property type

Office properties

APN

02-0103-011-00-00

APU

201030110000

Description

Exceptional investment opportunity in Georgetown, SC, featuring a fully renovated office building currently leased to a thriving childcare business. This NNN (Net, Net, Net) property boasts an 8.6% cap rate and is situated on a one-acre lot at 2185 N Fraser St. The building underwent significant renovations prior to the tenant's occupancy, ensuring a high-quality asset. The tenant is currently in the third year of a ten-year lease with annual rent increases of 2% commencing in year three. The lease further includes two ten-year renewal options, each with an additional 2% annual rent increase. This structure significantly mitigates risk and provides predictable, growing income. The tenant is responsible for all operating expenses, including ad valorem taxes, insurance, utilities, landscaping, and trash removal, minimizing landlord responsibilities. The property's strategic location near Georgetown Hospital adds to its appeal and long-term value. This is a rare opportunity to acquire a stable, high-yielding investment with significant upside potential. The property is priced at $695,000.

• CAP approach

  CAP return

  Valuation

  6%

  $853,721

  6.5%

  $788,050

  7%

  $731,761

• Comparable approach

  Method

  Valuation

  Relative Method

  $510,059

  Geo Method

  $822,823

• Alternative Use

  Use

  Valuation

  Residential

  $977,182

  Hospitality

  $895,093

  Educational

  $744,707

  Medical

  $770,319

  Retail

  $1,158,433

Location Insight

City

Georgetown

County

Georgetown

State

South Carolina

Latitude

33.4056

Longitude

-79.2882

CBSA code

23860

CBSA name

GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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