Two-Story Medical Office
For Sale
$1,239,000
10255 Beach Drive SW, Calabash, NC 28467
Commercial Sale, Calabash, NC
Property Size6,700 SF
Lot Size1.00 Acre
Price / SF$182.85
Days on Market176
Property Features for 10255 Beach Drive SW
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CA-CB
Parking features
Parking Lot, Carport
Subdivision
Carolina Shores
Lot features
Rectangular Lot
Directions
From 17 in Little River, SC take 179 just past PNC Bank on right or from Carolina shores take country club rd to 179 and turn right building is on left.
Standard status
Active
APN
2542a034
Size
6,776 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
L-34 & 33 PLAT J/274 BOUNDARY EST
Tax Annual Amount
2245
Legal Description
L-34 & 33 PLAT J/274 BOUNDARY EST
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
conference and flex space
kitchen/break room
marquee signage
Building Details
Year built
1985
Flooring type
Carpet
Building materials
Cedar, Block, Wood Frame
Roof type
Shingle
Listing Agency:
Keller Williams Innovate South dba Core Myrtle Beach · Keller Williams Realty
(843) 443-9400
Listed By:
Alton J Swann · License #356198
(843) 457-2808
Added: Mar 28
Changed: Sep 12
Last Checked: Sep 19 at 11:06PM
MLS# 100563334
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story medical office property includes 22 treatment rooms or private offices, several reception and waiting areas, conference and flex space, three restrooms, and a kitchen or break room. Multiple exterior entrances support varied circulation, while carport and parking-lot spaces serve the building. Interior features include crown molding, upgraded trim, carpet flooring, central air, electric heat, cedar, block, and wood-frame construction. Paint improvements are currently being made, and the roof is shingle.
The property is positioned along Highway 179 at 10255 Beach Drive SW in Calabash, within Brunswick County and less than one mile from the North Carolina–South Carolina state line near Little River. It is approximately 2 minutes from Little River and Carolina Shores, 10 minutes from North Myrtle Beach and Sunset Beach, 15 minutes from Ocean Isle Beach and Shallotte, and 35 minutes from Myrtle Beach. Zoning is CA-CB.
The property is positioned along Highway 179 at 10255 Beach Drive SW in Calabash, within Brunswick County and less than one mile from the North Carolina–South Carolina state line near Little River. It is approximately 2 minutes from Little River and Carolina Shores, 10 minutes from North Myrtle Beach and Sunset Beach, 15 minutes from Ocean Isle Beach and Shallotte, and 35 minutes from Myrtle Beach. Zoning is CA-CB.
Key Highlights
- 22 treatment rooms or private offices in a two‑story medical office layout
- Highway 179 frontage at 10255 Beach Drive SW, Calabash, NC 28467
- Three restrooms, multiple reception and waiting areas, conference and flex space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,057
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,140
$1.7M
Cap Rate 7%
$1,229,386
$1.2M
Cap Rate 9%
$956,189
$956.2K
Market Conditions
NOI Build-Up for 6,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$141.5K $20.88/SF
− Vacancy
−$26.7K −$3.95/SF
EGI
$114.7K $16.93/SF
− OpEx
−$28.7K −$4.23/SF
NOI
$86.1K $12.70/SF
Area
Brunswick County, NC
Vacancy
18.90%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,721,140
Cap Rate 7%
$1,229,386
Cap Rate 9%
$956,189
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.43M
NOI $86,057 @ 7.0% cap · market cap 6.95%
Second Best
Healthcare Medical
$819.0K
$716.6K – $955.5K
NOI $57,328 @ 7.0% cap · market cap 4.63%
Theoretical Best
Multifamily LT 5
$82.97M
$72.60M – $96.80M
NOI $5,807,770 @ 7.0% cap · market cap 468.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28467, NC
11,770
Population
8,098
Households
1.5
Avg Household Size
65
Median Age
31%
College-Educated
97%
High-School Grad
17.4 sq mi
ZIP Area
676
Density / Sq Mi
$72,840
Median Household Income
$38,909
Median Earnings
$1,346
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible 22-room layout with reception areas, conference space, kitchen, and multiple entrances.
Where is this medical office space located?
The property is located at 10255 Beach Drive SW Calabash, NC.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: 22 treatment rooms or private offices in a two‑story medical office layout; Highway 179 frontage at 10255 Beach Drive SW, Calabash, NC 28467; Three restrooms, multiple reception and waiting areas, conference and flex space
