Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1505 Brookgreen Dr. Myrtle Beach, SC 29577

    View on Map
    Claim this Listing
    Pending
    $650,000

    Residential Lot - Myrtle Beach, SC

    Type:Single Family Residence
    Lot size:
    0.95 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 23 at 11:06 pm

    Property Features for 1505 Brookgreen Dr.

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RES
    Standard status
    Pending
    Lot size
    0.95 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tamara Wolfe

    Listing agent Tamara Wolfe

    Listing office Beach & Forest Realty 6301 N Kings Hwy., Myrtle Beach, SC

    Listing date Mar 6, 2026

    MLS# 2605840 Listing URL

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oversized Lot in Myrtle Beach

    This 0.95-acre lot is located in Plantation Point, a well-established neighborhood in Myrtle Beach. The property is zoned for residential use and offers the opportunity to build a custom home. The location provides privacy and a view of the golf course. Situated in a family-friendly area, it is conveniently located near the beach, restaurants, golfing, a water park, shopping, and medical facilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.886705
    Latitude
    33.7259456

    Nearby Similar for Sale

    • $834,900
      2,416 SF

      Well-Maintained Office Building in Myrtle Beach

      Two-story office building in a central Myrtle Beach location.
      161 McDonald Ct., Myrtle Beach, SC 29588
      View Details
    • $1,200,000
      2,741 SF

      Former Restaurant on Kings Highway

      2,741 SF former restaurant on 0.68 acres for sale.
      1204 S Kings Highway, Myrtle Beach, SC 29577
      View Details
    • $850,000
      5,556 SF

      Myrtle Beach Industrial Property

      Industrial property for sale in a fast-growing commercial area.
      100 Lichen Ct., Myrtle Beach, SC 29588
      View Details
    • $390,000
      1,943 SF

      Myrtle Beach Multifamily Opportunity

      Duplex near the beach, zoned for high-density multifamily development.
      406 13th Avenue S, Myrtle Beach, SC 29577
      View Details
    • $879,000

      Myrtle Beach Quad Investment Opportunity

      Four units near the beach in Myrtle Beach, South Carolina.
      304 1st Ave. N, Myrtle Beach, SC 29577
      View Details
    • $4,995,000
      22,442 SF

      Ocean Boulevard Hospitality Investment

      60-door hospitality property on 0.83 acres in Myrtle Beach.
      806 S Ocean Blvd., Myrtle Beach, SC 29577
      View Details
    • $599,000

      New Myrtle Beach Duplex Investment

      Turnkey, tenant-occupied duplex near Myrtle Beach.
      1205 Rosehaven Dr., Myrtle Beach, SC 29577
      View Details
    • $1,799,000
      9,959 SF

      Myrtle Beach Professional Office Park

      Centrally located office park with medical/professional office space.
      710 21st Ave. N, Myrtle Beach, SC 29577
      View Details
    • $250,000

      Established Luxury Floral Business For Sale

      Turnkey luxury floral business with storefront in high-traffic Myrtle Beach.
      5001 Kings Hwy., Myrtle Beach, SC 29577
      View Details
    • $350,000

      Waterfront Lot in Gated Community

      Residential lot in gated community with Intracoastal Waterway access.
      716 McDuffie Dr., Myrtle Beach, SC 29588
      View Details
    • $488,000

      Myrtle Beach Multifamily Investment Property

      Income-producing six-unit apartment building in central Myrtle Beach location.
      1304 Dunbar St., Myrtle Beach, SC 29577
      View Details
    • $558,000

      Multifamily Income Property in Myrtle Beach

      Multifamily property with consistent rental demand in central Myrtle Beach.
      1405 Dunbar St., Myrtle Beach, SC 29577
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large residential lot in desirable Myrtle Beach neighborhood.
    Where is this residential land & home lot located?
    The property is located at 1505 Brookgreen Dr. Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Oversized .95 acre lot in desirable Plantation Point neighborhood.; No HOA fees.; Prime location minutes from beach, restaurants, shopping, and attractions.
    (843) 424-5752
    We can help!
    Listing Contact
    Tamara Wolfe
    Learn More
    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.
    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!