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    1514 Business St Myrtle Beach, SC 29575

    Sponsored
    For Lease
    Pending
    $4,500 /Mo ($23 SF/Yr)

    Retail - Surfside Beach, SC

    Type:Retail
    Property size:
    2,300 SF
    Days on Market:
    82
    Last Refresh:
    Jan 27 at 7:06 am

    Property Features for 1514 Business St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Pending
    Zoning
    HC
    Size
    2,300 SF

    Building Details

    Floors in Building
    1
    Number of units
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Chris Price

    Price & Co Realty Inc (843) 272-1266

    Listing agent Chris Price (843) 272-1266

    Listing date Nov 7, 2025

    MLS# 2518544 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.

    Learn more

    Property Insight Report

    Overview

    Surfside Beach Retail Space Available

    This retail space offers a total of 2400 square feet, with 2300 square feet of heated area. The main area encompasses 1800 square feet, featuring a reception and open office space with large windows and natural light, enhanced by modern LED overhead lighting. The space includes both private and public restrooms, along with non-heated storage and a heated storage room or office. The main retail area has a newly installed dropped ceiling, fresh paint, updated baseboards, and a new floor coating. Located next to Doctors Care at the intersection of 16th Ave North and Highway 17 Business, it shares the frontage road with Harbor Freight, Ollie's, and Old Time Pottery, benefiting from high traffic. Current neighboring tenants include a church and a chiropractor. The HVAC system is 3 years old, and the property features newly installed toilets and sinks, with recently tiled bathrooms. There are no additional common area maintenance fees beyond the rent. The property includes lighted road signs and 60 feet of road frontage. A 2-year lease is required, along with a 2-month security deposit and a mandatory credit check.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    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
    -78.942871
    Latitude
    33.734507

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    FAQs

    What type of property is this?
    Retail space - Retail space with high visibility and recent upgrades for lease.
    Where is this retail space located?
    The property is located at 1514 Business St Myrtle Beach, SC.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on Highway 17 Business, adjacent to Doctors Care and sharing frontage with major retailers.; - 1800 sq ft main area with open office space, large windows, abundant natural light, and modern LED lighting.; - Newly renovated features including dropped ceiling, paint, baseboards, floor coating, tiled bathrooms, toilets, and sinks.
    (843) 241-0147
    Request Owner's contact information
    1514 Business St Myrtle Beach, SC 29575
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    Myrtle Beach, SC 29575
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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
    1514 Business St Myrtle Beach, SC 29575
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    We can help!
    Listing Contact
    Chris Price
    (843) 241-0147
    Learn more
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