Two-Story Office
For Sale
$1,249,900
4605 Oleander Dr., Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size4,400 SF
Lot Size0.14 Acres
Price / SF$284.07
Days on Market242
Property Features for 4605 Oleander Dr.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OPI
Security features
Security System
Exterior features
Elevator-Passenger, Fire Alarm, Inside Storage, Kitchen Facility, Office(s), Reception Area, Restrooms - Private, Security System
Accessibility
Accessible Elevator Installed
Subdivision
16E Myrtle Beach Area--29th Ave N to 48th Ave N
Standard status
Active
Size
4,400 SF
Lot size
0.14 Acres
Building Details
Floors in Building
2
Number of units
2
Additional Structures
Storage
Listing Agency:
Century 21 The Harrelson Group · Century 21 Real Estate
(843) 903-3550
Listed By:
Greg Harrelson Sales Team
(843) 457-7816
Added: Feb 6
Changed: Oct 1
Last Checked: Oct 6 at 8:06AM
MLS# 2603269
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.
Investment Insights
Based on property information with market context.
This 4,400-square-foot office building contains two fully leased units arranged across two floors. Each level includes a reception area, kitchen, conference room, and private restrooms. The first floor has five private offices and a large storage room, while the second floor includes six offices and two storage rooms. Elevator and stair access serve both levels from the common entrance, and the property includes an accessible passenger elevator, fire alarm, security system, and ample on-site parking.
Constructed in 2010, the building has a brick exterior and high-end interior finishes. The property occupies 0.14 acres at 4605 Oleander Dr. in Myrtle Beach, South Carolina, and carries OPI zoning. Tenant-paid utilities are in place for the leased units.
Constructed in 2010, the building has a brick exterior and high-end interior finishes. The property occupies 0.14 acres at 4605 Oleander Dr. in Myrtle Beach, South Carolina, and carries OPI zoning. Tenant-paid utilities are in place for the leased units.
Key Highlights
- 4,400‑square‑foot office building on 0.14 acres
- Two fully leased office units with tenant‑paid utilities
- First floor includes five offices and a large storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,856
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,120
$1.1M
Cap Rate 7%
$769,371
$769.4K
Cap Rate 9%
$598,400
$598.4K
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$84.5K $19.20/SF
− Vacancy
−$12.7K −$2.88/SF
EGI
$71.8K $16.32/SF
− OpEx
−$18.0K −$4.08/SF
NOI
$53.9K $12.24/SF
Area
Horry County, SC
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,077,120
Cap Rate 7%
$769,371
Cap Rate 9%
$598,400
Alternative Uses
Best Use
Office B
$769.4K
$673.2K – $897.6K
NOI $53,856 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$975.8K – $1.30M
NOI $78,060 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,152
Businesses Nearby
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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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?
Office building - Two leased office units provide reception, meeting, kitchen, storage, and private restroom areas across a professional two-floor layout.
Where is this office building located?
The property is located at 4605 Oleander Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: 4,400‑square‑foot office building on 0.14 acres; Two fully leased office units with tenant‑paid utilities; First floor includes five offices and a large storage room
