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    Turnkey Myrtle Beach Restaurant Opportunity Title is generated by Realmo AI

    4620 Dick Pond Rd., Myrtle Beach, SC 29588

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    For Sale
    $125,000

    COMMERCIAL - Myrtle Beach, SC

    Property size:
    3,500 SF
    Price / SF:
    $35/SF
    Added:
    May 6, 2026
    Days on Market:
    28
    Last Refresh:
    Jun 2 at 8:06 am

    Property Features for 4620 Dick Pond Rd.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Comm
    Standard status
    Active
    Size
    3,500 SF

    Building Details

    Number of units
    1

    We can help!

    Listing Contact
    Tarita Colite
    Tarita Colite

    Listing agent Tarita Colite License #107344

    Listing office Colite Real Estate AYNOR, SC

    Listing date May 6, 2026

    MLS# 2611791

    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.

    HighLights

    • Turnkey restaurant in a high‑traffic Myrtle Beach location, fully operational and ready for immediate takeover.
    • Newly renovated with a unique steampunk‑inspired design and new outdoor seating.
    • Fully equipped kitchen and bar with all appliances owned by the seller.
    • Unique concept blending Southern comfort food with Asian‑inspired cuisine.
    • Seating for 60 indoors (40 dining, 10 bar) and 10 outdoors.
    • Recently remodeled (approximately two months old) with strong growth potential.

    Overview

    This is a fully operational restaurant located in Myrtle Beach. The restaurant has been newly renovated and is situated in a high-traffic area. The concept blends Southern comfort food with Asian-inspired cuisine. The restaurant has been open for approximately two months following a full remodel. The space has been updated with a steampunk-inspired design. The kitchen equipment is in good working condition and fully operational, including a cooking line, refrigeration units, prep stations, and a fully equipped bar. The business is being offered as a turnkey operation. The restaurant has indoor dining with 40 seats, a full-service bar with 10 seats, and outdoor dining with 10 seats. The layout supports a balanced mix of dining and bar service, with flexibility for events, specials, or expanded concepts. The restaurant is currently staffed with both kitchen and front-of-house employees. The property size is 3500 square feet. All appliances and everything inside the restaurant is owned by the seller, including the hood, the fryers, all the fridges, all the freezers, stove, wok fryer, all the tables and chairs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tanya's Country Cafe Restaurant Healing By Hands, ... Alternative Medicine Practice Fox's pizza den Restaurant SPA 544 Alternative Medicine Practice Rob's Barbershop Barber Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -78.9975025
    Latitude
    33.6706253

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    FAQs

    What type of property is this?
    Conventional restaurant - Fully operational restaurant with unique concept and strong growth potential.
    Where is this conventional restaurant located?
    The property is located at 4620 Dick Pond Rd. Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: Turnkey restaurant in a high‑traffic Myrtle Beach location, fully operational and ready for immediate takeover.; Newly renovated with a unique steampunk‑inspired design and new outdoor seating.; Fully equipped kitchen and bar with all appliances owned by the seller.
    (843) 283-6188
    We can help!
    Listing Contact
    Tarita Colite
    Tarita Colite
    Real Estate License ID: 107344
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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.

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    4620 Dick Pond Rd., Myrtle Beach, SC 29588
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