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    8028 Myrtle Trace Dr Conway, SC 29526

    Sponsored
    For Lease
    $6,251 /Mo ($14 SF/Yr)

    Office - Conway, SC

    Type:Office
    Property size:
    5,246 SF
    Days on Market:
    143
    Last Refresh:
    Feb 11 at 10:06 pm

    Property Features for 8028 Myrtle Trace Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    HC
    Exterior features
    Fixtures/Furniture, Office(s), Reception Area, Kitchen Facility, Restrooms - Public, Restrooms - Private, Inside Storage, Handicap Access
    Accessibility
    Accessible Approach with Ramp
    Size
    5,246 SF

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    1
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Zajac
    Brent Zajac

    Realty ONE Group Dockside (843) 492-4030

    Listing agent Brent Zajac (843) 357-4030

    Listing date Sep 22, 2025

    MLS# 2522945 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

    Medical/Professional Office Near Conway Hospital

    Located at 8028 Myrtle Trace Drive in Conway, Horry County, SC, this property is a medical/professional office building offering approximately 5,250 square feet of space suitable for immediate occupancy. Built in 1983, the property sits on a ~0.51-acre lot with 25 surface parking spaces. The first-floor layout includes a main waiting room area with walk-up/check-in windows and a restroom, along with a secondary smaller waiting room that flows into an additional large room. In total, the first floor features 11 rooms, two areas well-suited for nurse stations, a break room with a sink and refrigerator, ample shelving/storage, two half-baths, one full bathroom with shower, and two hallway sink/wash stations. The second story is currently unfinished, providing a customizable space. The property is strategically located across from Conway Medical Center and is also near Coastal Carolina University and Horry-Georgetown Technical College. This location is suited for specialty medical practices, healthcare-related administrative offices, or training/educational coordination tied to CCU or HGTC. The property is located in Conway, the county seat of Horry County, and part of the Myrtle Beach/Grand Strand metro area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jonathan J. ... Ophthalmologist Kelle Siegmund Physician

    Suggested Use

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

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

    Similar Places Nearby

    Meadowlawn Animal Services

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0033824
    Latitude
    33.7835655

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    FAQs

    What type of property is this?
    Medical office - Medical/professional office building near Conway Medical Center with customizable space.
    Where is this medical office located?
    The property is located at 8028 Myrtle Trace Dr Conway, SC.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Strategic location directly across from Conway Medical Center, offering immediate proximity to a major hospital.; - Approximately 5,250 square feet of space suitable for immediate occupancy on the first floor.; - Unfinished second story, a blank canvas for customizable executive offices, staff offices, or storage.
    (843) 796-0002
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    8028 Myrtle Trace Dr Conway, SC 29526
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    Conway, SC 29526
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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
    8028 Myrtle Trace Dr Conway, SC 29526
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    We can help!
    Listing Contact
    Brent Zajac
    Brent Zajac
    Real Estate License ID: 99813
    (843) 796-0002
    Learn more
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