Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    North Myrtle Beach Development Site Title is generated by Realmo AI

    1007 Highway 17 S, North Myrtle Beach, SC 29582

    View on Map
    Claim this Listing
    For Sale
    $8,424,000

    COMMERCIAL - North Myrtle Beach, SC

    Lot size:
    10.50 Acres
    Added:
    Feb 5, 2024
    Days on Market:
    847
    Last Refresh:
    Jun 1 at 1:06 am

    Property Features for 1007 Highway 17 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HC
    Standard status
    Active
    Lot size
    10.50 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    David Scott Jackson

    Listing agent David Scott Jackson License #15004

    Listing office Weichert Realtors Southern Coast N. Myrtle Beach, SC

    Listing date Feb 5, 2024

    MLS# 2403030

    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

    • Prime development site in the heart of North Myrtle Beach.
    • Coveted Highway 17 location.
    • Excellent for restaurants, retail, and entertainment.
    • Direct access to future lighted intersection.
    • Public water source.

    Overview

    This commercial property is a development site situated in North Myrtle Beach, South Carolina. The property, zoned HC, is 10.5 acres. Located on Highway 17, the site is suitable for restaurants, retail, and entertainment businesses. The location provides direct access to a future lighted intersection.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.691838
    Latitude
    33.818009

    Nearby Similar for Sale

    • $749,950
      3,034 SF

      Cabin-Style Triplex Near Beach

      Income-producing triplex near the beach with strong rental history.
      509 Hillside Dr. S, North Myrtle Beach, SC 29582
      View Details
    • $950,000

      Highway Frontage Commercial Lot

      Commercial lot with highway frontage near Barefoot Resort and Golf.
      1004 Windy Hill Rd., North Myrtle Beach, SC 29582
      View Details
    • $1,865,000
      7,896 SF

      North Myrtle Beach Rental Machine

      Duplex near the beach, ideal for vacation rentals.
      400 Hillside Dr. S, North Myrtle Beach, SC 29582
      View Details
    • $649,900

      North Myrtle Beach Commercial Land

      One acre commercial land in Ocean Drive section.
      1327 Half Moon Ct., North Myrtle Beach, SC 29582
      View Details
    • $815,000
      2,828 SF

      Updated Duplex Near Cherry Grove

      Spacious, updated duplex near the beach in North Myrtle Beach.
      206 30th Ave. N, North Myrtle Beach, SC 29582
      View Details
    • $985,000
      3,318 SF

      North Myrtle Beach Triplex Opportunity

      Updated triplex near the beach with income potential.
      2006 S Ocean Blvd., North Myrtle Beach, SC 29582
      View Details
    • $639,900
      1,742 SF

      North Myrtle Beach Duplex Opportunity

      Charming duplex near the beach, ideal for investment or multigenerational living.
      404 34th Ave. S, North Myrtle Beach, SC 29582
      View Details
    • $1,254,000
      7,348 SF

      Multifamily Investment Near Crescent Beach

      Multifamily property near the ocean with significant upside potential.
      301-303 27th Ave. S, North Myrtle Beach, SC 29582
      View Details
    • $2,900,000
      5,684 SF

      Oceanfront Triplex in Cherry Grove

      Redone oceanfront triplex with strong rental history in North Myrtle Beach.
      3104 N Ocean Blvd., North Myrtle Beach, SC 29582
      View Details
    • $899,000
      2,706 SF

      North Myrtle Beach Coastal Duplex

      North Myrtle Beach duplex, steps from the ocean, fully furnished.
      1904 S Ocean Blvd., North Myrtle Beach, SC 29582
      View Details
    • $500,000

      Ocean Hill Homesites Opportunity

      Two homesites in desirable Ocean Hill community, near the ocean.
      445 & 501 7th Ave. S, North Myrtle Beach, SC 29582
      View Details
    • $1,750,000
      3,701 SF

      Renovated Oceanfront Duplex in Cherry Grove

      Renovated 8-bedroom duplex with rental income potential.
      4700 N Ocean Blvd., North Myrtle Beach, SC 29582
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in the heart of North Myrtle Beach.
    Where is this commercial land located?
    The property is located at 1007 Highway 17 S North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $8,424,000.
    What are key features of this property?
    This property features: Prime development site in the heart of North Myrtle Beach.; Coveted Highway 17 location.; Excellent for restaurants, retail, and entertainment.
    (843) 907-9282
    We can help!
    Listing Contact
    David Scott Jackson
    Real Estate License ID: 15004
    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

    Thank You for Inquiry
    1007 Highway 17 S, North Myrtle Beach, SC 29582
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!