Flex Building with
101 George Bishop Pkwy., Myrtle Beach, SC 29579
For Sale
$1,700,000
The HC-zoned property pairs customer-facing showroom space with a larger flex area.
Property Size12,532 SF
Price / SF$135.65
Days on Market70
Property Features for 101 George Bishop Pkwy.
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Traffic Count
Highway Access
Road Access
Mixed-Use Components
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Property Use
Building Details
Building Size
Stories
Units
Listing Agency:
Avison Young - South Carolina
Listed By:
Tyler Smith · License #119417
(843) 725-7200
Source:
Gabrielfinancial
Added: Sep 1
Changed: Nov 8
Last Checked: Nov 8 at 7:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young - South Carolina
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Investment Insights
Based on property information with market context.
This flex property contains approximately 12,532 square feet, including about 1,800 square feet configured as showroom space. Three grade-level doors provide drive-in access, and ceiling heights range from 16 to 18 feet. On-site parking is available.
The building occupies a corner parcel off Highway 501, with road frontage and signage opportunity. Highway 501 carries approximately 55,000 vehicles per day, and the property offers access to Myrtle Beach’s major corridors.
The building occupies a corner parcel off Highway 501, with road frontage and signage opportunity. Highway 501 carries approximately 55,000 vehicles per day, and the property offers access to Myrtle Beach’s major corridors.
Key Highlights
- Approximately 12,532 SF total, including approximately 1,800 SF of showroom space
- Three grade‑level drive‑in doors
- Ceiling heights range from 16'-18'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,038
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,760
$1.6M
Cap Rate 7%
$1,171,971
$1.2M
Cap Rate 9%
$911,533
$911.5K
Market Conditions
NOI Build-Up for 12,532 SF
Gross rent
$133.8K $10.68/SF
− Vacancy
−$7.6K −$0.61/SF
EGI
$126.2K $10.07/SF
− OpEx
−$44.2K −$3.52/SF
NOI
$82.0K $6.55/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,760
Cap Rate 7%
$1,171,971
Cap Rate 9%
$911,533
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.04M
NOI $182,694 @ 7.0% cap · market cap 10.75%
Second Best
Industrial
$2.30M
$2.01M – $2.68M
NOI $160,815 @ 7.0% cap · market cap 9.46%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,328 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
55,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29579, SC
50,378
Population
24,320
Households
2.1
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
53.0 sq mi
ZIP Area
951
Density / Sq Mi
$72,909
Median Household Income
$39,175
Median Earnings
$1,466
Median Rent
$320,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Horry County, SC
Properties on Market for Flex space in Horry County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The HC-zoned property pairs customer-facing showroom space with a larger flex area.
Where is this flex space located?
The property is located at 101 George Bishop Pkwy. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 12,532 SF total, including approximately 1,800 SF of showroom space; Three grade‑level drive‑in doors; Ceiling heights range from 16'-18'
