Executive Coworking
For Sale
Contact for pricing
1012 NW 16th Ave. #125, Surfside Beach, SC 29575
Office users have shared conference-room access, utilities, internet, and entry at any hour.
Property Size4,500 SF
Price / SF$0.11
Days on Market15
Property Features for 1012 NW 16th Ave. #125
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Property Use
Executive Suites
Amenities
conference room
high speed internet
24 hour access
common area cleaning
Listing Agency:
Epique Realty
Listed By:
Rick Stroud · License #6910
(864) 479-1189
Source:
Greathomessc
Added: Oct 16
Changed: Oct 28
Last Checked: Oct 28 at 2:48PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
This 4,500-square-foot coworking property at 1012 NW 16th Ave., Suite 125, in Surfside Beach provides executive office space with shared conference-room access. Electric, water, high-speed internet, common-area cleaning, and garbage service are included with occupancy, along with access 24 hours a day.
The property is on the north end of Surfside Beach. Its shared amenities and included services support a professional office setting.
The property is on the north end of Surfside Beach. Its shared amenities and included services support a professional office setting.
Key Highlights
- 4,500‑square‑foot executive office property
- Shared conference‑room access
- Electric, water, high‑speed internet, common‑area cleaning, and garbage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,080
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,600
$1.1M
Cap Rate 7%
$786,857
$786.9K
Cap Rate 9%
$612,000
$612.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$86.4K $19.20/SF
− Vacancy
−$13.0K −$2.88/SF
EGI
$73.4K $16.32/SF
− OpEx
−$18.4K −$4.08/SF
NOI
$55.1K $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%
$1,101,600
Cap Rate 7%
$786,857
Cap Rate 9%
$612,000
Alternative Uses
Best Use
Office B
$786.9K
$688.5K – $918.0K
NOI $55,080 @ 7.0% cap · market cap 11,016.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 15,966.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
648
Businesses Nearby
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Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
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
Frequently Asked Questions
What type of property is this?
Coworking space - Office users have shared conference-room access, utilities, internet, and entry at any hour.
Where is this coworking space located?
The property is located at 1012 NW 16th Ave. #125 Surfside Beach, SC.
What are key features of this property?
This property features: 4,500‑square‑foot executive office property; Shared conference‑room access; Electric, water, high‑speed internet, common‑area cleaning, and garbage included
