Building Details

Year Built 1985

Listing Agency: Bay Street Realty Group Show Phone

Listed By: Todd McDaniel · License #19272 Show Phone

Source: Baystreetrealtygroup

Added: Jul 9 Changed: Oct 13 Last Checked: Oct 12 at 6:10PM

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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 Bay Street Realty Group

Investment Insights

Based on property information with market context.

Built in 1985, this two-story medical office property presents a flexible professional layout with approximately 22 offices or treatment rooms, multiple reception and waiting areas, conference and flex spaces, three restrooms, and a kitchen or break room. Multiple front and side entrances support separate areas within the building, while marquee signage and a Low-Country architectural design add identifiable street presence. Interior and exterior paint is currently being refreshed, and the property includes crown molding and upgraded interior trim.

The building is located at 10255 Beach Dr SW in Calabash, less than one mile from the South Carolina state line at Little River. The approximately ½-acre property has on-site parking and frontage along Highway 179, with access to Calabash, Carolina Shores, Little River, North Myrtle Beach, Sunset Beach, Ocean Isle Beach, Shallotte, and Myrtle Beach.

Key Highlights

• Approximately 22 offices or treatment rooms
• Multiple reception, waiting, conference, and flex areas
• Three restrooms plus kitchen or break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,057

Cap Rate

6.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,721,140 $1.7M

Cap Rate 7%

$1,229,386 $1.2M

Cap Rate 9%

$956,189 $956.2K

Market Conditions

NOI Build-Up for 6,776 SF

Gross rent

$141.5K $20.88/SF

− Vacancy

−$26.7K −$3.95/SF

EGI

$114.7K $16.93/SF

− OpEx

−$28.7K −$4.23/SF

NOI

$86.1K $12.70/SF

Area

Brunswick County, NC

Vacancy

18.90%

Lease Rate

$20.88 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,721,140

Cap Rate 7%

$1,229,386

Cap Rate 9%

$956,189

Alternative Uses

Best Use

Office B

$1.23M

$1.08M – $1.43M (±1% cap)

NOI $86,057 @ 7.0% cap · market cap 6.95%

Second Best

Healthcare Medical

$819.0K

$716.6K – $955.5K (±1% cap)

NOI $57,328 @ 7.0% cap · market cap 4.63%

Theoretical Best

Multifamily LT 5

$82.97M

$72.60M – $96.80M (±1% cap)

NOI $5,807,770 @ 7.0% cap · market cap 468.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Electrical Service HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

221

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 28467, NC

11,770

Population

8,098

Households

1.5

Avg Household Size

65

Median Age

31%

College-Educated

97%

High-School Grad

17.4 sq mi

ZIP Area

676

Density / Sq Mi

$72,840

Median Household Income

$38,909

Median Earnings

$1,346

Median Rent

$281,000

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Flexible professional layout with treatment rooms, reception areas, conference space, and multiple entrances.

Where is this medical office space located?

The property is located at 10255 Beach Drive SW Calabash, NC.

What is the asking price?

The asking price for this property is $1,239,000.

What are key features of this property?

This property features: Approximately 22 offices or treatment rooms; Multiple reception, waiting, conference, and flex areas; Three restrooms plus kitchen or break room