Two-Story Medical Office
For Sale
$1,299,000
10255 Beach Drive SW, Calabash, NC 28467
Flexible professional facility with private rooms, reception areas, conference space, and multiple entrances.
Property Size6,776 SF
Lot Size0.50 Acres
Price / SF$193.88
Days on Market147
Property Features for 10255 Beach Drive SW
General Information
Standard status
Active
Size
6,776 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
CA-CB
Property Condition
Severity
Repairs Needed
Evidence
currently being refreshed with new paint
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
multiple reception and waiting areas
conference and flex space
kitchen/break room
prominent marquee signage
Building Details
Building Size
6,776 SF
Year Built
1985
Buildings
1
Stories
2
Construction
Lowcountry architecture
Abandoned
No
Listing Agency:
Keller Williams Innovate South dba Core Myrtle Beach
(843) 457-2808
Listed By:
Alton J Swann · License #356198
(843) 457-2808
Source:
Thomasrealtysold
Added: Mar 28
Changed: Aug 21
Last Checked: Aug 21 at 5:28AM
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 Keller Williams Innovate South dba Core Myrtle Beach
Investment Insights
Based on property information with market context.
This two-story medical office property contains approximately 6,700 square feet with a 22-room configuration of treatment rooms and private offices. Interior areas include multiple reception and waiting spaces, conference and flex areas, three restrooms, and a kitchen or break room. Multiple exterior entrances support flexible circulation for a single occupant, separate departments, or multiple professional users. The building was constructed in 1985 and is identified as CA-CB zoning.
The property fronts Highway 179 at 10255 Beach Drive SW in Calabash, North Carolina, on approximately one-half acre. Prominent marquee signage accompanies the highway frontage. The building includes crown molding, upgraded interior trim, professional finishes, and Lowcountry-style architecture, with interior and exterior paint improvements currently being refreshed. The existing Renew Wellness Natural Health Center business, branding, furnishings, and select equipment may be available separately.
The property fronts Highway 179 at 10255 Beach Drive SW in Calabash, North Carolina, on approximately one-half acre. Prominent marquee signage accompanies the highway frontage. The building includes crown molding, upgraded interior trim, professional finishes, and Lowcountry-style architecture, with interior and exterior paint improvements currently being refreshed. The existing Renew Wellness Natural Health Center business, branding, furnishings, and select equipment may be available separately.
Key Highlights
- Approximately 6,700 SF two‑story medical office building
- 22 treatment rooms and private offices
- Three restrooms, kitchen/break room, conference space, and flex areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,092
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,701,840
$1.7M
Cap Rate 7%
$1,215,600
$1.2M
Cap Rate 9%
$945,467
$945.5K
Market Conditions
NOI Build-Up for 6,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.9K $20.88/SF
− Vacancy
−$26.4K −$3.95/SF
EGI
$113.5K $16.93/SF
− OpEx
−$28.4K −$4.23/SF
NOI
$85.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,701,840
Cap Rate 7%
$1,215,600
Cap Rate 9%
$945,467
Alternative Uses
Best Use
Office B
$1.22M
$1.06M – $1.42M
NOI $85,092 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$809.8K
$708.6K – $944.8K
NOI $56,685 @ 7.0% cap · market cap 4.36%
Theoretical Best
Multifamily LT 5
$82.04M
$71.78M – $95.71M
NOI $5,742,630 @ 7.0% cap · market cap 442.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible professional facility with private 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 $1,299,000.
What are key features of this property?
This property features: Approximately 6,700 SF two‑story medical office building; 22 treatment rooms and private offices; Three restrooms, kitchen/break room, conference space, and flex areas
