Retail Space Near Major
For Sale
Contact for pricing
1040 Oak Forest Ln. Unit 2, Myrtle Beach, SC 29577
Highway 17 Bypass and Highway 501 provide access near Coastal Grand Mall and several national retailers.
Property Size1,556 SF
Price / SF$3.50
Days on Market41
Property Features for 1040 Oak Forest Ln. Unit 2
General Information
Standard status
Active
Size
1,556 SF
Property subtype
Retail
Listing Agency:
Epique Realty
Listed By:
Rick Stroud
(864) 479-1189
Source:
Greathomessc
Added: Sep 23
Changed: Oct 31
Last Checked: Oct 31 at 2:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,556-square-foot retail space includes 290 feet of frontage on Oak Forest Lane. The property is near Coastal Grand Mall, Wal-Mart Supercenter, Home Depot, Home Goods, Total Wine, Michaels, Golden Corral, Verizon Wireless, restaurants, and other retail businesses.
Highway 17 Bypass and Highway 501 are accessible from the property. The nearby retail mix includes shopping, dining, and service businesses.
Highway 17 Bypass and Highway 501 are accessible from the property. The nearby retail mix includes shopping, dining, and service businesses.
Key Highlights
- 1,556± SF of retail space
- 290 feet of frontage on Oak Forest Lane
- Access to Highway 17 Bypass and Highway 501
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,684
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,680
$453.7K
Cap Rate 7%
$324,057
$324.1K
Cap Rate 9%
$252,044
$252.0K
Market Conditions
NOI Build-Up for 1,556 SF
Gross rent
$33.2K $21.36/SF
− Vacancy
−$831 −$0.53/SF
EGI
$32.4K $20.83/SF
− OpEx
−$9.7K −$6.25/SF
NOI
$22.7K $14.58/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,680
Cap Rate 7%
$324,057
Cap Rate 9%
$252,044
Alternative Uses
Best Use
Retail
$324.1K
$283.6K – $378.1K
NOI $22,684 @ 7.0% cap · market cap 416.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$394.4K
$345.1K – $460.1K
NOI $27,605 @ 7.0% cap · market cap 506.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
658k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 23%
Superstores 22%
Shops & Services 17%
Apparel 10%
Walmart
Superstores
141,527 visits/mo
0.3 miles
Total Wine & More
Groceries
60,681 visits/mo
0.0 miles
Belk
Apparel
60,439 visits/mo
0.5 miles
Best Buy
Electronics
47,004 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
38,830 visits/mo
0.1 miles
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Highway 17 Bypass and Highway 501 provide access near Coastal Grand Mall and several national retailers.
Where is this retail space located?
The property is located at 1040 Oak Forest Ln. Unit 2 Myrtle Beach, SC.
What are key features of this property?
This property features: 1,556± SF of retail space; 290 feet of frontage on Oak Forest Lane; Access to Highway 17 Bypass and Highway 501
