Professional Office
For Sale
Contact for pricing
1101 Johnson Ave. Suite 302, Myrtle Beach, SC 29577
Suite 302 is part of a larger professional office property in Market Common.
Property Size1,456 SF
Price / SF$2.25
Days on Market186
Property Features for 1101 Johnson Ave. Suite 302
General Information
Standard status
Active
Size
1,456 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
Listing Agency:
Keystone Realty MB, LLC
(843) 626-3400
Listed By:
Ryan Earnest · License #78139
(843) 693-1305
Source:
Thenelsonteamsc
Added: May 1
Changed: Nov 2
Last Checked: Nov 2 at 2:33AM
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 Keystone Realty MB, LLC
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Investment Insights
Based on property information with market context.
Office space is available at 1101 Johnson Ave., Suite 302, within The Offices at Market Common. The property contains 43,323 square feet of professional office space, and the individual suite measures 1,456 square feet.
The property is situated between Highway 17 Business and Highway 17 Bypass in Myrtle Beach, South Carolina.
The property is situated between Highway 17 Business and Highway 17 Bypass in Myrtle Beach, South Carolina.
Key Highlights
- Suite 302 contains 1,456 square feet
- Part of a 43,323‑square‑foot professional office property
- Located between Highway 17 Business and Highway 17 Bypass
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,821
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,420
$356.4K
Cap Rate 7%
$254,586
$254.6K
Cap Rate 9%
$198,011
$198.0K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$28.0K $19.20/SF
− Vacancy
−$4.2K −$2.88/SF
EGI
$23.8K $16.32/SF
− OpEx
−$5.9K −$4.08/SF
NOI
$17.8K $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%
$356,420
Cap Rate 7%
$254,586
Cap Rate 9%
$198,011
Alternative Uses
Best Use
Office B
$254.6K
$222.8K – $297.0K
NOI $17,821 @ 7.0% cap · market cap 543.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.0K
$322.9K – $430.5K
NOI $25,831 @ 7.0% cap · market cap 788.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
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
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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?
Office unit - Suite 302 is part of a larger professional office property in Market Common.
Where is this office unit located?
The property is located at 1101 Johnson Ave. Suite 302 Myrtle Beach, SC.
What are key features of this property?
This property features: Suite 302 contains 1,456 square feet; Part of a 43,323‑square‑foot professional office property; Located between Highway 17 Business and Highway 17 Bypass
