Professional Office
For Sale
Contact for pricing
1113 44th Ave. N Suite 303 44th Ave Profe, Myrtle Beach, SC 29577
The workspace combines private offices with a bullpen, conference room, reception area and two restrooms.
Property Size1,904 SF
Price / SF$2.83
Days on Market50
Property Features for 1113 44th Ave. N Suite 303 44th Ave Profe
General Information
Standard status
Active
Size
1,904 SF
Class
Class A
Property subtype
Office
Additional Details
Floor
3
Highway Access
Yes
Property Use
Office
Amenities
reception/waiting area
5 private offices
bullpen
conference room
2 private restrooms
Building Details
Year Built
2005
Listing Agency:
CB Sea Coast Commercial
(843) 650-0998
Listed By:
John Draughn · License #8683
(843) 455-0444
Source:
Thenelsonteamsc
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
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 CB Sea Coast Commercial
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Investment Insights
Based on property information with market context.
Suite 303 offers 1,904 square feet on the third floor of the 44th Avenue Professional Building, constructed in 2005. The Class A office layout includes a reception and waiting area, five private offices, a bullpen, a conference room and two private restrooms. The suite is located in Myrtle Beach’s 44th Avenue Business District.
Access is available from Hwy 17 Bypass or Grissom Pkwy. Medical, professional and retail businesses, along with high-density residential areas, are nearby. The reported permanent population within a five-mile radius is 79,815.
Access is available from Hwy 17 Bypass or Grissom Pkwy. Medical, professional and retail businesses, along with high-density residential areas, are nearby. The reported permanent population within a five-mile radius is 79,815.
Key Highlights
- 1,904 SF of Class A office space on the third floor
- Five private offices, bullpen, reception and waiting area
- Conference room and two private restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,305
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,100
$466.1K
Cap Rate 7%
$332,929
$332.9K
Cap Rate 9%
$258,944
$258.9K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$36.6K $19.20/SF
− Vacancy
−$5.5K −$2.88/SF
EGI
$31.1K $16.32/SF
− OpEx
−$7.8K −$4.08/SF
NOI
$23.3K $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%
$466,100
Cap Rate 7%
$332,929
Cap Rate 9%
$258,944
Alternative Uses
Best Use
Office B
$332.9K
$291.3K – $388.4K
NOI $23,305 @ 7.0% cap · market cap 431.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.5K
$422.2K – $563.0K
NOI $33,778 @ 7.0% cap · market cap 626.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,216
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 - The workspace combines private offices with a bullpen, conference room, reception area and two restrooms.
Where is this office unit located?
The property is located at 1113 44th Ave. N Suite 303 44th Ave Profe Myrtle Beach, SC.
What are key features of this property?
This property features: 1,904 SF of Class A office space on the third floor; Five private offices, bullpen, reception and waiting area; Conference room and two private restrooms
