Multi-Office Professional
For Sale
Contact for pricing
1113 44th Ave. N Suite 300 44th Ave Profe, Myrtle Beach, SC 29577
Class A workspace on the third floor includes private offices, collaborative bullpen areas, a conference room, and a kitchenette.
Property Size4,563 SF
Price / SF$2.83
Days on Market50
Property Features for 1113 44th Ave. N Suite 300 44th Ave Profe
General Information
Standard status
Active
Size
4,563 SF
Net Rentable
4,563 SF
Class
Class A
Property subtype
Office
Additional Details
Floor
3
Highway Access
Yes
Office Units
1
Property Use
Office
Building Details
Year Built
2005
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: Sep 14
Changed: Nov 2
Last Checked: Nov 2 at 2:39AM
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 The Dieter Company
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Investment Insights
Based on property information with market context.
Located on the third floor of the 44th Avenue Professional Building, this 4,563-RSF Class A office suite was built in 2005. Its layout includes a reception area and windowed reception office, eight private offices, two bullpen areas, a conference room, work room/IT space, multiple file and storage rooms, a kitchenette with sink, and two restrooms.
The property is in Myrtle Beach’s 44th Avenue Business District, with access via Hwy 17 Bypass or Grissom Pkwy. Medical, professional, retail, and high-density residential uses are nearby. The permanent population within a five-mile radius is 79,815.
The property is in Myrtle Beach’s 44th Avenue Business District, with access via Hwy 17 Bypass or Grissom Pkwy. Medical, professional, retail, and high-density residential uses are nearby. The permanent population within a five-mile radius is 79,815.
Key Highlights
- 4,563 RSF on the building’s third floor
- Class A office suite built in 2005
- Eight private offices, two bullpen areas, and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,851
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,020
$1.1M
Cap Rate 7%
$797,871
$797.9K
Cap Rate 9%
$620,567
$620.6K
Market Conditions
NOI Build-Up for 4,563 SF
Gross rent
$87.6K $19.20/SF
− Vacancy
−$13.1K −$2.88/SF
EGI
$74.5K $16.32/SF
− OpEx
−$18.6K −$4.08/SF
NOI
$55.9K $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%
$1,117,020
Cap Rate 7%
$797,871
Cap Rate 9%
$620,567
Alternative Uses
Best Use
Office B
$797.9K
$698.1K – $930.9K
NOI $55,851 @ 7.0% cap · market cap 431.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,951 @ 7.0% cap · market cap 626.12%
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
1
Office units
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Class A workspace on the third floor includes private offices, collaborative bullpen areas, a conference room, and a kitchenette.
Where is this office unit located?
The property is located at 1113 44th Ave. N Suite 300 44th Ave Profe Myrtle Beach, SC.
What are key features of this property?
This property features: 4,563 RSF on the building’s third floor; Class A office suite built in 2005; Eight private offices, two bullpen areas, and a conference room
