Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Plantation Point Title is generated by Realmo AI

    1241 38th Ave N, Myrtle Beach, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a busy Myrtle Beach shopping center.

    Type:RETAIL
    Property size:
    1,452 SF
    Lot size:
    16.94 Acres
    Added:
    Apr 21, 2025
    Days on Market:
    400
    Last Refresh:
    Apr 5 at 8:58 pm

    Property Features for 1241 38th Ave N

    General Information

    Standard status
    Active
    Size
    1,452 SF
    Lot size
    16.94 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1241 38th Ave N Contact us

    We can help!

    Listing Contact
    Jimmy Conder

    Listing agent Jimmy Conder

    Listing office Rivercrest Realty Investors

    Listing date Apr 21, 2025

    Source Moodyscre

    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 Rivercrest Realty Investors

    HighLights

    • Prime retail center location at the intersection of Hwy 17 Bypass and 38th Ave in Myrtle Beach, SC.
    • Anchored by Food Lion, a major grocery store.
    • Good mix of national and local retailers including Eggs Up Grill and Firehouse Subs.
    • High traffic counts on US 17, averaging 41,200 cars per day.
    • Convenient to Myrtlewood Golf Club, Myrtle Beach High School and Broadway at the Beach.
    • Outparcels occupied by CVS, McDonald's, Zaxby's and Salsarita's.

    Overview

    Plantation Point Plaza is a retail center located at the intersection of Hwy 17 Bypass and 38th Ave in Myrtle Beach, SC. The property is near Myrtlewood Golf Club, Myrtle Beach High School and Broadway at the Beach. Anchored by Food Lion, the center includes national and local retailers such as Eggs Up Grill, Firehouse Subs, Great Clips, and Mulan Japanese Restaurant. CVS, McDonald's, Zaxby's and Salsarita's occupy adjoining outparcels. Traffic counts on US 17 average 41,200 cars per day. A 1,452 square foot retail space is available, with dimensions of 20'-8" x 70'-3". Note that internet cafes are not permitted.
    Location Intelligence

    Current Use by Public Records

    Food Lion Grocery & Convenience Store Peter F. Hughes, ... Pharmacy Closed Pharmacy Western Union Bank Coinstar Kiosk | Bitcoin ... Atm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — 1241 38th Ave N, Myrtle Beach, SC 29577

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.869
    Latitude
    33.7248

    Nearby Similar for Lease

    • $500/Mo
      90 SF

      Private Office Space For Lease

      Move-in-ready private offices with flexible terms in Myrtle Beach.
      415 79th Ave. N, Myrtle Beach, SC 29572
      View Details
    • $4,750/Mo
      4,110 SF

      Versatile Flex Space in Myrtle Beach

      Two-story flex space ideal for office, retail, and warehouse uses.
      716 8th Ave. N, Myrtle Beach, SC 29577
      View Details
    • $5,000/Mo
      2,230 SF

      Professional Office Building in Myrtle Beach

      Well-maintained office building in the heart of Myrtle Beach.
      607 19th Ave. N, Myrtle Beach, SC 29577
      View Details
    • $3,276/Mo
      1,456 SF

      Office Space in Market Common

      Professional office space in a dynamic Myrtle Beach community.
      1101 Johnson Ave., Myrtle Beach, SC 29577
      View Details
    • $3,710/Mo
      2,400 SF

      Office Space with Private Offices

      Office space featuring private executive offices and shared parking.
      2102 Cromley Circle, Myrtle Beach, SC 29577
      View Details
    • $4,232/Mo
      1,539 SF

      Class A Office Suites Leasing

      Premium professional office suites in a Class A development.
      4559 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $6,118/Mo
      2,225 SF

      Class A Office Suites Leasing

      Premium professional office suites in Myrtle Beach, available for lease.
      4559 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $24,000 SF/Yr
      12,000 SF

      Class A Office Building

      Office building near amenities, tenants in place until 2027.
      601 21st Ave. N, Myrtle Beach, SC 29577
      View Details
    • $6,118/Mo
      2,225 SF

      Class A Office Suites Leasing

      Premium professional office suites available in desirable Myrtle Beach location.
      4559 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $4,360/Mo
      1,539 SF

      Class A Office Suites Leasing

      Premium professional office suites in a Class A development.
      4559 Oleander Dr., Myrtle Beach, SC 29577
      View Details
    • $2,080/Mo
      2,080 SF

      Second-Floor Office Space For Lease

      Spacious 2,080 sq ft office suite with elevator access.
      4221 N Kings Hwy., Myrtle Beach, SC 29577
      View Details
    • $7,686/Mo
      7,686 SF

      Myrtle Beach Mezzanine Retail Space

      Second floor mezzanine with retail, event, and experiential potential.
      301 S Kings Highway, Myrtle Beach, SC 29577
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a busy Myrtle Beach shopping center.
    Where is this shopping center located?
    The property is located at 1241 38th Ave N Myrtle Beach, SC.
    What are key features of this property?
    This property features: Prime retail center location at the intersection of Hwy 17 Bypass and 38th Ave in Myrtle Beach, SC.; Anchored by Food Lion, a major grocery store.; Good mix of national and local retailers including Eggs Up Grill and Firehouse Subs.
    (919) 926-3115 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jimmy Conder
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1241 38th Ave N, Myrtle Beach, SC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!