C-7 Storefront With Roll-Up
For Sale
$525,000
533 Broadway St., Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$210
Days on Market544
Property Features for 533 Broadway St.
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-7
Exterior features
220-Volt Power, Display Windows, Handicap Access, Inside Storage, Kitchen Facility, Reception Area, Restrooms - Public, Truck Doors
Accessibility
Accessible Approach with Ramp
Subdivision
16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Standard status
Active
Size
2,500 SF
Lot size
0.06 Acres
Amenities
roll-up door
Building Details
Floors in Building
1
Number of units
1
Additional Structures
Storage
Listing Agency:
Beachfront Properties
(843) 267-3712
Listed By:
Thomas Beets · License #2758
(843) 267-3712
Added: Mar 3, 2025
Changed: Aug 19
Last Checked: Aug 29 at 4:06PM
MLS# 2505194
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 2,500-square-foot storefront is offered as a building-only sale with a tenant in place. The interior includes display windows, a reception area, kitchen facilities, inside storage, public restrooms, and accessibility features including a ramp. A rear roll-up truck door supports deliveries, storage, and day-to-day business operations, while 220-Volt Power adds practical utility for commercial occupants.
The property occupies 0.06 acres at 533 Broadway St. in Myrtle Beach, within the Historic Broadway Street District and the future Kings Highway Corridor. It is also identified as part of the Arts & Innovation District. C-7 zoning is in place, with potential uses subject to applicable zoning requirements and approvals.
The property occupies 0.06 acres at 533 Broadway St. in Myrtle Beach, within the Historic Broadway Street District and the future Kings Highway Corridor. It is also identified as part of the Arts & Innovation District. C-7 zoning is in place, with potential uses subject to applicable zoning requirements and approvals.
Key Highlights
- Approximately 2,500 square feet of storefront space
- C‑7 zoning
- Tenant in place; building‑only sale
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,920
$728.9K
Cap Rate 7%
$520,657
$520.7K
Cap Rate 9%
$404,956
$405.0K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.4K $21.36/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$52.1K $20.83/SF
− OpEx
−$15.6K −$6.25/SF
NOI
$36.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$728,920
Cap Rate 7%
$520,657
Cap Rate 9%
$404,956
Alternative Uses
Best Use
Retail
$520.7K
$455.6K – $607.4K
NOI $36,446 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 41%
Home Improvements & Furnishings 5%
Waffle House
Dining
5,460 visits/mo
0.4 miles
Dollar General
Shops & Services
5,229 visits/mo
0.3 miles
AutoZone
Shops & Services
3,551 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,653 visits/mo
0.5 miles
China King
Dining
2,322 visits/mo
0.4 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - C-7-zoned storefront with display windows, interior storage, kitchen facilities, and a rear truck door.
Where is this storefront property located?
The property is located at 533 Broadway St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,500 square feet of storefront space; C‑7 zoning; Tenant in place; building‑only sale
