Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4710 Socastee Blvd, Unit Car Wash Myrtle Beach, SC 29588

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $795,000

    Commercial property with high traffic and excellent visibility.

    Property size:
    2,670 SF
    Lot size:
    0.74 Acres

    Property Features for 4710 Socastee Blvd

    General Information

    Standard status
    Pending
    Size
    2,670 SF
    Lot size
    0.74 Acres

    We can help!

    Listing Contact
    Eleonora Nora Rumbaugh
    Eleonora Nora Rumbaugh
    Source: Exitrealty

    Listing Agency: Realty ONE Group Dockside Listing Agent: Eleonora Nora Rumbaugh

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Car Wash Property For Sale

    This established commercial property is available for sale. It is situated on a 0.74-acre corner lot at the intersection of SC/707 and Socastee Blvd, benefiting from high daily traffic of 27,500 cars. The property features excellent access via two entrances and exits, along with high visibility and 150 feet of road frontage. Included in the sale are the land, building, all equipment, signage, a shed, and vacuum machines. The property includes self-service bays, one auto-touch-free 360° vacuum machine, two vending machines, and two change machines. The mechanical room has been remodeled to include a bathroom. An additional shed/office with a climate-controlled heat-and-air unit is also included. All equipment has been replaced and is in good working condition. The business is not included in the sale, and the seller is not providing any financial information. The property size is 2,670 square feet.
    Location Intelligence

    Current Use by Public Records

    Self service car ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9943748
    Latitude
    33.6839187

    Nearby Similar for Sale

    • $1,200,000
      2,741 SF

      Former Restaurant on Kings Highway

      2,741 SF former restaurant on 0.68 acres for sale.
      1204 S Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • $250,000

      Established Luxury Floral Business For Sale

      Turnkey luxury floral business with storefront in high-traffic Myrtle Beach.
      5001 Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • $3,950,000
      17,372 SF

      Myrtle Beach Hospitality Opportunity

      Turnkey hospitality property near the ocean and Sky Wheel.
      300 10Th Ave N, Myrtle Beach, SC 29577
      View Details
    • New
      $834,900
      2,416 SF

      Well-Maintained Office Building in Myrtle Beach

      Two-story office building in a central Myrtle Beach location.
      161 Mcdonald Ct, Myrtle Beach, SC 29588
      View Details
    • $799,888
      Pending

      Medical Office Near Grand Strand

      Spacious two-unit medical office near Grand Strand Medical Center.
      917/919 Medical Cir, Myrtle Beach, SC 29572
      View Details
    • $225,000
      1,200 SF

      Turnkey Tea Bar Business

      Established tea and coffee bar in Myrtle Beach for sale.
      3091 Deville St, Myrtle Beach, SC 29577
      View Details
    • $558,000

      Multifamily Income Property in Myrtle Beach

      Multifamily property with consistent rental demand in central Myrtle Beach.
      1405 Dunbar St, Myrtle Beach, SC 29577
      View Details
    • $755,000

      Myrtle Beach Multifamily Investment

      Six-unit apartment building in Myrtle Beach's downtown rental market.
      600 17Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $520,000
      2,574 SF

      Broadway Street Commercial Building

      Fully equipped commercial kitchen and modern bar in Myrtle Beach.
      403 Broadway St, Myrtle Beach, SC 29577
      View Details
    • $1,249,900
      4,400 SF

      Myrtle Beach Office Investment Opportunity

      Well-maintained office building with two fully leased units.
      4605 Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • $1,900,000
      2,000 SF

      Myrtle Beach Storage Facility Opportunity

      Self and boat storage facility with expansion potential in Myrtle Beach.
      7481 Enterprise Rd, Myrtle Beach, SC 29588
      View Details
    • $650,000

      Established Restaurant Business Opportunity

      Established 95-seat restaurant with loyal customer base in Myrtle Beach.
      Undisclosed Hwy 17 Byp, Myrtle Beach, SC 29577
      View Details

    FAQs

    What type of property is this?
    Self service car wash - Commercial property with high traffic and excellent visibility.
    Where is this self service car wash located?
    The property is located at 4710 Socastee Blvd, Unit Car Wash Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - High-traffic location on SC/707 and Socastee Blvd with 27,500 daily car count.; - 0.74-acre commercial corner lot with excellent access via 2 entrances/exits and high visibility.; - Includes land, building, all equipment, signage, shed, and vacuum machines.
    (843) 267-6134
    Request Owner's contact information
    4710 Socastee Blvd, Unit Car Wash Myrtle Beach, SC 29588
    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.
    4710 Socastee Blvd, Unit Car Wash
    Myrtle Beach, SC 29588
    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
    4710 Socastee Blvd, Unit Car Wash Myrtle Beach, SC 29588
    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

    We can help!
    Listing Contact
    Eleonora Nora Rumbaugh
    Eleonora Nora Rumbaugh
    Real Estate License ID: 115323
    (843) 267-6134 (843) 492-4030
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!