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

    1479 Highway 17 Little River, SC 29566

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Over an acre with frontage on Highway 17.

    Lot size:
    1.40 Acres

    Property Features for 1479 Highway 17

    General Information

    Standard status
    Pending
    Lot size
    1.40 Acres

    We can help!

    Listing Contact
    Kenny Sherman Team
    Source: Exitrealty

    Listing Agency: CB Sea Coast Advantage NMB Listing Agent: Kenny Sherman Team

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

    Learn more

    Overview

    Commercial Property on Highway 17

    This commercial property, over an acre in size, is located on a corner lot in Little River on Highway 17, which sees over 60,000 cars per day. The property features 225 feet of frontage. The property currently generates income from a cleaning company (Royal Maids) and a 10-unit apartment building. Little River is experiencing rapid growth, and Highway 17 frontage is limited. The location is approximately 5 minutes from North Myrtle Beach, 5 minutes from Calabash, NC, and 15 minutes from Sunset Beach, NC. The property's location offers long summers and short winters, with temperatures rarely falling below 25 degrees or exceeding 92 degrees.
    Location Intelligence

    Current Use by Public Records

    Royal Maids LLC Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Little River
    County
    Horry
    State
    South Carolina
    Longitude
    -78.618864
    Latitude
    33.8751467

    Nearby Similar for Sale

    • $30,000
      0.01 Acres

      Boat Slip in Gated Community

      Boat slip with Intracoastal Waterway and Atlantic Ocean access.
      4396 Baldwin Ave, Little River, SC 29566
      View Details
    • $35,000
      0.01 Acres

      Boat Slip in Gated Community

      Boat slip with Intracoastal Waterway access in Little River.
      4396 Baldwin Ave, Little River, SC 29566
      View Details
    • $1,500,000
      7,486 SF

      Charming Motel in Little River

      Roadside motel with US-17 frontage, near waterfront and beaches.
      1443 Highway 17, Little River, SC 29566
      View Details
    • New
      $1,295,000
      Pending

      Commercial Property on Highway 17

      Over an acre on Highway 17 with existing cash flow.
      1479/1471 Highway 17, Little River, SC 29566
      View Details
    • $399,000
      Pending

      Little River Acreage with Apartment

      Updated home with garage, apartment, and investment potential.
      1304 Oscar Rd, Little River, SC 29566
      View Details
    • $399,000
      Pending

      Little River Acreage with Garage

      1.33 acre property with home, garage, and apartment.
      1304 Oscar Rd, Little River, SC 29566
      View Details
    • Contact for pricing
      Pending

      Deep Water Boat Slip For Sale

      Deep water boat slip with easy ocean access and amenities.
      4396 Baldwin Ave, Little River, SC 29566
      View Details
    • Contact for pricing
      Pending

      Prime Boat Slip Near Waterway

      25'-30' boat slip in gated community near Intracoastal Waterway.
      4396 Baldwin Ave, Little River, SC 29566
      View Details
    • $2,500,000

      Restaurant Business and Property For Sale

      Restaurant business and property available for purchase.
      4269 Luck Ave, Little River, SC 29566
      View Details
    • $75,000
      0.01 Acres

      38 Foot Boat Slip For Sale

      38-foot boat slip with amenities in Little River, SC.
      714 Highway 17, Little River, SC 29566
      View Details
    • $189,900

      Little River Townhome-Style Condo

      Well-maintained 3-bedroom condo in Merritt Park, Little River.
      108 Barnacle Ln, Little River, SC 29566
      View Details
    • Contact for pricing
      Pending

      Commercial Property on Highway 17

      Over an acre with highway frontage and cash flow.
      1479/1471 Highway 17, Little River, SC 29566
      View Details

    FAQs

    What type of property is this?
    Commercial land - Over an acre with frontage on Highway 17.
    Where is this commercial land located?
    The property is located at 1479 Highway 17 Little River, SC.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 17 in Little River with over 60,000 cars per day.; - Over an acre of commercial property on a corner lot with 225 feet of frontage, suitable for a national tenant.; - Existing cash flow from a cleaning company (Royal Maids) and a 10-unit apartment building.
    (843) 280-1232
    Request Owner's contact information
    1479 Highway 17 Little River, SC 29566
    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.
    1479 Highway 17
    Little River, SC 29566
    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
    1479 Highway 17 Little River, SC 29566
    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
    Kenny Sherman Team
    (843) 280-1232
    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!