Five-Office Professional
For Sale
Contact for pricing
1401 Hwy 17 S, North Myrtle Beach, SC 29582
A shared meeting and kitchen area serves five private offices within an existing rental management office.
Property Size2,376 SF
Price / SF$1.47
Days on Market217
Property Features for 1401 Hwy 17 S
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Property Use
Office
Amenities
shared meeting/kitchen space
Listing Agency:
Elliott Commercial Real Estate
(843) 249-1406
Listed By:
Ron Jackson · License #59565
(843) 457-5522
Source:
Thenelsonteamsc
Added: Mar 31
Changed: Nov 1
Last Checked: Nov 1 at 4:00PM
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 Elliott Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Five private offices are available within an established rental management office, with a shared meeting and kitchen area serving the suite. The property contains 2,376 square feet.
Located at 1401 Hwy 17 S in North Myrtle Beach, the office space fronts Hwy 17 South. The configuration is suited to professional service operations, including lenders, accountants, and insurance providers.
Located at 1401 Hwy 17 S in North Myrtle Beach, the office space fronts Hwy 17 South. The configuration is suited to professional service operations, including lenders, accountants, and insurance providers.
Key Highlights
- Five private office spaces
- Shared meeting and kitchen area
- 2,376 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,082
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,640
$581.6K
Cap Rate 7%
$415,457
$415.5K
Cap Rate 9%
$323,133
$323.1K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$45.6K $19.20/SF
− Vacancy
−$6.8K −$2.88/SF
EGI
$38.8K $16.32/SF
− OpEx
−$9.7K −$4.08/SF
NOI
$29.1K $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%
$581,640
Cap Rate 7%
$415,457
Cap Rate 9%
$323,133
Alternative Uses
Best Use
Office B
$415.5K
$363.5K – $484.7K
NOI $29,082 @ 7.0% cap · market cap 830.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$602.2K
$526.9K – $702.5K
NOI $42,152 @ 7.0% cap · market cap 1,204.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 29582, SC
18,897
Population
27,559
Households
0.7
Avg Household Size
62
Median Age
38%
College-Educated
94%
High-School Grad
21.9 sq mi
ZIP Area
863
Density / Sq Mi
$71,030
Median Household Income
$36,906
Median Earnings
$1,194
Median Rent
$370,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A shared meeting and kitchen area serves five private offices within an existing rental management office.
Where is this office unit located?
The property is located at 1401 Hwy 17 S North Myrtle Beach, SC.
What are key features of this property?
This property features: Five private office spaces; Shared meeting and kitchen area; 2,376 square feet
