Building Details

Building Size 3,500 SF

Listing Agency: NextHome The Agency Group MB

Listed By: The Mikey Mash Pro Team · License #16695 Show Phone

Source: Thesarvergroup

Added: Jan 14, 2025 Changed: Nov 1 Last Checked: Nov 1 at 3:30PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

A 3,500-square-foot showroom property includes two offices and warehouse space along the right side of the building. Its Highway Commercial zoning supports a range of uses.

The property has approximately 250 feet of frontage on Highway 17, with separate ingress and egress. A 50-foot easement across an adjacent property provides access to the signalized intersection of Highway 17 and Mineola.

Key Highlights

• 3,500 sq ft building with two offices, a large showroom, and warehouse space
• Approx 250ft of road frontage on Hwy 17
• 20,000 ADT's on Hwy 17

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,537

Cap Rate

4.04%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,090,740 $1.1M

Cap Rate 7%

$779,100 $779.1K

Cap Rate 9%

$605,967 $606.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$68.0K $19.44/SF

− Vacancy

−$3.9K −$1.11/SF

EGI

$64.2K $18.33/SF

− OpEx

−$9.6K −$2.75/SF

NOI

$54.5K $15.58/SF

Area

Horry County, SC

Vacancy

5.70%

Lease Rate

$19.44 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,090,740

Cap Rate 7%

$779,100

Cap Rate 9%

$605,967

Alternative Uses

Best Use

Warehouse

$779.1K

$681.7K – $909.0K (±1% cap)

NOI $54,537 @ 7.0% cap · market cap 4.04%

Second Best

Retail

$728.9K

$637.8K – $850.4K (±1% cap)

NOI $51,024 @ 7.0% cap · market cap 3.78%

Theoretical Best

Office A

$887.0K

$776.2K – $1.03M (±1% cap)

NOI $62,093 @ 7.0% cap · market cap 4.60%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Atlantic Kitchens of Little ... Hardware & Home Improvement

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Storage Facility Hair Salon Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

395

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29566, SC

21,792

Population

13,437

Households

1.6

Avg Household Size

58

Median Age

25%

College-Educated

92%

High-School Grad

32.4 sq mi

ZIP Area

673

Density / Sq Mi

$63,358

Median Household Income

$36,579

Median Earnings

$1,488

Median Rent

$275,600

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Showroom - The building combines customer-facing display space with offices and warehouse area.

Where is this showroom located?

The property is located at 1630 Hwy 17 S Little River, SC.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 3,500 sq ft building with two offices, a large showroom, and warehouse space; Approx 250ft of road frontage on Hwy 17; 20,000 ADT's on Hwy 17