Flex Building with
1636 American Way, Myrtle Beach, SC 29577
For Sale
Contact for pricing
Separate office and warehouse areas support a range of business operations.
Property Size4,975 SF
Price / SF$2.90
Days on Market47
Property Features for 1636 American Way
General Information
Standard status
Size
Warehouse & Industrial
Clear Span
Warehouse Space
Office Build-Out
Additional Details
Road Access
Building Details
Buildings
Building Size
Listing Agency:
Tradd Commercial
(843) 839-9777
Listed By:
Joseph Ganassa · License SC #119174
(301) 461-2593
Source:
Edgarwilson
Added: Sep 26
Changed: Nov 9
Last Checked: Nov 10 at 8:12AM
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 Tradd Commercial
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Investment Insights
Based on property information with market context.
This flex building at 1636 American Way contains 4,975 square feet, divided between 1,600 square feet of office space and 3,375 square feet of warehouse area. The office buildout includes multiple offices, an administrative area, restrooms, and a conference room. The warehouse has a clear-span layout, 14-foot eaves, and two overhead doors measuring 10 feet by 12 feet each.
The property is in North Industrial Park, with access to Highways 501, 17 Business, 17 Bypass, and 31. American Way connects directly with Harrelson Boulevard and George Bishop Parkway, providing routes toward the Atlantic Oceanfront’s tourist and commercial areas. Nearby businesses include A&I Restoration, Johnson Controls, Gateway Supply, Duncan Parnell, Orkin, and Coastal Fasteners.
The property is in North Industrial Park, with access to Highways 501, 17 Business, 17 Bypass, and 31. American Way connects directly with Harrelson Boulevard and George Bishop Parkway, providing routes toward the Atlantic Oceanfront’s tourist and commercial areas. Nearby businesses include A&I Restoration, Johnson Controls, Gateway Supply, Duncan Parnell, Orkin, and Coastal Fasteners.
Key Highlights
- 4,975‑square‑foot flex building with office and warehouse areas
- Office buildout includes multiple offices, an administrative area, restrooms, and a conference room
- Warehouse area measures 3,375 square feet and has a clear‑span layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,093
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,860
$261.9K
Cap Rate 7%
$187,043
$187.0K
Cap Rate 9%
$145,478
$145.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$21.4K $10.68/SF
− Vacancy
−$1.2K −$0.61/SF
EGI
$20.1K $10.07/SF
− OpEx
−$7.0K −$3.52/SF
NOI
$13.1K $6.55/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$261,860
Cap Rate 7%
$187,043
Cap Rate 9%
$145,478
Alternative Uses
Best Use
Warehouse
$445.2K
$389.6K – $519.4K
NOI $31,164 @ 7.0% cap
Second Best
Industrial
$366.6K
$320.8K – $427.8K
NOI $25,665 @ 7.0% cap
Theoretical Best
Office A
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
$273,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Horry County, SC
Properties on Market for Flex space in Horry County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Separate office and warehouse areas support a range of business operations.
Where is this flex space located?
The property is located at 1636 American Way Myrtle Beach, SC.
What are key features of this property?
This property features: 4,975‑square‑foot flex building with office and warehouse areas; Office buildout includes multiple offices, an administrative area, restrooms, and a conference room; Warehouse area measures 3,375 square feet and has a clear‑span layout
