Flex Industrial Facility with
For Sale
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1659 American Way, Myrtle Beach, SC 29577
Flex industrial facility combining office buildout with a warehouse featuring two 14' drive-in doors.
Property Size4,989 SF
Price / SF$1.18
Days on Market94
Property Features for 1659 American Way
General Information
Standard status
Active
Size
4,989 SF
Warehouse & Industrial
Warehouse Space
1,700 SF
Drive-In Doors
2
Amenities
conference room
break room
reception area
Building Details
Building Size
4,989 SF
Listing Agency:
Tradd Commercial
(843) 839-9777
Listed By:
Christopher Chapman
(843) 251-2715
Source:
Edgarwilson
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 2:07PM
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.
1659 American Way is a 4,989 square foot flex industrial facility offering a balanced combination of office and warehouse space. The office layout includes three offices, a conference room, a break room, and a reception area, supporting administrative and customer-facing operations. The approximately 1,700 square foot warehouse includes two 14' drive-in doors for convenient loading and access.
The flexible configuration is described as well-suited for contractors, service companies, engineering firms, distributors, and light assembly, especially for users that want a professional office environment with warehouse capabilities.
The facility’s mix of office space and drive-in warehouse access provides a practical setup for organizations that need both day-to-day administrative space and efficient handling of equipment, inventory, or work materials.
The flexible configuration is described as well-suited for contractors, service companies, engineering firms, distributors, and light assembly, especially for users that want a professional office environment with warehouse capabilities.
The facility’s mix of office space and drive-in warehouse access provides a practical setup for organizations that need both day-to-day administrative space and efficient handling of equipment, inventory, or work materials.
Key Highlights
- 4,989 SF flex industrial facility with office and warehouse space
- Office buildout includes three offices, conference room, break room, and reception area
- Approximately 1,700 SF warehouse component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,200
$653.2K
Cap Rate 7%
$466,571
$466.6K
Cap Rate 9%
$362,889
$362.9K
Market Conditions
NOI Build-Up for 4,989 SF
Gross rent
$53.3K $10.68/SF
− Vacancy
−$3.0K −$0.61/SF
EGI
$50.2K $10.07/SF
− OpEx
−$17.6K −$3.52/SF
NOI
$32.7K $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%
$653,200
Cap Rate 7%
$466,571
Cap Rate 9%
$362,889
Alternative Uses
Best Use
Warehouse
$1.11M
$971.7K – $1.30M
NOI $77,739 @ 7.0% cap · market cap 1,319.85%
Second Best
Industrial
$914.6K
$800.3K – $1.07M
NOI $64,021 @ 7.0% cap · market cap 1,086.94%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,509 @ 7.0% cap · market cap 1,502.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
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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
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial facility combining office buildout with a warehouse featuring two 14' drive-in doors.
Where is this flex space located?
The property is located at 1659 American Way Myrtle Beach, SC.
What are key features of this property?
This property features: 4,989 SF flex industrial facility with office and warehouse space; Office buildout includes three offices, conference room, break room, and reception area; Approximately 1,700 SF warehouse component
