Medical Office with Dental
1947 Glenns Bay Rd, Myrtle Beach, SC 29575
For Sale
New
Contact for pricing
Existing systems support periodontic and dental practice use.
Property Size2,776 SF
Price / SF$210
Days on Market7
Property Features for 1947 Glenns Bay Rd
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Medical Specialty
Listing Agency:
Tradd Commercial | Myrtle Beach
Listed By:
Adam Cates, CCIM, SIOR · License #60056
(843) 839-9777
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 8 at 5:42AM
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 | Myrtle Beach
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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.
This 2,776-square-foot medical office property in Myrtle Beach has infrastructure configured for periodontic or dental operations. The existing setup supports those clinical uses without relying on a generic office layout.
The property is near a high-density residential submarket, placing it within a residentially concentrated area.
The property is near a high-density residential submarket, placing it within a residentially concentrated area.
Key Highlights
- 2,776‑square‑foot medical office space
- Infrastructure supports periodontic or dental operations
- Near a high‑density residential submarket
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,508
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,160
$830.2K
Cap Rate 7%
$592,971
$593.0K
Cap Rate 9%
$461,200
$461.2K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$71.0K $25.56/SF
− Vacancy
−$1.8K −$0.64/SF
EGI
$69.2K $24.92/SF
− OpEx
−$27.7K −$9.97/SF
NOI
$41.5K $14.95/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,160
Cap Rate 7%
$592,971
Cap Rate 9%
$461,200
Alternative Uses
Best Use
Healthcare Medical
$593.0K
$518.9K – $691.8K
NOI $41,508 @ 7.0% cap · market cap 7.12%
Second Best
Office B
$485.4K
$424.7K – $566.3K
NOI $33,978 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$703.5K
$615.6K – $820.8K
NOI $49,248 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29575, SC
18,135
Population
16,761
Households
1.1
Avg Household Size
57
Median Age
33%
College-Educated
96%
High-School Grad
10.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$72,029
Median Household Income
$38,182
Median Earnings
$1,234
Median Rent
$278,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Horry County, SC
Properties on Market for Medical Office Space in Horry County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing systems support periodontic and dental practice use.
Where is this medical office space located?
The property is located at 1947 Glenns Bay Rd Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $582,960.
What are key features of this property?
This property features: 2,776‑square‑foot medical office space; Infrastructure supports periodontic or dental operations; Near a high‑density residential submarket
