Medical Office with Dental
For Sale
Contact for pricing
1947 Glenns Bay Road, Surfside Beach, SC 29575
Existing clinical configuration includes operatories, orthodontic bays, a laboratory, and patient reception areas.
Property Size2,776 SF
Price / SF$210
Days on Market56
Property Features for 1947 Glenns Bay Road
General Information
Standard status
Active
Size
2,776 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Tradd Commercial, LLC Myrtle Beach
Listed By:
Adam Cates, CCIM, SIOR · License #SC 60056
(843) 333-4190
Source:
Crexi
Added: Sep 5
Changed: Oct 26
Last Checked: Oct 28 at 8:42AM
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, LLC Myrtle Beach
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Investment Insights
Based on property information with market context.
This 2,776-square-foot medical office building on Glenns Bay Road includes an established clinical layout suited to dental, periodontic, or endodontic operations. The interior provides a lobby, reception area, administrative office, physician office, consultation room, two restrooms, five operatories, three orthodontic bays, a laboratory, kitchen, and two storage closets. Infrastructure is already in place for these practice types.
The property is in Surfside Beach, within a submarket described as having more than 108,000 residents reachable within 15 minutes. Glenns Bay Road, Surfside Drive, and Holmestown Road connect the site with Highways 17 Business, 17 Bypass, and 707, while access extends toward populations along Highway 31 and in Myrtle Beach.
The property is in Surfside Beach, within a submarket described as having more than 108,000 residents reachable within 15 minutes. Glenns Bay Road, Surfside Drive, and Holmestown Road connect the site with Highways 17 Business, 17 Bypass, and 707, while access extends toward populations along Highway 31 and in Myrtle Beach.
Key Highlights
- 2,776‑square‑foot medical office building fronting Glenns Bay Road
- Buildout includes 5 operatories, 3 ortho bays, and a lab
- Interior provides lobby, reception, administrative and doctor offices
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Existing clinical configuration includes operatories, orthodontic bays, a laboratory, and patient reception areas.
Where is this medical office space located?
The property is located at 1947 Glenns Bay Road Surfside 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 building fronting Glenns Bay Road; Buildout includes 5 operatories, 3 ortho bays, and a lab; Interior provides lobby, reception, administrative and doctor offices
