Highway-Frontage Office
200 Rodeo Dr., Myrtle Beach, SC 29579
For Sale
$2,500,000
Pending
Highway Commercial zoning, signalized access, and multiple office and flex areas define the property.
Property Size11,078 SF
Days on Market94
Property Features for 200 Rodeo Dr.
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Amenities
reception area
conference room
private offices
open workspace
showroom/flex areas
kitchenette
restrooms
storage
utility/IT rooms
Building Details
Buildings
Stories
Listing Agency:
Garden City Realty, Inc
(803) 818-5362
Listed By:
Kendall Edge (Cell
Source:
Homelandrealtygroup
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 5:28AM
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 Garden City Realty, Inc
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Investment Insights
Based on property information with market context.
This 11,078-square-foot office building occupies more than 2 acres and combines a reception area, conference room, private offices, open workspace, showroom and flex areas, kitchenette, restrooms, storage, and utility and IT rooms. The layout provides a mix of enclosed and open areas for office-based operations, professional services, or medical use.
The property fronts Highway 501 for 335 feet and benefits from signalized access, with convenient connections to Highways 501 and 31. On-site parking includes more than 90 spaces. The address is 200 Rodeo Dr., Myrtle Beach, South Carolina 29579, within a commercial corridor described as experiencing continued residential and commercial growth.
The property fronts Highway 501 for 335 feet and benefits from signalized access, with convenient connections to Highways 501 and 31. On-site parking includes more than 90 spaces. The address is 200 Rodeo Dr., Myrtle Beach, South Carolina 29579, within a commercial corridor described as experiencing continued residential and commercial growth.
Key Highlights
- 11,078‑square‑foot commercial office building on more than 2 acres
- 335 feet of frontage along Highway 501
- Signalized access with connections to Highways 501 and 31
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,645
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,312,900
$3.3M
Cap Rate 7%
$2,366,357
$2.4M
Cap Rate 9%
$1,840,500
$1.8M
Market Conditions
NOI Build-Up for 11,078 SF
Gross rent
$283.2K $25.56/SF
− Vacancy
−$7.1K −$0.64/SF
EGI
$276.1K $24.92/SF
− OpEx
−$110.4K −$9.97/SF
NOI
$165.6K $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%
$3,312,900
Cap Rate 7%
$2,366,357
Cap Rate 9%
$1,840,500
Alternative Uses
Best Use
Healthcare Medical
$2.37M
$2.07M – $2.76M
NOI $165,645 @ 7.0% cap · market cap 6.63%
Second Best
Office B
$1.94M
$1.69M – $2.26M
NOI $135,595 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,533 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 29579, SC
50,378
Population
24,320
Households
2.1
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
53.0 sq mi
ZIP Area
951
Density / Sq Mi
$72,909
Median Household Income
$39,175
Median Earnings
$1,466
Median Rent
$320,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Horry County, SC
Properties on Market for Office buildings in Horry County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Highway Commercial zoning, signalized access, and multiple office and flex areas define the property.
Where is this office building located?
The property is located at 200 Rodeo Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,078‑square‑foot commercial office building on more than 2 acres; 335 feet of frontage along Highway 501; Signalized access with connections to Highways 501 and 31
