Office and Retail Space
For Sale
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2003 N Oak St, Myrtle Beach, SC 29577
15,792 SqFt office and retail space for sale.
Property Size15,792 SF
Price / SF$392.60
Days on Market210
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Property Features for 2003 N Oak St
General Information
Standard status
Active
Size
15,792 SF
Class
B
Property subtype
Office, Retail
Occupancy
50%
Lease Type
NNN
Building Details
Year Built
1994
Buildings
1
Stories
2
Listing Agency:
Oswald Cooke & Associates
Listed By:
Samuel Brown · License #SC1378143
(843) 388-5650
Source:
Crexi
Added: Mar 20
Changed: Oct 13
Last Checked: Oct 14 at 10:41PM
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 Oswald Cooke & Associates
Investment Insights
Based on property information with market context.
This commercial real estate property offers 15,792 square feet of space suitable for office and retail use. Located in Myrtle Beach, South Carolina, the property is available for sale.
Key Highlights
- Office property available.
- 15,792 SqFt of space.
- Built in 1994.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,219
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,604,380
$4.6M
Cap Rate 7%
$3,288,843
$3.3M
Cap Rate 9%
$2,557,989
$2.6M
Market Conditions
NOI Build-Up for 15,792 SF
Gross rent
$337.3K $21.36/SF
− Vacancy
−$8.4K −$0.53/SF
EGI
$328.9K $20.83/SF
− OpEx
−$98.7K −$6.25/SF
NOI
$230.2K $14.58/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,604,380
Cap Rate 7%
$3,288,843
Cap Rate 9%
$2,557,989
Alternative Uses
Best Use
Retail
$3.29M
$2.88M – $3.84M
NOI $230,219 @ 7.0% cap · market cap 3.71%
Second Best
Office B
$2.76M
$2.42M – $3.22M
NOI $193,294 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,163 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,399
Businesses Nearby
Well-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Precision Audio & Video LLC — Myrtle Beach, SC 29577
- GlobalTech Solutions — 1000 21st ave n # 7, myrtle beach, sc 29577
- MyCrashProoPC — 3001 n kings hwy, myrtle beach, sc 29577
Frequently Asked Questions
What type of property is this?
Office space - 15,792 SqFt office and retail space for sale.
Where is this office space located?
The property is located at 2003 N Oak St Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Office property available.; 15,792 SqFt of space.; Built in 1994.
