Listing Agency: Epique Realty

Listed By: Rick Stroud · License #56070 Show Phone

Source: Greathomessc

Added: Sep 29 Changed: Oct 28 Last Checked: Oct 28 at 3:29PM

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Investment Insights

Based on property information with market context.

This retail suite provides approximately 1,188 SF of space, arranged with an open area suitable for retail or office use, a private office, one restroom, and rear storage.

The unit is at Parkway Business Center on Highway 9 in Longs, with access to Highway 22 and shared parking.

Key Highlights

• Approximately 1,188 SF of retail space
• Open layout for retail or office use
• One private office, one restroom, and rear storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,319

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,380 $346.4K

Cap Rate 7%

$247,414 $247.4K

Cap Rate 9%

$192,433 $192.4K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,188 SF

Gross rent

$25.4K $21.36/SF

− Vacancy

−$634 −$0.53/SF

EGI

$24.7K $20.83/SF

− OpEx

−$7.4K −$6.25/SF

NOI

$17.3K $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%

$346,380

Cap Rate 7%

$247,414

Cap Rate 9%

$192,433

Alternative Uses

Best Use

Retail

$247.4K

$216.5K – $288.7K (±1% cap)

NOI $17,319 @ 7.0% cap · market cap 865.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$301.1K

$263.5K – $351.3K (±1% cap)

NOI $21,076 @ 7.0% cap · market cap 1,053.80%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Enloe Chiropractic Life ... Alternative Medicine Practice Heads of State Barbershop Barber Shop Signature Styles Hair ... Hair Salon Tiki Tan Tanning Salon AAA Insurance - Anthony ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Grocery & Convenience Store Storage Facility Wine and Liquor Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 29568, SC

15,287

Population

8,131

Households

1.9

Avg Household Size

52

Median Age

18%

College-Educated

92%

High-School Grad

89.5 sq mi

ZIP Area

171

Density / Sq Mi

$61,048

Median Household Income

$29,181

Median Earnings

$1,241

Median Rent

$234,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - An open commercial floor plan includes a restroom and rear storage area.

Where is this retail space located?

The property is located at 2126 Highway 9 E Unit F-5 Longs, SC.

What are key features of this property?

This property features: Approximately 1,188 SF of retail space; Open layout for retail or office use; One private office, one restroom, and rear storage