Vacation Rental Single-Family
For Sale
Contact for pricing
312 SIXTH AVE N, Myrtle Beach, SC 29577
Newly constructed single-family vacation rental designed to accommodate larger groups comfortably.
Property Size10,408 SF
Price / SF$302.56
Days on Market56
Property Features for 312 SIXTH AVE N
General Information
Standard status
Active
Size
10,408 SF
Class
A
Total Parking Spaces
12
Property subtype
Multifamily, Hospitality
Zoning
MU-H
Building Details
Year Built
2026
Buildings
4
Stories
3
Units
4
Listing Agency:
BH Capital Advisors LLC
Listed By:
Amir Tal · License #SC 134207
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 7:23AM
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 BH Capital Advisors LLC
Investment Insights
Based on property information with market context.
This offering is a new-construction single-family vacation rental presented as a one-of-a-kind unit. The property is described as sleeping up to 16 guests, making it suited for group stays rather than smaller parties.
Located at 312 Sixth Ave N in Myrtle Beach, South Carolina, the property benefits from a residential address setting within the Myrtle Beach area.
For buyers or operators seeking a larger-capacity short-term rental configuration, the stated layout capacity of up to 16 guests is the key attribute. It may be a practical fit for anyone looking for a single-family vacation rental product built for group usage, based on the information provided.
Located at 312 Sixth Ave N in Myrtle Beach, South Carolina, the property benefits from a residential address setting within the Myrtle Beach area.
For buyers or operators seeking a larger-capacity short-term rental configuration, the stated layout capacity of up to 16 guests is the key attribute. It may be a practical fit for anyone looking for a single-family vacation rental product built for group usage, based on the information provided.
Key Highlights
- New construction single‑family vacation rental designed to sleep 16
- Year built: 2026
- Single‑family vacation rental layout intended for larger groups
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$96,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,921,580
$1.9M
Cap Rate 7%
$1,372,557
$1.4M
Cap Rate 9%
$1,067,544
$1.1M
Market Conditions
NOI Build-Up for 10,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$182.3K $17.52/SF
− Vacancy
−$7.7K −$0.74/SF
EGI
$174.7K $16.78/SF
− OpEx
−$78.6K −$7.55/SF
NOI
$96.1K $9.23/SF
Area
Horry County, SC
Vacancy
4.20%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,921,580
Cap Rate 7%
$1,372,557
Cap Rate 9%
$1,067,544
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,079 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,646 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,366
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Newly constructed single-family vacation rental designed to accommodate larger groups comfortably.
Where is this short term rental property located?
The property is located at 312 SIXTH AVE N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $3,149,000.
What are key features of this property?
This property features: New construction single‑family vacation rental designed to sleep 16; Year built: 2026; Single‑family vacation rental layout intended for larger groups
