Industrial Warehouse and Flex
For Sale
Contact for pricing
3835 Socastee Blvd, Myrtle Beach, SC 29588
Industrial warehouse and flex space totaling 15,000 sq. ft. available for sale.
Property Size15,000 SF
Price / SF$96.67
Days on Market206
Property Features for 3835 Socastee Blvd
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Industrial, Mixed Use, Office
Lease Type
NNN
Listing Agency:
HB Springs Co. Commercial Real Estate
Listed By:
Van Davenport · License #SC
Source:
Crexi
Added: Mar 31
Changed: Oct 3
Last Checked: Oct 20 at 5:23PM
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 HB Springs Co. Commercial Real Estate
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Investment Insights
Based on property information with market context.
This property is an industrial warehouse and flex space with a total size of 15,000 sq. ft. It is being offered for sale.
The asset is located at 3835 Socastee Blvd in Myrtle Beach, SC, and presents an industrial configuration intended to support both warehousing and flexible space needs.
Offered as a single property, it is listed as an industrial warehouse within the overall flex and industrial property type mix.
The asset is located at 3835 Socastee Blvd in Myrtle Beach, SC, and presents an industrial configuration intended to support both warehousing and flexible space needs.
Offered as a single property, it is listed as an industrial warehouse within the overall flex and industrial property type mix.
Key Highlights
- Industrial warehouse and flex space totaling 15,000 sq. ft.
- 15,000 sq. ft. industrial space available for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,195
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,900
$2.0M
Cap Rate 7%
$1,402,786
$1.4M
Cap Rate 9%
$1,091,056
$1.1M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$160.2K $10.68/SF
− Vacancy
−$9.1K −$0.61/SF
EGI
$151.1K $10.07/SF
− OpEx
−$52.9K −$3.52/SF
NOI
$98.2K $6.55/SF
Area
Horry County, SC
Vacancy
5.70%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,963,900
Cap Rate 7%
$1,402,786
Cap Rate 9%
$1,091,056
Alternative Uses
Best Use
Warehouse
$3.34M
$2.92M – $3.90M
NOI $233,732 @ 7.0% cap · market cap 16.12%
Second Best
Industrial
$2.75M
$2.41M – $3.21M
NOI $192,485 @ 7.0% cap · market cap 13.27%
Theoretical Best
Office A
$3.80M
$3.33M – $4.44M
NOI $266,112 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
549
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 29588, SC
48,113
Population
22,223
Households
2.2
Avg Household Size
45
Median Age
26%
College-Educated
92%
High-School Grad
42.0 sq mi
ZIP Area
1,146
Density / Sq Mi
$66,854
Median Household Income
$34,518
Median Earnings
$1,220
Median Rent
$241,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial warehouse and flex space totaling 15,000 sq. ft. available for sale.
Where is this flex space located?
The property is located at 3835 Socastee Blvd Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Industrial warehouse and flex space totaling 15,000 sq. ft.; 15,000 sq. ft. industrial space available for sale
