Renovated Retail
New
For Sale
$325,000
4004 Railroad Ave, Loris, SC 29569
Updated electrical, HVAC, flooring, and roofing create a refreshed commercial space within an established retail strip center.
Property Size1,726 SF
Price / SF$188.30
Days on Market2
Property Features for 4004 Railroad Ave
General Information
Standard status
Active
Size
1,726 SF
Property subtype
Retail
Building Details
Building Size
1,726 SF
Year Built
1930
Year Renovated
2023
Buildings
1
Listing Agency:
Tradd Commercial | Myrtle Beach
(843) 251-2715
Listed By:
Chris Chapman
Source:
Traddcommercial
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 8:51AM
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 Tradd Commercial | Myrtle Beach
Investment Insights
Based on property information with market context.
This 1,726-square-foot storefront property in Loris, South Carolina, is configured as a retail building within an established retail strip center. The interior has been substantially updated with new flooring, electrical improvements, and additional renovations that refresh the customer-facing and operational areas.
A new roof was installed in 2023, and the property also includes a new HVAC unit. Built in 1930, the building combines its original construction date with recent system and finish upgrades. The property serves a ZIP code with more than 17,000 residents and is presented as a fit for an owner-user or investor seeking a renovated retail asset.
A new roof was installed in 2023, and the property also includes a new HVAC unit. Built in 1930, the building combines its original construction date with recent system and finish upgrades. The property serves a ZIP code with more than 17,000 residents and is presented as a fit for an owner-user or investor seeking a renovated retail asset.
Key Highlights
- 1,726 SF retail building in Loris, SC
- New roof installed in 2023
- New HVAC unit
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
$25,162
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
7.74%
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%
$503,240
$503.2K
Cap Rate 7%
$359,457
$359.5K
Cap Rate 9%
$279,578
$279.6K
Market Conditions
NOI Build-Up for 1,726 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
$36.9K $21.36/SF
− Vacancy
−$922 −$0.53/SF
EGI
$35.9K $20.83/SF
− OpEx
−$10.8K −$6.25/SF
NOI
$25.2K $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 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%
$503,240
Cap Rate 7%
$359,457
Cap Rate 9%
$279,578
Alternative Uses
Best Use
Retail
$359.5K
$314.5K – $419.4K
NOI $25,162 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$437.4K
$382.8K – $510.4K
NOI $30,621 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
75k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Shops & Services 34%
Groceries 16%
Home Improvements & Furnishings 5%
Bojangles' Famous Chicken 'n Biscuits
Dining
15,248 visits/mo
0.1 miles
Dollar Tree
Shops & Services
9,602 visits/mo
0.2 miles
Loris IGA
Groceries
9,456 visits/mo
0.5 miles
Hardee's
Dining
9,092 visits/mo
0.1 miles
Sunoco
Shops & Services
5,459 visits/mo
0.1 miles
Demographics for 29569, SC
17,048
Population
7,504
Households
2.3
Avg Household Size
45
Median Age
10%
College-Educated
82%
High-School Grad
170.3 sq mi
ZIP Area
100
Density / Sq Mi
$50,659
Median Household Income
$34,719
Median Earnings
$776
Median Rent
$190,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Updated electrical, HVAC, flooring, and roofing create a refreshed commercial space within an established retail strip center.
Where is this storefront property located?
The property is located at 4004 Railroad Ave Loris, SC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,726 SF retail building in Loris, SC; New roof installed in 2023; New HVAC unit
