Office Building with 17 Private
415 79th Ave. N, Myrtle Beach, SC 29572
For Sale
$695,000
Reception, a glass conference room, two restrooms, a kitchenette, and storage support a range of office layouts.
Property Size2,725 SF
Price / SF$255.05
Days on Market36
Property Features for 415 79th Ave. N
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Property Use
Amenities
Storage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
CB Sea Coast Commercial
Listed By:
John Draughn · License #8683
(843) 650-0998
Source:
Browncokerrealty
Added: Oct 5
Changed: Nov 7
Last Checked: Nov 8 at 9:29AM
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 CB Sea Coast Commercial
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Investment Insights
Based on property information with market context.
The 2,725-square-foot office building contains a reception area, a glass-walled conference room, 17 offices, two restrooms, a kitchenette with sink, and multiple storage rooms. Built in 1969, the property offers a mix of private work areas and shared support spaces.
At 415 79th Ave. N in Myrtle Beach, the building sits at the corner of N Kings Hwy and 79th Ave. N, adjacent to Walgreens and Northwood Plaza, which includes Fresh Market and Food Lion. Village Shops at Grande Dunes, with Publix, Starbucks, and Jersey Mike’s, and Grand Strand Medical Center are nearby. Average daily traffic on N Kings Hwy is 22,500; the medical center is approximately 1 mile away. The surrounding area includes retail, office, medical, restaurant, and high-density residential uses.
At 415 79th Ave. N in Myrtle Beach, the building sits at the corner of N Kings Hwy and 79th Ave. N, adjacent to Walgreens and Northwood Plaza, which includes Fresh Market and Food Lion. Village Shops at Grande Dunes, with Publix, Starbucks, and Jersey Mike’s, and Grand Strand Medical Center are nearby. Average daily traffic on N Kings Hwy is 22,500; the medical center is approximately 1 mile away. The surrounding area includes retail, office, medical, restaurant, and high-density residential uses.
Key Highlights
- 2,725 SF office building with 17 offices
- Reception area and glass conference room
- Kitchenette with sink, two restrooms, and multiple storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,354
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,080
$667.1K
Cap Rate 7%
$476,486
$476.5K
Cap Rate 9%
$370,600
$370.6K
Market Conditions
NOI Build-Up for 2,725 SF
Gross rent
$52.3K $19.20/SF
− Vacancy
−$7.8K −$2.88/SF
EGI
$44.5K $16.32/SF
− OpEx
−$11.1K −$4.08/SF
NOI
$33.4K $12.24/SF
Area
Horry County, SC
Vacancy
15.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,080
Cap Rate 7%
$476,486
Cap Rate 9%
$370,600
Alternative Uses
Best Use
Office B
$476.5K
$416.9K – $555.9K
NOI $33,354 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.6K
$604.3K – $805.7K
NOI $48,344 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Horry County, SC
Properties on Market for Office buildings in Horry County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Reception, a glass conference room, two restrooms, a kitchenette, and storage support a range of office layouts.
Where is this office building located?
The property is located at 415 79th Ave. N Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,725 SF office building with 17 offices; Reception area and glass conference room; Kitchenette with sink, two restrooms, and multiple storage rooms
