Office Unit with Conference
For Sale
Contact for pricing
4242 Main St., Loris, SC 29569
A flexible work area, private office, and restroom support a range of professional office functions.
Property Size850 SF
Price / SF$2.12
Days on Market89
Property Features for 4242 Main St.
General Information
Standard status
Active
Size
850 SF
Property subtype
Office
Additional Details
Property Use
Office
Amenities
Private office
Large open flex/work area
Conference room with TV
Private restroom
Shared kitchen/break area
Shared IT/network closet
Building Details
Year Built
1968
Tenancy
Multi
Listing Agency:
The Dieter Company
Listed By:
Jay Nelson
(843) 817-8508
Source:
Thenelsonteamsc
Added: Aug 6
Changed: Nov 2
Last Checked: Nov 2 at 2:38AM
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 The Dieter Company
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Investment Insights
Based on property information with market context.
An approximately 850-square-foot office unit is arranged with a private office, an open work area, and a conference room equipped with a TV. The space also includes a private restroom, with access to a shared kitchen and break area and a shared IT/network closet.
The unit is at 4242 Main St. in Loris, South Carolina, in a professional building constructed in 1968. A local real estate firm occupies part of the building.
The unit is at 4242 Main St. in Loris, South Carolina, in a professional building constructed in 1968. A local real estate firm occupies part of the building.
Key Highlights
- Approximately 850 square feet
- Private office and open work area
- Conference room with TV
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,404
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,080
$208.1K
Cap Rate 7%
$148,629
$148.6K
Cap Rate 9%
$115,600
$115.6K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$16.3K $19.20/SF
− Vacancy
−$2.4K −$2.88/SF
EGI
$13.9K $16.32/SF
− OpEx
−$3.5K −$4.08/SF
NOI
$10.4K $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%
$208,080
Cap Rate 7%
$148,629
Cap Rate 9%
$115,600
Alternative Uses
Best Use
Office B
$148.6K
$130.1K – $173.4K
NOI $10,404 @ 7.0% cap · market cap 578.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$215.4K
$188.5K – $251.3K
NOI $15,080 @ 7.0% cap · market cap 837.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A flexible work area, private office, and restroom support a range of professional office functions.
Where is this office unit located?
The property is located at 4242 Main St. Loris, SC.
What are key features of this property?
This property features: Approximately 850 square feet; Private office and open work area; Conference room with TV
