Dental-Configured Medical
4382 Oleander Dr., Myrtle Beach, SC 29577
For Sale
New
$1,275,000
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size4,412 SF
Lot Size0.65 Acres
Price / SF$288.98
Days on Market2
Property Features for 4382 Oleander Dr.
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Condition
Medical Specialty
Building Details
Floors in Building
Number of units
Buildings
Listing Agency:
REMAX Southern Shores · RE/MAX International
(843) 839-0200
Listed By:
Paige Bird · License SC #3722
(843) 450-4773
Added: Nov 14
Last Checked: Nov 15 at 3:06AM
MLS# 2627553
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This medical office property contains 4,412 square feet on approximately 0.65 acres. Its existing dental layout includes four exam spaces. The transaction covers the building and land; the dental practice and business are not included. The property is offered in its current condition, and the seller is seeking to lease back office space following the sale.
Located at 4382 Oleander Drive in Myrtle Beach, the property is zoned MP.
Located at 4382 Oleander Drive in Myrtle Beach, the property is zoned MP.
Key Highlights
- 4,412‑square‑foot building on approximately 0.65 acres
- Existing dental buildout with four exam spaces
- Seller seeks a post‑closing leaseback of office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,971
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,420
$1.3M
Cap Rate 7%
$942,443
$942.4K
Cap Rate 9%
$733,011
$733.0K
Market Conditions
NOI Build-Up for 4,412 SF
Gross rent
$112.8K $25.56/SF
− Vacancy
−$2.8K −$0.64/SF
EGI
$110.0K $24.92/SF
− OpEx
−$44.0K −$9.97/SF
NOI
$66.0K $14.95/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,420
Cap Rate 7%
$942,443
Cap Rate 9%
$733,011
Alternative Uses
Best Use
Healthcare Medical
$942.4K
$824.6K – $1.10M
NOI $65,971 @ 7.0% cap · market cap 5.17%
Second Best
Office B
$771.5K
$675.0K – $900.1K
NOI $54,003 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.12M
$978.4K – $1.30M
NOI $78,272 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,216
Businesses Nearby
Under-served
Demand for This Use
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
$273,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Horry County, SC
Properties on Market for Medical Office Space in Horry County
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Grand Strand Animal Hospital — 3007 Church St B, Myrtle Beach, SC 29577
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout includes four examination spaces, with the seller seeking to lease back office space after closing.
Where is this medical office space located?
The property is located at 4382 Oleander Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 4,412‑square‑foot building on approximately 0.65 acres; Existing dental buildout with four exam spaces; Seller seeks a post‑closing leaseback of office space
