4605 Oleander Dr. Myrtle Beach, SC 29577
Well-maintained, fully leased office building in prime Myrtle Beach location.
Property Features for 4605 Oleander Dr.
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Office
Listing office CENTURY 21 The Harrelson Group
Listing date Feb 7, 2026
Source Crexi
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 CENTURY 21 The Harrelson Group
Investment Insights
Based on property information with market context.
Key Highlights
- Fully leased office building generating approximately $94,000 in gross annual income.
- Prime central Myrtle Beach location with excellent visibility and access.
- Tenant‑paid utilities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.5k | $19.20 |
| − Vacancy | −$12.7k | −$2.88 |
| EGI | $71.8k | $16.32 |
| − OpEx | −$18.0k | −$4.08 |
| NOI | $53.9k | $12.24 |
