Two-Story Office
For Sale
$2,150,000
4702 Oleander Dr., Myrtle Beach, SC 29577
Well-maintained office building with multiple suites, ample parking, and strong accessibility on a central Myrtle Beach corridor.
Property Size9,432 SF
Lot Size0.70 Acres
Price / SF$227.95
Days on Market113
Property Features for 4702 Oleander Dr.
General Information
Standard status
Active
Size
9,432 SF
Total Parking Spaces
33
Lot size
0.70 Acres
Property subtype
Office
Occupancy
100%
Additional Details
Office Units
18
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
(843) 798-3940
Listed By:
Circa Real Estate
(843) 798-3940
Source:
Xome
Added: Apr 9
Changed: Jul 10
Last Checked: Jul 30 at 7:24AM
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 Circa Real Estate
Investment Insights
Based on property information with market context.
The Heaton Building is a well-maintained two-story brick office property designed to support a wide range of professional and medical uses. The building includes reception and waiting areas, conference rooms, private offices, open workspace configurations, kitchen/break areas, multiple restrooms, and storage space. The upstairs level features 16 office units, complemented by two large ground-floor suites, creating a flexible mix of spaces for office tenants with different operational needs.
Situated on a 0.70-acre lot, the property offers 33 parking spaces and strong curb appeal. It is positioned in Myrtle Beach’s established professional and medical office corridor, with convenient access to major regional routes including Hwy 17, Grissom Parkway, and Hwy 31. The area is served by nearby hospitals, business centers, restaurants, and Myrtle Beach International Airport, supporting daily employee and client travel.
For tenants, the existing suite and office configuration can accommodate office-focused operations such as professional services and medical-adjacent practices, depending on fit. For buyers and owner-users, the property is currently 100% occupied and offers an opportunity to own a maintained, multi-suite office asset with established onsite parking and a versatile layout for current or future office tenancy. All information is approximate and should be verified by the buyer.
Situated on a 0.70-acre lot, the property offers 33 parking spaces and strong curb appeal. It is positioned in Myrtle Beach’s established professional and medical office corridor, with convenient access to major regional routes including Hwy 17, Grissom Parkway, and Hwy 31. The area is served by nearby hospitals, business centers, restaurants, and Myrtle Beach International Airport, supporting daily employee and client travel.
For tenants, the existing suite and office configuration can accommodate office-focused operations such as professional services and medical-adjacent practices, depending on fit. For buyers and owner-users, the property is currently 100% occupied and offers an opportunity to own a maintained, multi-suite office asset with established onsite parking and a versatile layout for current or future office tenancy. All information is approximate and should be verified by the buyer.
Key Highlights
- Well‑maintained two‑story brick office building at 4702 Oleander Street with approx. 9,432 SF on a 0.70‑acre lot
- 100% occupied with 16 upstairs office units plus 2 large ground‑floor suites
- 33 parking spaces and strong accessibility on Myrtle Beach’s professional and medical office corridor
Financial Insights For Healthcare Medical
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 | $241.1k | $25.56 |
| − Vacancy | −$6.0k | −$0.64 |
| EGI | $235.1k | $24.92 |
| − OpEx | −$94.0k | −$9.97 |
| NOI | $141.0k | $14.95 |
9,432 SF · lease $25.56/SF/yr · vacancy 2.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.01M
$1.76M – $2.35M
NOI $141,033 @ 7.0% cap · market cap 6.56%
Second Best
Office B
$1.65M
$1.44M – $1.92M
NOI $115,448 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,331 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with multiple suites, ample parking, and strong accessibility on a central Myrtle Beach corridor.
Where is this office building located?
The property is located at 4702 Oleander Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Well‑maintained two‑story brick office building at 4702 Oleander Street with approx. 9,432 SF on a 0.70‑acre lot; 100% occupied with 16 upstairs office units plus 2 large ground‑floor suites; 33 parking spaces and strong accessibility on Myrtle Beach’s professional and medical office corridor
