Two-Story Office
For Sale
$2,150,000
4702 Oleander Dr., Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size9,432 SF
Lot Size0.76 Acres
Price / SF$227.95
Days on Market141
Property Features for 4702 Oleander Dr.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OPI
Subdivision
10B Myrtle Beach Area--Carolina Forest
Standard status
Active
Size
9,432 SF
Lot size
0.76 Acres
Amenities
reception and waiting areas
conference rooms
private offices
open workspace configurations
kitchen/break areas
multiple restrooms
storage space
Building Details
Floors in Building
2
Number of units
18
Listing Agency:
Circa Real Estate
(843) 222-3172
Listed By:
Katharine Woodard
(843) 798-3940
Added: May 19
Changed: Aug 19
Last Checked: Oct 6 at 10:06AM
MLS# 2612896
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.
Investment Insights
Based on property information with market context.
This two-story brick office property contains approximately 9,432 square feet and is configured with 16 upper-level office units and two larger suites on the ground floor. The building is 100% occupied and includes reception and waiting areas, conference rooms, private offices, open work areas, kitchen and break spaces, multiple restrooms, and storage. Recent updates and ongoing professional maintenance support the building’s current office configuration.
The property includes 33 parking spaces and is positioned in Myrtle Beach with access to Hwy 17, Grissom Parkway, and Hwy 31. Myrtle Beach International Airport, hospitals, business centers, restaurants, and Broadway at the Beach are also identified in the surrounding area. Zoning is OPI.
The property includes 33 parking spaces and is positioned in Myrtle Beach with access to Hwy 17, Grissom Parkway, and Hwy 31. Myrtle Beach International Airport, hospitals, business centers, restaurants, and Broadway at the Beach are also identified in the surrounding area. Zoning is OPI.
Key Highlights
- Approximately 9,432 SF two‑story brick office building
- 16 upstairs office units plus 2 large ground‑floor suites
- 100% occupied at the time of listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,448
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,308,960
$2.3M
Cap Rate 7%
$1,649,257
$1.6M
Cap Rate 9%
$1,282,756
$1.3M
Market Conditions
NOI Build-Up for 9,432 SF
Gross rent
$181.1K $19.20/SF
− Vacancy
−$27.2K −$2.88/SF
EGI
$153.9K $16.32/SF
− OpEx
−$38.5K −$4.08/SF
NOI
$115.4K $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%
$2,308,960
Cap Rate 7%
$1,649,257
Cap Rate 9%
$1,282,756
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,448 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
Lease Details
18
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,149
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied professional office property with adaptable suites, shared amenities, and convenient access to major Myrtle Beach corridors.
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: Approximately 9,432 SF two‑story brick office building; 16 upstairs office units plus 2 large ground‑floor suites; 100% occupied at the time of listing
