Remodeled Freestanding Retail
508 North Kings Highway, Myrtle Beach, SC 29577
For Sale
$1,695,000
Two separately configured suites can operate independently or connect as a larger storefront.
Property Size5,400 SF
Lot Size0.46 Acres
Price / SF$313.89
Days on Market47
Property Features for 508 North Kings Highway
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Keystone Realty MB, LLC.
Listed By:
Curry Martin · License SC #62256
(843) 957-5961
Source:
Keystonecommercial
Added: Sep 26
Changed: Nov 5
Last Checked: Nov 10 at 5:49AM
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 Keystone Realty MB, LLC.
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Investment Insights
Based on property information with market context.
The freestanding retail property contains 5,400± square feet across Unit A, with 3,000± square feet, and Unit B, with 2,400± square feet. The suites may be used separately or combined. Unit A has an updated interior, and improvements include a new roof, two new 5-ton HVAC units, exterior work, paint, and awnings. Construction documents are available upon request.
Located on North Kings Highway in Myrtle Beach, the property has two curb cuts for access and roadside signage. The site encompasses 0.46± acres and is zoned MU-H.
Located on North Kings Highway in Myrtle Beach, the property has two curb cuts for access and roadside signage. The site encompasses 0.46± acres and is zoned MU-H.
Key Highlights
- 5,400± SF building on 0.46± acres
- Unit A: 3,000± SF; Unit B: 2,400± SF; suites can be combined
- Two new 5‑ton HVAC units and a new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,722
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,440
$1.6M
Cap Rate 7%
$1,124,600
$1.1M
Cap Rate 9%
$874,689
$874.7K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$115.3K $21.36/SF
− Vacancy
−$2.9K −$0.53/SF
EGI
$112.5K $20.83/SF
− OpEx
−$33.7K −$6.25/SF
NOI
$78.7K $14.58/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,574,440
Cap Rate 7%
$1,124,600
Cap Rate 9%
$874,689
Alternative Uses
Best Use
Retail
$1.12M
$984.0K – $1.31M
NOI $78,722 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,800 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
60k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 30%
Hotels & Casinos 11%
Home Improvements & Furnishings 1%
Olive Garden
Dining
13,192 visits/mo
0.5 miles
Taco Bell
Dining
10,216 visits/mo
0.4 miles
Circle K
Shops & Services
7,947 visits/mo
0.3 miles
Holiday Inn at the Pavilion
Hotels & Casinos
6,827 visits/mo
0.3 miles
Starbucks
Dining
5,567 visits/mo
0.4 miles
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
$273,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Myrtle Beach, SC
Properties on Market for Storefront properties in Myrtle Beach
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- La Zelle's Flower Shop — 101 Broadway St, Myrtle Beach, SC 29577
- Ocean View Funeral Home and Beach Crematory — 1212 Carver St, Myrtle Beach, SC 29577
Frequently Asked Questions
What type of property is this?
Storefront property - Two separately configured suites can operate independently or connect as a larger storefront.
Where is this storefront property located?
The property is located at 508 North Kings Highway Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 5,400± SF building on 0.46± acres; Unit A: 3,000± SF; Unit B: 2,400± SF; suites can be combined; Two new 5‑ton HVAC units and a new roof
