Medical Office with Separate Patient
New
For Sale
$1,250,000
600 Singleton Ridge Rd., Conway, SC 29526
COMMERCIAL/INDUSTRIAL, Conway, SC
Property Size3,114 SF
Lot Size0.53 Acres
Price / SF$401.41
Days on Market1
Property Features for 600 Singleton Ridge Rd.
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OPI
Subdivision
23B Conway Area-South of Conway between 701 & Wacc. River
Standard status
Active
Size
3,114 SF
Lot size
0.53 Acres
Building Details
Floors in Building
1
Number of units
1
Listing Agency:
Keystone Realty MB, LLC
Listed By:
Rusty Helm
(843) 626-3400
Added: Sep 30
Last Checked: Sep 30 at 4:06PM
MLS# 2624051
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 single-tenant medical office property contains 3,114 square feet on a 0.53-acre parcel and is zoned OPI. Its floor plan separates patient arrival and departure routes, a feature reflected in the building’s circulation design.
At 600 Singleton Ridge Road in Conway, the property is near Conway Medical Center. The address is in Horry County, South Carolina.
At 600 Singleton Ridge Road in Conway, the property is near Conway Medical Center. The address is in Horry County, South Carolina.
Key Highlights
- 3,114‑square‑foot medical office building
- 0.53‑acre parcel
- Zoned OPI
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,562
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,240
$931.2K
Cap Rate 7%
$665,171
$665.2K
Cap Rate 9%
$517,356
$517.4K
Market Conditions
NOI Build-Up for 3,114 SF
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.
Gross rent
$79.6K $25.56/SF
− Vacancy
−$2.0K −$0.64/SF
EGI
$77.6K $24.92/SF
− OpEx
−$31.0K −$9.97/SF
NOI
$46.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$931,240
Cap Rate 7%
$665,171
Cap Rate 9%
$517,356
Alternative Uses
Best Use
Healthcare Medical
$665.2K
$582.0K – $776.0K
NOI $46,562 @ 7.0% cap · market cap 3.72%
Second Best
Office B
$544.5K
$476.4K – $635.3K
NOI $38,115 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$789.2K
$690.6K – $920.8K
NOI $55,245 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29526, SC
51,403
Population
20,301
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
175.0 sq mi
ZIP Area
294
Density / Sq Mi
$66,490
Median Household Income
$28,341
Median Earnings
$943
Median Rent
$232,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - The clinic layout provides distinct paths for patients entering and leaving the building.
Where is this medical office space located?
The property is located at 600 Singleton Ridge Rd. Conway, SC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,114‑square‑foot medical office building; 0.53‑acre parcel; Zoned OPI
