Three-Office
618 Chestnut Rd. ##204, Myrtle Beach, SC 29572
For Sale
$139,900
A reception area and private restroom complement the suite’s professional workspace.
Property Size555 SF
Price / SF$252.07
Days on Market46
Property Features for 618 Chestnut Rd. ##204
General Information
Standard status
Size
Property subtype
Zoning
Space & Availability
Floor
Condition
Additional Details
Highway Access
Property Use
Building Details
Building Size
Stories
Units
Tenancy
Listing Agency:
Keller Williams The Forturro Group
Listed By:
Jeff Forman · License SC #111037
(843) 443-9400
Source:
Browncokerrealty
Added: Sep 25
Changed: Nov 6
Last Checked: Nov 8 at 8:27PM
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 Keller Williams The Forturro Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 204 is a second-floor office unit at 618 Chestnut Rd. in Myrtle Beach, with 555 square feet arranged around a reception area and three private offices. The suite also includes a private restroom, windows that bring in natural light, and 10-foot ceilings. HC zoning applies to the property.
The building is situated just off Highway 17, with access to Highways 31 and 22. Two staircases provide access to the second floor. Other occupants include firms in architecture, accounting, landscaping, home care, real estate, and property management.
The building is situated just off Highway 17, with access to Highways 31 and 22. Two staircases provide access to the second floor. Other occupants include firms in architecture, accounting, landscaping, home care, real estate, and property management.
Key Highlights
- 555‑square‑foot office suite with reception area and three offices
- Private restroom and 10‑foot ceilings
- Second‑floor location served by two staircases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,793
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,860
$135.9K
Cap Rate 7%
$97,043
$97.0K
Cap Rate 9%
$75,478
$75.5K
Market Conditions
NOI Build-Up for 555 SF
Gross rent
$10.7K $19.20/SF
− Vacancy
−$1.6K −$2.88/SF
EGI
$9.1K $16.32/SF
− OpEx
−$2.3K −$4.08/SF
NOI
$6.8K $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%
$135,860
Cap Rate 7%
$97,043
Cap Rate 9%
$75,478
Alternative Uses
Best Use
Office B
$97.0K
$84.9K – $113.2K
NOI $6,793 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$140.7K
$123.1K – $164.1K
NOI $9,846 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
161
Businesses Nearby
Explore this area
Business Placement
Demographics for 29572, SC
10,711
Population
14,313
Households
0.7
Avg Household Size
57
Median Age
43%
College-Educated
95%
High-School Grad
8.9 sq mi
ZIP Area
1,203
Density / Sq Mi
$75,388
Median Household Income
$36,121
Median Earnings
$1,148
Median Rent
$385,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Myrtle Beach, SC
Properties on Market for Office Units in Myrtle Beach
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area and private restroom complement the suite’s professional workspace.
Where is this office unit located?
The property is located at 618 Chestnut Rd. ##204 Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 555‑square‑foot office suite with reception area and three offices; Private restroom and 10‑foot ceilings; Second‑floor location served by two staircases
