Office Suite with Private
618 Chestnut Rd., Myrtle Beach, SC 29572
For Sale
$139,900
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size555 SF
Lot Size0.44 Acres
Price / SF$252.07
Days on Market46
Property Features for 618 Chestnut Rd.
General Information
Property type
Property subtype
Zoning
Exterior features
Subdivision
Standard status
Size
Lot size
Building Details
Floors in Building
Number of units
Listing Agency:
Keller Williams The Forturro Group · Keller Williams Realty
(843) 443-9400
Listed By:
Jeff Forman · License SC #111037
(843) 902-4325
Added: Sep 25
Changed: Oct 6
Last Checked: Nov 9 at 7:06PM
MLS# 2623732
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.
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Investment Insights
Based on property information with market context.
Suite 204 is a 555-square-foot office on the building’s second floor. Its plan includes a reception area, three offices, and a private restroom. Generous windows bring in natural light, while 10-foot ceilings add vertical space. Two staircases provide access to the suite, and the property is zoned HC.
The office is just off Highway 17, with access to Highways 31 and 22. Other businesses in the building include an architect, accountant, landscaping company, home care provider, real estate firms, and property management firms, creating a mix of professional and service uses within the property.
The office is just off Highway 17, with access to Highways 31 and 22. Other businesses in the building include an architect, accountant, landscaping company, home care provider, real estate firms, and property management firms, creating a mix of professional and service uses within the property.
Key Highlights
- 555‑square‑foot second‑floor office suite with reception area and three offices
- Private restroom within the suite
- 10‑foot ceilings and generous windows
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
495
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
$385,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 three-office layout pairs a reception area with natural light from generous windows.
Where is this office unit located?
The property is located at 618 Chestnut Rd. 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 second‑floor office suite with reception area and three offices; Private restroom within the suite; 10‑foot ceilings and generous windows
