Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7100 N Ocean Blvd, Unit 616 Myrtle Beach, SC 29572

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,300 /Mo

    Furnished 2-bedroom condo with waterpark, pools, and arcade.

    Building Details

    Year built
    2002

    We can help!

    Listing Contact
    MyBeach Vacation Rentals
    Source: Kw

    Listing Agent: MyBeach Vacation Rentals

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Furnished Oceanview Condo Rental

    This furnished rental property is available on a month-to-month basis from October to February. The renovated beachfront condo features two bedrooms, a full kitchen, and an open living area. The master bedroom provides access to an oceanfront balcony. The property also includes access to a waterpark, pools, and an arcade.
    Location Intelligence

    Current Use by Public Records

    Spectacular Oceanfront Condo/ ... Serviced Apartment Ocean Reef Resort Resort Hotel Charming efficiency studio ... Resort Hotel ATM Atm NEW! UNiQUE Oceanfront ... Hotel

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.818854
    Latitude
    33.7400621

    Nearby Similar for Lease

    • $3,000 /Mo
      2,400 SF

      Office Suites Near Grande Dunes

      Upstairs office suites in desirable Myrtle Beach trade area.
      7712 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $3,000 /Mo
      2,340 SF

      Myrtle Beach Office Space For Rent

      2340 sq ft commercial space perfect for medical or professional office.
      8210 Devon Ct, Myrtle Beach, SC 29572
      View Details
    • $2,218 /Mo
      2,360 SF

      Myrtle Beach Office/Retail Space

      Standalone building with high visibility, suitable for office or retail use.
      720 Main St, Myrtle Beach, SC 29577
      View Details
    • $11,250 /Mo
      9,000 SF

      Versatile Building in Surfside Beach

      9,000 SF building on 1.5 acres with redevelopment potential.
      910 Business St, Myrtle Beach, SC 29575
      View Details
    • $20,168
      9,491 SF

      Class-A Office Suite, Myrtle Beach

      Premium office suite in a vibrant Myrtle Beach business corridor.
      3833 Mayfair St, Myrtle Beach, SC 29577
      View Details
    • $12 SF/Yr
      21,008 SF

      Myrtle Beach Industrial/Showroom Space

      Premier industrial space with showroom, office, and warehouse areas.
      1330 17Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $8,000 /Mo
      6,000 SF

      Retail and Warehouse Space Available

      Retail/warehouse space with showroom facing HWY 707, high visibility.
      8370 Highway 707, Myrtle Beach, SC 29588
      View Details
    • $4,500 /Mo
      Pending

      Surfside Beach Retail Space Available

      Retail space with high visibility and recent upgrades for lease.
      1514 Business St, Myrtle Beach, SC 29575
      View Details
    • $12 SF/Yr
      14,038 SF

      Myrtle Beach Industrial Space Available

      Class A industrial space in Myrtle Beach's North Industrial Park.
      1330 17Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $2,080 /Mo
      2,080 SF

      Prime Second-Floor Office Space

      Spacious 2,080 sq ft office suite for lease.
      4221 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • $12 SF/Yr
      6,970 SF

      Myrtle Beach Showroom/Warehouse Space

      Showroom and warehouse space available in Myrtle Beach, SC.
      1330 17Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $5,000 /Mo
      6,000 SF

      Myrtle Beach Office and Warehouse

      6,000 SF office and warehouse space with versatile layout.
      106 Lichen Ct, Myrtle Beach, SC 29588
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Furnished 2-bedroom condo with waterpark, pools, and arcade.
    Where is this short term rental property located?
    The property is located at 7100 N Ocean Blvd, Unit 616 Myrtle Beach, SC.
    What are key features of this property?
    This property features: - Furnished 2-bedroom beachfront condo with ocean view; - Special monthly rate of $1,450 for stays between October and February; - Access to waterpark, pools, and arcade
    Request Owner's contact information
    7100 N Ocean Blvd, Unit 616 Myrtle Beach, SC 29572
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7100 N Ocean Blvd, Unit 616
    Myrtle Beach, SC 29572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7100 N Ocean Blvd, Unit 616 Myrtle Beach, SC 29572
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    MyBeach Vacation Rentals
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.