Four-Unit Coastal Multifamily
For Sale
$849,900
7201 Porcher Dr., Myrtle Beach, SC 29572
Positioned a few blocks from the ocean near restaurants, golf, and Myrtle Beach attractions.
Property Size4,423 SF
Price / SF$192.15
Days on Market358
Property Features for 7201 Porcher Dr.
General Information
Standard status
Active
Size
4,423 SF
Property subtype
Fourplex
Additional Details
Multifamily Units
4
Amenities
RMH
Building Details
Year Built
1973
Listing Agency:
BeachConnection Realty
(843) 900-4889
Listed By:
Halie Collins
(423) 895-4516
Source:
Xome
Added: Sep 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:14AM
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 BeachConnection Realty
Investment Insights
Based on property information with market context.
This quadplex contains 4,423 square feet and was built in 1973. The four-unit configuration provides a multifamily property format in a coastal setting.
The property is located at 7201 Porcher Dr. in Myrtle Beach, South Carolina, a few blocks from the ocean. Restaurants, golf, and local attractions are also nearby.
The property is located at 7201 Porcher Dr. in Myrtle Beach, South Carolina, a few blocks from the ocean. Restaurants, golf, and local attractions are also nearby.
Key Highlights
- Quadplex configuration with four units
- 4,423 square feet
- Built in 1973
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
$45,178
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
5.32%
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%
$903,560
$903.6K
Cap Rate 7%
$645,400
$645.4K
Cap Rate 9%
$501,978
$502.0K
Market Conditions
NOI Build-Up for 4,423 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
$67.9K $15.36/SF
− Vacancy
−$3.4K −$0.77/SF
EGI
$64.5K $14.59/SF
− OpEx
−$19.4K −$4.38/SF
NOI
$45.2K $10.21/SF
Area
Horry County, SC
Vacancy
5.00%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
30.00%
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%
$903,560
Cap Rate 7%
$645,400
Cap Rate 9%
$501,978
Alternative Uses
Best Use
Multifamily LT 5
$645.4K
$564.7K – $753.0K
NOI $45,178 @ 7.0% cap · market cap 5.32%
Second Best
Apartment 5plus
$583.3K
$510.4K – $680.5K
NOI $40,830 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.12M
$980.9K – $1.31M
NOI $78,468 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
721
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
Vacancy Rate% for Multifamily 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?
Quadplex - Positioned a few blocks from the ocean near restaurants, golf, and Myrtle Beach attractions.
Where is this quadplex located?
The property is located at 7201 Porcher Dr. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Quadplex configuration with four units; 4,423 square feet; Built in 1973
