Second-Floor Office
For Sale
Contact for pricing
870 Inlet Square Dr., Murrells Inlet, SC 29576
Second-floor workspace near Inlet Square Mall with access to the Highway 17 corridor.
Property Size1,246 SF
Lot Size0.59 Acres
Price / SF$1.16
Days on Market53
Property Features for 870 Inlet Square Dr.
General Information
Standard status
Active
Size
1,246 SF
Lot size
0.59 Acres
Additional Details
Floor
2
Highway Access
Yes
Listing Agency:
Keystone Realty MB, LLC
(843) 626-3400
Listed By:
Gina Nelson · License #125555
(631) 512-1571
Source:
Edgarwilson
Added: Sep 10
Changed: Oct 30
Last Checked: Nov 1 at 5:21AM
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 Keystone Realty MB, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office offering provides approximately 1,250 SF of workspace within a property situated on approximately .59 acres. The space is positioned for professional office use and benefits from its location along Inlet Square Drive in Murrells Inlet.
The property sits between Highway 17 Bypass and Highway 17 Business, with Inlet Square Mall less than 0.5 miles away. Additional nearby destinations include the Murrells Inlet Marsh Walk, Garden City Pier, Tupelo Bay Golf Center, and Ocean Lakes Family Campground.
The property sits between Highway 17 Bypass and Highway 17 Business, with Inlet Square Mall less than 0.5 miles away. Additional nearby destinations include the Murrells Inlet Marsh Walk, Garden City Pier, Tupelo Bay Golf Center, and Ocean Lakes Family Campground.
Key Highlights
- Approximately 1,250 SF of second‑floor office space
- Situated on approximately .59 acres
- Between Highway 17 Bypass and Highway 17 Business
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,251
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,020
$305.0K
Cap Rate 7%
$217,871
$217.9K
Cap Rate 9%
$169,456
$169.5K
Market Conditions
NOI Build-Up for 1,246 SF
Gross rent
$23.9K $19.20/SF
− Vacancy
−$3.6K −$2.88/SF
EGI
$20.3K $16.32/SF
− OpEx
−$5.1K −$4.08/SF
NOI
$15.3K $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%
$305,020
Cap Rate 7%
$217,871
Cap Rate 9%
$169,456
Alternative Uses
Best Use
Office B
$217.9K
$190.6K – $254.2K
NOI $15,251 @ 7.0% cap · market cap 1,051.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.8K
$276.3K – $368.4K
NOI $22,105 @ 7.0% cap · market cap 1,524.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 29576, SC
32,476
Population
22,097
Households
1.5
Avg Household Size
61
Median Age
32%
College-Educated
96%
High-School Grad
30.5 sq mi
ZIP Area
1,065
Density / Sq Mi
$70,343
Median Household Income
$36,352
Median Earnings
$1,467
Median Rent
$315,700
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
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace near Inlet Square Mall with access to the Highway 17 corridor.
Where is this office unit located?
The property is located at 870 Inlet Square Dr. Murrells Inlet, SC.
What are key features of this property?
This property features: Approximately 1,250 SF of second‑floor office space; Situated on approximately .59 acres; Between Highway 17 Bypass and Highway 17 Business
