Medical Office
New
For Sale
Contact for pricing
901-923 Medical Cir, Myrtle Beach, SC 29572
Single-practitioner space within an established multitenant medical development.
Property Size1,368 SF
Price / SF$252.19
Days on Market5
Property Features for 901-923 Medical Cir
General Information
Standard status
Active
Size
1,368 SF
Property subtype
OFFICE
Additional Details
Office Units
1
Building Details
Tenancy
Multi
Listing Agency:
Tradd Commercial | Myrtle Beach
(843) 839-9777
Listed By:
Adam Cates, CCIM, SIOR · License #60056
(843) 839-9777
Source:
Moodyscre
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 12:56PM
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 Tradd Commercial | Myrtle Beach
Investment Insights
Based on property information with market context.
This 1,368-square-foot medical office suite is located within Medical Circle Medical Mall, an established multitenant medical development. The property is positioned for medical-office use and is described as suitable for a single practitioner or satellite office.
The suite sits at the entrance to Grand Strand Regional Medical Center in the Myrtle Beach, SC MSA. Neighboring users include Quest Diagnostic, Sexton Dental Clinic, and Carolina Health Specialists. The property is also situated along the medical corridor serving the Grande Dunes and Living Dunes areas.
The suite sits at the entrance to Grand Strand Regional Medical Center in the Myrtle Beach, SC MSA. Neighboring users include Quest Diagnostic, Sexton Dental Clinic, and Carolina Health Specialists. The property is also situated along the medical corridor serving the Grande Dunes and Living Dunes areas.
Key Highlights
- 1,368 SF medical office suite
- Located within Medical Circle Medical Mall
- At the entrance to Grand Strand Regional Medical Center
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
$20,455
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
5.93%
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%
$409,100
$409.1K
Cap Rate 7%
$292,214
$292.2K
Cap Rate 9%
$227,278
$227.3K
Market Conditions
NOI Build-Up for 1,368 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
$35.0K $25.56/SF
− Vacancy
−$874 −$0.64/SF
EGI
$34.1K $24.92/SF
− OpEx
−$13.6K −$9.97/SF
NOI
$20.5K $14.95/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
40.00%
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%
$409,100
Cap Rate 7%
$292,214
Cap Rate 9%
$227,278
Alternative Uses
Best Use
Healthcare Medical
$292.2K
$255.7K – $340.9K
NOI $20,455 @ 7.0% cap · market cap 5.93%
Second Best
Office B
$239.2K
$209.3K – $279.1K
NOI $16,744 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$346.7K
$303.4K – $404.5K
NOI $24,269 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Balanced
Demand for This Use
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-practitioner space within an established multitenant medical development.
Where is this medical office space located?
The property is located at 901-923 Medical Cir Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,368 SF medical office suite; Located within Medical Circle Medical Mall; At the entrance to Grand Strand Regional Medical Center
