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    Turn-Key Medical Office Suite Title is generated by Realmo AI

    923 Medical Cir, Myrtle Beach, SC 29572

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    For Sale
    $345,000

    Built-out medical suite with multiple exam rooms and direct rear access to nearby parking at a major medical center entrance.

    Type:Office
    Property size:
    1,368 SF
    Price / SF:
    $252/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:46 am

    Property Features for 923 Medical Cir

    General Information

    Standard status
    Active
    Size
    1,368 SF
    Property subtype
    Office

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Adam Cates, CCIM, SIOR

    Listing agent Adam Cates, CCIM, SIOR

    Listing office Tradd Commercial | Myrtle Beach

    Listing date Jun 2, 2026

    Source Traddcommercial

    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

    HighLights

    • 1,368 SF built‑out medical office suite with lobby, administrative reception, and multiple exam rooms
    • Includes 3 exam rooms plus a lab room, large office, and small office with a private restroom
    • Suite has a public restroom and rear exit directly into the parking lot of Grand Strand Regional Medical Center
    • Located in Medical Circle Medical Mall at the 82nd Parkway entrance to Grand Strand Regional Medical Center
    • Situated along 82nd Parkway, about 0.17 miles from Highway 17 Bypass
    • Year built: 1978

    Overview

    923 Medical Circle presents a turn-key medical office suite designed for immediate occupancy. The 1,368-square-foot space is built out with a lobby and administrative reception area, a small office with a private restroom, a lab room, a public restroom, three exam rooms, and a large office. A rear exit provides convenient access into the parking lot serving Grand Strand Regional Medical Center, supporting day-to-day patient and staff flow.

    The suite is positioned along 82nd Parkway within the Medical Circle Medical Mall, located at the entrance to Grand Strand Regional Medical Center, which is noted as the largest hospital in Myrtle Beach. The property is also approximately 0.17 miles from Highway 17 Bypass. The surrounding area is described as Myrtle Beach’s medical corridor, with nearby medical and diagnostic users including Quest Diagnostic, Sexton Dental Clinic, and Carolina Health Specialists.

    This offering is well suited for a single practitioner or a satellite office seeking a ready-to-use layout in an established, multi-tenant medical development at a high-profile hospital entrance. The combination of reception support, multiple exam rooms, and lab functionality provides a practical foundation for a range of outpatient healthcare uses requiring dedicated patient and administrative space.

    Local Financial Insights For Healthcare Medical

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $35.0k $25.56
    − Vacancy −$874 −$0.64
    EGI $34.1k $24.92
    − OpEx −$13.6k −$9.97
    NOI $20.5k $14.95
    1,368 SF · lease $25.56/SF/yr · vacancy 2.50% · expense 40.00%

    Alternative Uses

    Best Use
    Healthcare Medical
    $292.2K
    $255.7K – $340.9K (±1% cap)
    NOI $20,455 @ 7.0% cap · market cap 5.93%
    Second Best
    Office B
    $239.2K
    $209.3K – $279.1K (±1% cap)
    NOI $16,744 @ 7.0% cap · market cap 4.85%
    Theoretical Best
    Office A
    $346.7K
    $303.4K – $404.5K (±1% cap)
    NOI $24,269 @ 7.0% cap · market cap 7.03%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    JOSEPH VANCE VANDERGRIFF Pediatrician STEPHEN ALAN SILBIGER Physician Angelic Health Palliative ... Nursing Home

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Dunes Veterinary Clinic — 7717 N Kings Hwy, Myrtle Beach, SC 29572

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.818153
    Latitude
    33.759259

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    FAQs

    What type of property is this?
    Medical Office Space - Built-out medical suite with multiple exam rooms and direct rear access to nearby parking at a major medical center entrance.
    Where is this medical office space located?
    The property is located at 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 built‑out medical office suite with lobby, administrative reception, and multiple exam rooms; Includes 3 exam rooms plus a lab room, large office, and small office with a private restroom; Suite has a public restroom and rear exit directly into the parking lot of Grand Strand Regional Medical Center
    (843) 333-4190
    We can help!
    Listing Contact
    Adam Cates, CCIM, SIOR
    Learn More
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    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.

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