Turn-Key Medical Office
923 Medical Cir Myrtle Beach, SC 29572
923 Medical Cir, Myrtle Beach, SC, 29572
$345,000
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.
Property Size1,368 SF
Price / SF$252.19
Days on Market48
Property Features for 923 Medical Cir
General Information
- Standard status
- Active
- Size
- 1,368 SF
- Property subtype
- Office
Building Details
- Year Built
- 1978
Listing Agency
Tradd Commercial | Myrtle Beach
(843) 333-4190
Listed by
Adam Cates, CCIM, SIOR
(843) 333-4190
Source
Traddcommercial
Added: Jun 2 Checked: Jul 17 at 5:23 am
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.
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.
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.
Key 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
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JOSEPH VANCE VANDERGRIFF
Pediatrician
STEPHEN ALAN SILBIGER
Physician
Angelic Health Palliative ...
Nursing Home
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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
