Renovated Two-Story Office
New
For Sale
$875,000
9300 Highway 17 Bypass, Murrells Inlet, SC 29576
COMMERCIAL/INDUSTRIAL, Murrells Inlet, SC
Property Size3,152 SF
Lot Size0.69 Acres
Price / SF$277.60
Days on Market2
Property Features for 9300 Highway 17 Bypass
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
HC
Subdivision
27B Murrells Inlet - Horry County
Standard status
Active
Size
3,152 SF
Lot size
0.69 Acres
Building Details
Floors in Building
2
Number of units
1
Listing Agency:
NAI The Litchfield Company
(843) 979-6754
Listed By:
Abernethy & Jones Commercial Group · License #1033
(843) 241-2654
Added: Sep 15
Last Checked: Sep 16 at 6:06PM
MLS# 2622822
Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story office building provides approximately 3,152 square feet of recently renovated commercial space on a 0.69-acre site. The configuration supports private offices, conference areas, administrative functions, and additional workspace within a standalone building. Front and rear parking areas serve employees and visitors.
The property is located at 9300 Highway 17 Bypass in Murrells Inlet, with direct exposure along the commercial corridor. A 2025 SCDOT traffic count reports approximately 36,200 vehicles per day. HC, or Highway Commercial, zoning accommodates a broad range of commercial uses, including professional office, medical, financial, real estate, insurance, and other service-oriented operations.
The property is located at 9300 Highway 17 Bypass in Murrells Inlet, with direct exposure along the commercial corridor. A 2025 SCDOT traffic count reports approximately 36,200 vehicles per day. HC, or Highway Commercial, zoning accommodates a broad range of commercial uses, including professional office, medical, financial, real estate, insurance, and other service-oriented operations.
Key Highlights
- Approximately 3,152 SF two‑story office building
- 0.69‑acre site with front and rear parking
- Recently renovated commercial interiors
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
$38,580
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
4.41%
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%
$771,600
$771.6K
Cap Rate 7%
$551,143
$551.1K
Cap Rate 9%
$428,667
$428.7K
Market Conditions
NOI Build-Up for 3,152 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
$60.5K $19.20/SF
− Vacancy
−$9.1K −$2.88/SF
EGI
$51.4K $16.32/SF
− OpEx
−$12.9K −$4.08/SF
NOI
$38.6K $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 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%
$771,600
Cap Rate 7%
$551,143
Cap Rate 9%
$428,667
Alternative Uses
Best Use
Office B
$551.1K
$482.3K – $643.0K
NOI $38,580 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.8K
$699.0K – $932.0K
NOI $55,919 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
191
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Standalone commercial property with updated interiors, front and rear parking, and HC Highway Commercial zoning.
Where is this office building located?
The property is located at 9300 Highway 17 Bypass Murrells Inlet, SC.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Approximately 3,152 SF two‑story office building; 0.69‑acre site with front and rear parking; Recently renovated commercial interiors
