Renovated Two-Story Office
New
For Sale
$875,000
9300 Highway 17 Bypass, Murrells Inlet, SC 29576
HC-zoned office property with updated interiors, front and rear parking, and direct exposure along Highway 17 Bypass.
Property Size3,152 SF
Lot Size0.69 Acres
Price / SF$277.60
Days on Market2
Property Features for 9300 Highway 17 Bypass
General Information
Standard status
Active
Size
3,152 SF
Lot size
0.69 Acres
Property subtype
Commercial
Zoning
HC
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Stories
2
Abandoned
No
Listing Agency:
NAI The Litchfield Company
Listed By:
Abernethy & Jones Commercial Group · License #16745
(843) 241-2654
Source:
Surfsiderealtysales
Added: Sep 16
Last Checked: Sep 16 at 2:44PM
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 NAI The Litchfield Company
Investment Insights
Based on property information with market context.
Located at 9300 Highway 17 Bypass in Murrells Inlet, this freshly renovated office building provides approximately 3,152 SF across two stories on a ±0.69-acre site. The layout supports private offices, conference rooms, administrative areas, and additional workspace within a stand-alone commercial setting.
Front and rear parking provide access for employees and visitors. The property sits along Highway 17 Bypass with a 2025 SCDOT traffic count of approximately 36,200 vehicles per day, offering prominent roadway exposure for signage. HC (Highway Commercial) zoning allows a broad range of commercial uses, including professional office, medical, financial, real estate, insurance, and other service-oriented operations.
Front and rear parking provide access for employees and visitors. The property sits along Highway 17 Bypass with a 2025 SCDOT traffic count of approximately 36,200 vehicles per day, offering prominent roadway exposure for signage. HC (Highway Commercial) zoning allows 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 in Murrells Inlet
- Freshly renovated interior with flexible office layout
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 - HC-zoned office property with updated interiors, front and rear parking, and direct exposure along Highway 17 Bypass.
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 in Murrells Inlet; Freshly renovated interior with flexible office layout
