Highway Retail
942B Highway 501, Myrtle Beach, SC 29577
For Sale
Contact for pricing
The interior is in good condition and currently configured for retail use.
Property Size1,800 SF
Price / SF$0.83
Days on Market46
Property Features for 942B Highway 501
General Information
Standard status
Size
Additional Details
Traffic Count
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Christine Eisenberg · License SC #313263
(201) 803-5250
Source:
Edgarwilson
Added: Sep 26
Changed: Oct 31
Last Checked: Nov 8 at 5:54AM
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 Continental Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,800-square-foot retail space has an interior described as being in good condition and is currently used for retail. Ample parking is available.
The property is on Highway 501 in Myrtle Beach. Walmart and Home Depot are each about one mile away. Reported traffic is approximately 30,000 cars per day, with speeds under 45 mph.
The property is on Highway 501 in Myrtle Beach. Walmart and Home Depot are each about one mile away. Reported traffic is approximately 30,000 cars per day, with speeds under 45 mph.
Key Highlights
- 1,800‑square‑foot retail space
- Currently used for retail; interior in good condition
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,241
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,820
$524.8K
Cap Rate 7%
$374,871
$374.9K
Cap Rate 9%
$291,567
$291.6K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.4K $21.36/SF
− Vacancy
−$961 −$0.53/SF
EGI
$37.5K $20.83/SF
− OpEx
−$11.2K −$6.25/SF
NOI
$26.2K $14.58/SF
Area
Horry County, SC
Vacancy
2.50%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$524,820
Cap Rate 7%
$374,871
Cap Rate 9%
$291,567
Alternative Uses
Best Use
Retail
$374.9K
$328.0K – $437.4K
NOI $26,241 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,330
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 17%
Home Improvements & Furnishings 4%
Circle K
Shops & Services
9,358 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
5,262 visits/mo
0.5 miles
Dollar General
Shops & Services
5,229 visits/mo
0.5 miles
Dollar General
Shops & Services
3,777 visits/mo
0.5 miles
AutoZone
Shops & Services
3,551 visits/mo
0.1 miles
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Average Price Trend$/SF for Retail space in Myrtle Beach, SC
Properties on Market for Retail space in Myrtle Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The interior is in good condition and currently configured for retail use.
Where is this retail space located?
The property is located at 942B Highway 501 Myrtle Beach, SC.
What are key features of this property?
This property features: 1,800‑square‑foot retail space; Currently used for retail; interior in good condition; Ample parking available
