Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1016 2Nd Ave North Myrtle Beach, SC 29582

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Office Space, North Myrtle Beach

    Lot size:
    36,000 SF

    Property Features for 1016 2Nd Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,000 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2008/2017
    Stories
    3

    Spaces For Lease

    at 1016 2Nd Ave, North Myrtle Beach, SC 29582 Contact us

    We can help!

    Listing Contact
    Sheena Rote
    Sheena Rote

    Listing Agency: Tideland Commercial Listing Agent: Sheena Rote

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This prestigious three-story, 36,000 square foot Class A office building, located at 1016 2nd Ave N in North Myrtle Beach, SC 29582, offers a variety of traditional and executive office suites. Built in 2008 and renovated in 2017, the property boasts a striking brick and stucco exterior with abundant natural light from numerous windows. The building features modern interior finishes, including a welcoming lobby, a convenient elevator, a shared boardroom, and a break room. Tenants will appreciate the readily available fiber-optic internet access and ample street-level parking. The property sits on a 1.77-acre lot and is zoned OC. Individual suites range from 102 to 565 square feet, with a minimum divisible space of 205 square feet and a maximum contiguous space of 206 square feet. Currently, 411 square feet of space is vacant. The building's modern amenities and prime location make it an ideal choice for businesses seeking a professional and efficient workspace in Horry County. The property's APN is 35016030060. A sprinkler system and ample signage are also included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Grand Strand Hearing Physician Bankers Life Insurance Agency Andre Sinclair, Bankers ... Insurance Agency Sharon Rowan-Lopez, Bankers ... Insurance Agency Darius McKoy, Bankers ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.6798051
    Latitude
    33.8318136

    Nearby Similar for Lease

    • $4,800 /Mo
      3,000 SF

      North Myrtle Beach Retail Space

      Commercial retail or office space in North Myrtle Beach.
      404-A Main St, North Myrtle Beach, SC 29582
      View Details
    • $1,624 /Mo
      3,733 SF

      North Myrtle Beach Office Space

      Commercial office space at Harbourgate Resort & Marina.
      2100 Sea Mountain Hwy, North Myrtle Beach, SC 29582
      View Details
    • $4,898 /Mo
      2,939 SF

      Retail Space in Power Center

      Retail space available in a premier North Myrtle Beach power center.
      528 Business, North Myrtle Beach, SC 29582
      View Details
    • $148,929
      3,348 SF

      North Myrtle Beach Retail Space

      High-end retail space in a desirable shopping center.
      900 S Highway 17 S, North Myrtle Beach, SC 29582
      View Details
    • $79,422
      2,100 SF

      High-End Retail Space Available

      Newest shopping center in North Myrtle Beach, ready for upfitting.
      900 S Highway 17 S, North Myrtle Beach, SC 29582
      View Details
    • Sponsored
      Contact for pricing

      SC, North Myrtle Beach- 2nd Ave

      Discover many ways to work your way in Pembrook Commons
      1000 2Nd Ave, North Myrtle Beach, SC 29582
      View Details
    • $4,666 /Mo
      2,800 SF

      Retail Space in Surfwood Plaza

      Retail space for lease in North Myrtle Beach retail corridor.
      214-216 Highway 17 North, North Myrtle Beach, SC 29582
      View Details
    • $675 /Mo
      1,645 SF

      Class A Office Space

      Class A office space with modern interior and ample parking.
      1020 2Nd Ave N, North Myrtle Beach, SC 29582
      View Details
    • $20 SF/Yr
      2,800 SF

      Retail Space in Anchored Center

      Retail space available in a well-located shopping center.
      300 Highway 17 N, North Myrtle Beach, SC 29582
      View Details
    • $18 SF/Yr
      2,400 SF

      Retail Space on Highway 17

      Retail space available for lease on Highway 17.
      3600 Highway 17 S, North Myrtle Beach, SC 29582
      View Details
    • $14 SF/Yr
      2,275 SF

      Retail Space Available For Rent

      Retail space available for lease in North Myrtle Beach.
      3500 Highway 17 S, North Myrtle Beach, SC 29582
      View Details
    • Contact for pricing
      5,000 SF

      North Myrtle Beach Retail Space

      5,000 SF retail space for rent in shell condition.
      504 Main St, North Myrtle Beach, SC 29582
      View Details

    FAQs

    What type of property is this?
    Office space - Class A Office Space, North Myrtle Beach
    Where is this office space located?
    The property is located at 1016 2Nd Ave North Myrtle Beach, SC.
    What are key features of this property?
    This property features: Executive suites with all utilities and internet included.; On-site boardroom and break room.; Modern interior finishes.
    (843) 907-2355 Call to check price and availability
    Request Owner's contact information
    1016 2Nd Ave North Myrtle Beach, SC 29582
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1016 2Nd Ave
    North Myrtle Beach, SC 29582
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1016 2Nd Ave North Myrtle Beach, SC 29582
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sheena Rote
    Sheena Rote
    Real Estate License ID: 91544
    (843) 907-2355 (843) 977-2167 (843) 701-1808
    Learn more
    Google sign-in failed. Please try again or use another login method.