Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11947 Grandhaven Dr Murrells Inlet, SC 29576
    Back to Search
    Property profile & analytics

    11947 Grandhaven Dr, Murrells Inlet, SC 29576

    View on Map
    • Office Spaces
    • 1,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 11947 Grandhaven Dr

    Property type
    Office Spaces
    Property subtype
    Land

    Description

    This exceptional 1,500 square foot office space is ideally situated within the Grandhaven Professional Office Complex in Murrells Inlet, South Carolina. Located off Highway 17 Bypass and Inlet Square Drive, this single-tenant unit offers convenient access to a variety of amenities, including nearby offices, retail shops, restaurants, and residential communities. The property boasts a prime location, easily accessible via Highway 17 Bypass and a short drive from the Garden City Connector. Detailed directions are available upon request. The space itself comprises a well-designed layout including a lobby with reception counter, a reception office, five private offices, a conference room, a breakroom, storage room, a supply closet, and two restrooms. This Class A office space is perfect for a business seeking a professional and convenient location. The unit is available for lease starting November 1, 2023. Please note that the square footage is approximate and should be independently verified by the prospective lessee. This is a fantastic opportunity to secure a highly desirable office space in a thriving area. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0247
    Latitude
    33.5881

    Comparable in this City

    • Value Estimation by Request
      3,710 SF

      11945 Grandhaven Dr

      Land
      11945 Grandhaven Dr, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      1.09 Acres

      1255 Tadlock Dr

      Land
      1255 Tadlock Dr, Little River, SC 29576
      View Details
    • Value Estimation by Request
      1.03 Acres

      3730 Us Hwy 17 Byp

      Land
      3730 Us Hwy 17 Byp, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      2.58 Acres

      2.58 Acres Hwy 707 @ Fenway Dr

      Land
      0 2.58 Acres Hwy 707 @ Fenway Dr, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      0.26 Acres

      4630 Us Hwy 17 Byp

      Land
      4630 Us Hwy 17 Byp, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      5.10 Acres

      12389 Sc-707

      Land
      12389 Sc-707, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 707 Land Opportunity

      Land available on Highway 707 in Murrells Inlet, SC.
      12389 Highway 707, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Land Available on US Highway

      Land for sale on US Highway 17 Bypass South.
      Us Hwy 17 Byp South, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Murrells Inlet, SC.
      1255 Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing
      18,650 SF

      Highway 17 Land For Sale

      Land available on Highway 17 in Murrells Inlet.
      Highway 17, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Highway 17 Land For Sale

      Land available on Highway 17 in Murrells Inlet.
      3545 Highway 17, Murrells Inlet, SC 29576
      View Details
    • $750,000
      0.89 Acres

      Commercial Land in Murrells Inlet

      Commercial land suitable for restaurant, medical, or retail development.
      4540 Highway 17 S, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/QSR Location Available

      High-visibility commercial space with drive-thru access and ample parking.
      8733 Highway 17 Byp N, Murrells Inlet, SC 29576
      View Details
    • $3,000 /Mo
      2,200 SF

      Office Warehouse in Murrells Inlet

      Office warehouse building for lease with great location and visibility.
      11772 S Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • $1,500 /Mo
      1,000 SF

      Office Space in Murrells Inlet

      Office space for lease in the heart of Murrells Inlet.
      889 Inlet Square Dr, Murrells Inlet, SC 29576
      View Details
    • $1,458 /Mo
      1,250 SF

      Murrells Inlet Office/Retail/Medical Space

      Multi-tenant building with office/retail/medical space for lease.
      637 Bellamy Ave, Murrells Inlet, SC 29576
      View Details
    • $3,670 /Mo
      1,000 SF

      Professional Office Space Available

      Professional office space for lease in Murrells Inlet, SC.
      5187 Horry Dr, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing
      1,299 SF

      Professional Office Building For Lease

      Professional office building in Murrells Inlet with customizable units.
      4717 Highway 17, Murrells Inlet, SC 29576
      View Details
    Request Owner's contact information
    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.
    11947 Grandhaven Dr
    Murrells Inlet, SC 29576
    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
    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

    Thank You for Inquiry
    11947 Grandhaven Dr, Murrells Inlet, SC, 29576
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!