Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Business St Myrtle Beach, SC 29575
    Property profile & analytics

    17 Business St Myrtle Beach, SC 29575

    View on Map
    • Retail properties & Spaces
    • 11.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nirvana Authentic Indian Restaurant / Restaurant

    Property Details for 17 Business St

    Lot size
    11.26 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Myrtle Beach, South Carolina. Located at the highly visible intersection of Highway 544 and Highway 17 Business, this property is part of the master-planned Ocean Lakes Village redevelopment. The site boasts a total of 13.06 acres, with various parcels available for ground lease or build-to-suit options, catering to retailers and restaurants. Phase I is development-ready, featuring existing retail establishments, while Phase II includes a Walmart Neighborhood Market and other successful businesses. This prime location benefits from significant foot traffic, drawing approximately 60,000 weekly visitors during peak season (June-August) from nearby campgrounds including Ocean Lakes Family Campground, Lakewood Campground, Pirateland Campground, and Myrtle Beach Vacation Resort. The property offers excellent visibility and signage opportunities, including placement on three common pylon signs. Available parcels range in size, providing flexibility for various development needs. This is an ideal location to capitalize on the high volume of tourism in this thriving area of Myrtle Beach. The vacant space totals 1,500 square feet, and the property is situated in Horry County, South Carolina, with a zip code of 29575. This is a single-tenancy property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9627
    Latitude
    33.6294

    Comparable in this City

    • Value Estimation by Request
      4.95 Acres

      8703 Hwy 17 Byp South Park Ctr

      Land • 1,500 SF
      8703 Hwy 17 Byp South Park Ctr, Surfside Beach, SC 29575
      View Details
    • Value Estimation by Request
      1.02 Acres

      1708 Deerfield Plz

      Lifestyle centers • 1,723 SF
      1708 Deerfield Plz, Myrtle Beach, SC 29575
      View Details
    • Value Estimation by Request

      910 Highway 17

      Land
      910 Highway 17, Surfside Beach, SC 29575
      View Details
    • Value Estimation by Request
      0.95 Acres

      Beaver Run Blvd

      Land • 0.95 Acres
      0 Beaver Run Blvd, Surfside Beach, SC 29575
      View Details
    • Value Estimation by Request
      2.77 Acres

      Frontage Rd

      Land • 2.77 Acres
      0 Frontage Rd, Surfside Beach, SC 29575
      View Details
    • Value Estimation by Request

      1251 Dick Pond Rd

      Manufacturing properties
      1251 Dick Pond Rd, Myrtle Beach, SC 29575
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,510 SF

      Retail Property in Surfside Beach

      Retail property for sale in Surfside Beach, South Carolina.
      2016 Highway 17, Surfside Beach, SC 29575
      View Details
    • $750,000

      Surfside Beach Commercial Land

      Prime Hwy 17 Commercial Lot, Pad-Ready
      910 Highway 17, Surfside Beach, SC 29575
      View Details
    • $1,200,000
      1.52 Acres

      Surfside Beach Redevelopment Opportunity

      1.52 acres with 9,000 SF building for redevelopment.
      910 Highway 17 S, Surfside Beach, SC 29575
      View Details
    • $700,000
      1.00 Acre

      Surfside Beach Commercial Opportunity

      5,000 SF building with outdoor storage on 1 acre.
      910 Business St S, Surfside Beach, SC 29575
      View Details
    • Contact for pricing
      10,100 SF

      Surfside Beach Preschool Investment Property

      NNN Cadence Academy Preschool with favorable annual rent escalators.
      2401 Discovery Ln, Myrtle Beach, SC 29575
      View Details
    • $700,000
      3.98 Acres

      Surfside Beach Multi-Family Lot

      3.98 acre lot zoned for single and duplex units.
      Deerfield Links Dr, Surfside Beach, SC 29575
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Retail Space in Surfside Commons

      Retail space available in a Walmart shadow center.
      2743 Beaver Run Blvd, Surfside Beach, SC 29575
      View Details
    • $11,250 /Mo
      9,000 SF

      Versatile Commercial Building in Surfside

      9,000 SF building on 1.5 acres for lease.
      910 Business St, Surfside Beach, SC 29575
      View Details
    • Contact for pricing

      Retail Space in Surfside Beach

      Multi-tenant building for lease in the heart of Surfside Beach.
      S & Glenns Bay Rd, Surfside Beach, SC 29575
      View Details
    • $24 SF/Yr

      Oceanfront Retail Space Available

      Prime retail space near campgrounds, available Q1 2026.
      5905 S Kings Hwy, Myrtle Beach, SC 29575
      View Details
    • $13,750 /Mo
      10,000 SF

      Surfside Beach Commercial Warehouse Space

      Redeveloped warehouse space with outdoor storage in Surfside Beach.
      910 Business St, Surfside Beach, SC 29575
      View Details
    • $22 SF/Yr

      Turn-Key Medical Office Space

      8,300 SF medical office in Surfside Beach, South Carolina.
      1945 Glenns Bay Rd, Surfside Beach, SC 29575
      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.
    17 Business St
    Myrtle Beach, SC 29575
    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
    17 Business St, Myrtle Beach, SC, 29575
    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!