Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4995 Socastee Blvd Myrtle Beach, SC 29588
    Back to Search
    Property profile & analytics

    4995 Socastee Blvd, Myrtle Beach, SC 29588

    View on Map
    • Retail properties & Spaces
    • 4,650 SF
    • 2.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4995 Socastee Blvd

    Year built
    2024
    Lot size
    2.17 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a brand-new, 4,650-square-foot 7-Eleven convenience store and gas station in Myrtle Beach, South Carolina. Built in 2024, this property sits on a 2.165-acre lot and boasts 16 gas pumps. The property benefits from a 15-year absolute NNN lease with a corporate guarantee from 7-Eleven, featuring four 5-year renewal options. Rent increases of 10% every five years are built into the lease, providing a hedge against inflation. The property enjoys a prime location near Myrtle Beach International Airport, Socastee High School, and a dense retail corridor including Taco Bell, Little Caesars, Walgreens, Dunkin', and Burger King. The high-traffic intersection boasts 27,500 and 16,900 vehicles per day on Socastee Blvd and Dick Pond Rd, respectively. Strong demographics, with a 3-mile population exceeding 41,000 and an average household income of $82,480, further enhance the investment potential. The current NOI is $477,456, resulting in a 5.15% cap rate, and the asking price is $9,270,990. This is a management-free investment with zero landlord responsibilities, making it ideal for passive investors. The property's location and strong tenant contribute to a secure and profitable investment.

    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
    -78.9988
    Latitude
    33.6827

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      6302 Hwy 707

      GAS STATION
      6302 Hwy 707, Myrtle Beach, SC 29588-7367
      View Details
    • Value Estimation
      $660,000
      3,240 SF

      Myrtle Beach, SC 29588

      GAS STATION
      Myrtle Beach, SC 29588
      View Details
    • Value Estimation
      $620,000
      3,516 SF

      4510 Socastee Blvd

      CONVENIENCE STORE
      4510 Socastee Blvd, Myrtle Beach, SC 29588
      View Details
    • Value Estimation
      $1,305,000
      4,424 SF

      6151 Hwy 707

      CONVENIENCE STORE
      6151 Hwy 707, Myrtle Beach, SC 29588-7303
      View Details
    • Value Estimation
      $895,000
      3,848 SF

      6222 Hwy 707

      CONVENIENCE STORE
      6222 Hwy 707, Myrtle Beach, SC 29588-7322
      View Details
    • Value Estimation
      $560,000
      1,600 SF

      7981 Hwy 544

      CONVENIENCE STORE
      7981 Hwy 544, Myrtle Beach, SC 29588-9243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,714 SF

      Black Rifle Coffee Company For Sale

      Drive-thru coffee shop with a long-term net lease.
      118 Loyola Dr, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in Myrtle Beach, South Carolina.
      4995 Socastee Blvd, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing
      5,040 SF

      Retail Property in Growing Area

      Retail property on 1.41 acres near major retailers.
      1380 South Cmns Dr, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Myrtle Beach

      1,800 SF retail space available for lease.
      122 Loyola Dr, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing

      Commercial Property on Forestbrook Road

      Two properties totaling nearly two acres on Forestbrook Road.
      3054 Forestbrook Rd, Myrtle Beach, SC 29588
      View Details
    • $850,000
      5,556 SF

      Commercial Property in Myrtle Beach

      Commercial property for sale in a fast-growing area.
      100 Lichen Ct, Myrtle Beach, SC 29588
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      2,000 SF

      Myrtle Beach Commercial Storage Space

      New storage executive center with climate control in Myrtle Beach.
      8390 Highway 707, Myrtle Beach, SC 29588
      View Details
    • $7,800 /Mo
      2,520 SF

      Commercial Property with Ample Parking

      Versatile commercial space with parking, offices, and storage.
      150 Sun Light Dr, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing

      Retail Pad Sites For Lease

      Multiple retail pad sites available for lease in Myrtle Beach.
      Myrtle St, Myrtle Beach, SC 29588
      View Details
    • $2,800 /Mo
      2,600 SF

      Retail Space in Myrtle Beach

      Retail space available for lease in Myrtle Beach, SC.
      2507 Forestbrook Rd, Myrtle Beach, SC 29588
      View Details
    • $2,050 /Mo
      1,861 SF

      Retail Space in Myrtle Beach

      Retail space available for lease in Myrtle Beach, SC.
      2507 Forestbrook Rd, Myrtle Beach, SC 29588
      View Details
    • New
      Contact for pricing

      Highway Frontage Flex Space Available

      Flex space with highway frontage, divisible to 3,400 SqFt.
      6471 Dick Pond Rd, Myrtle Beach, SC 29588
      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.
    4995 Socastee Blvd
    Myrtle Beach, SC 29588
    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
    4995 Socastee Blvd, Myrtle Beach, SC, 29588
    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!