Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    SC Market Cmn Farrow Pkwy And Nash Blvd. Myrtle Bch Myrtle Beach, SC 29577
    Property profile & analytics

    SC Market Cmn Farrow Pkwy And Nash Blvd. Myrtle Bch, Myrtle Beach, SC 29577

    View on Map
    • Land
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for SC Market Cmn Farrow Pkwy And Nash Blvd. Myrtle Bch

    Lot size
    4.00 lot acres
    Property type
    Land

    Description

    This exceptional 4-acre parcel, located at the intersection of Farrow Parkway and Nash Blvd in Myrtle Beach, South Carolina, presents a unique investment opportunity. Priced at $1,600,000 ($800,000 per acre), this property boasts a prime location within the thriving Market Common area. The permitted Planned Unit Development (PUD) zoning allows for a diverse range of uses, including residential, retail, office, multi-family, medical, hotel, and senior living developments. The site benefits from its proximity to recently constructed facilities such as Doctors Care, Turbo Car Wash, Anderson Brothers Bank, Tidelands Health, and a Walmart Neighborhood Market. Further enhancing its appeal are the beautifully landscaped roads and bike paths in the immediate vicinity. Within a mile radius, residents and businesses can enjoy the unique shopping, dining, and entertainment options of the Market Common area, including a movie theater. The area is also experiencing significant growth with new residential housing developments underway. The Horry County PIN is # 44100000566.0. This property offers unparalleled potential for developers seeking to capitalize on the burgeoning growth and desirability of Myrtle Beach's Market Common. The combination of flexible zoning, strategic location, and surrounding amenities makes this a truly remarkable investment prospect.

    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
    -78.9569
    Latitude
    33.6833

    Comparable in this City

    • Value Estimation by Request
      1.52 Acres

      Hartsfield Pl

      Land
      0 Hartsfield Pl, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      1.60 Acres

      17 70Th Ave

      Land
      17 70Th Ave, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      2,646 SF

      1390 Lotus At Market Cmn

      Restaurants
      1390 Lotus At Market Cmn, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      3.22 Acres

      Oak Forest Ln

      Land
      0 Oak Forest Ln, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      1.00 Acre

      3013 Church St

      Flex space
      3013 Church St, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      2,958 SF

      3009 Church St

      Land
      3009 Church St, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Myrtle Beach

      Land available for sale in Myrtle Beach, South Carolina.
      1900 Us-501, Myrtle Beach, SC 29577
      View Details
    • $390,000
      1,943 SF

      Myrtle Beach Multifamily Opportunity

      Duplex near the beach, zoned for high-density multifamily development.
      406 13Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $88,000

      Oceanfront Condo with Rental Potential

      Updated oceanfront condo in Myrtle Beach with strong rental demand.
      1501 S Ocean Blvd. #1115, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      1,400 SF

      Top Floor Golf Course Condo

      Three-bedroom condo with golf course views and many amenities.
      4893 Magnolia Pointe Ln, Myrtle Beach, SC 29577
      View Details
    • $1,339,900
      13,200 SF

      Myrtle Beach Multifamily Investment Opportunity

      Centrally located multi-unit apartment property in high-demand coastal rental market.
      906 3Rd Ave N, Myrtle Beach, SC 29577
      View Details
    • $764,900
      2,821 SF

      Turn-Key Multifamily Near Myrtle Beach

      Multifamily property with three units near the beach.
      403 13Th Ave S, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Myrtle Beach

      Land available for rent in Myrtle Beach, South Carolina.
      904 Todd St, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Land For Rent Myrtle Beach

      Land available for rent in Myrtle Beach, South Carolina.
      912 Todd St, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Retail Pad in Shadow Center

      2.2 AC retail pad in high-traffic tourist area.
      Oak Forest Ln, Myrtle Beach, SC 29577
      View Details
    • $16 SF/Yr

      High-Traffic Retail/Office Space Available

      Highly visible commercial space on a primary Myrtle Beach corridor.
      2903 North Kings Highway Ext, Myrtle Beach, SC 29577
      View Details
    • $16 SF/Yr

      Myrtle Beach Office Space For Lease

      Office space for lease near Myrtle Beach's financial corridor.
      601 19Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $18 SF/Yr

      Downtown Conway Professional Office Space

      Professional office space in Downtown Conway, available in 2025.
      1312 2Nd Ave, Conway, SC 29577
      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.
    SC Market Cmn Farrow Pkwy And Nash Blvd. Myrtle Bch
    Myrtle Beach, SC 29577
    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
    SC Market Cmn Farrow Pkwy And Nash Blvd. Myrtle Bch, Myrtle Beach, SC, 29577
    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!