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Property profile & analytics
OFF-MARKET Estimated value $3,655,000
Medical Office Space

1275 21st N Ave Myrtle Beach, SC 29577-7514

12,448 SF 1.86 ac lot Built 1994
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US77-0511329
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,448 square foot medical office building in Myrtle Beach, South Carolina. The property is situated on a 1.86-acre lot at 1275 21st Avenue North, enjoying high visibility with over 20,000 vehicles passing daily. The building is 100% occupied by Carolina Coastal Plastic Surgery, a well-established tenant operating since 1994, under an absolute triple-net (NNN) lease with 7.1 years remaining. The tenant recently invested over $250,000 in capital improvements and recently extended their lease, demonstrating a strong commitment to the location. The lease features 3% annual rent bumps and two five-year renewal options, extending the lease to December 31, 2031. This prime location is adjacent to Broadway at the Beach, a major tourist attraction drawing over 14 million visitors annually, and is minutes from the beach, Myrtle Beach Boardwalk, Convention Center, and Pelicans Ballpark. The property benefits from strong co-tenancy with national retailers including Lowe's, T.J. Maxx, Target, Sam's Club, Chick-fil-A, Sonic, Bojangles, Wendy's, and Topgolf. The tenant, Carolina Coastal Plastic Surgery Center, is a certified ambulatory surgery center specializing in plastic surgery, led by a highly regarded surgeon. This presents a secure, passive income investment with significant upside potential in a thriving coastal market. The property's strategic location and long-term lease make it an attractive opportunity for discerning investors seeking a stable, high-performing asset.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction CONCRETE BLOCKS
Total area 12,448 SF
Lot 1.86 ac (81,022 SF)
Zoning code PUD
APN 425-05-03-0013
UPID US77-0511329
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Rhinoplasty Medical Clinic
  • Dr. Steven K. White, MD Physician Medical Clinic
  • Myrtle Beach Dermatology Physician Medical Clinic
  • Richard Hussey, MD Physician Medical Clinic
  • Carolina Coastal Plastic Surgery & Medical Spa Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.79M
CAP Approach CAP
$2.87M
Comparable Approach Comparable
$4.35M
Blend (final) Blend
$3.66M
Owner & transaction history
Myrtle Beach Medical Suites LLC · 1 yrs held
Myrtle Beach Medical Suites LLC
since 2025
Last sale
$3.3M
7 recorded transactions
2025
$3.3M
2021
$3.0M
2020
Price N/A
2014
Price N/A
2009
$510,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ct Conservation LM Light Manufacturing District Industrial C-6 Urban Village District Mixed-use MP Medical/Professional District Commercial MU-M Mixed Use, Medium Density Mixed-use MU-H Mixed Use, High Density Mixed-use PUD Planned Unit Development Other PRC Parks, Recreation and Conservation District Conservation RDZ Redevelopment District Zone Floating WM…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 5,329.29 ac
Source code of ordinances
Top alternative use upside
Auto repair, garage $4.7M +25.2%
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