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1293 Professional Dr, Myrtle Beach, SC 29577
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Property summary
AI-generated overview
This exceptional two-story, 10,040 square foot Class B office building presents a compelling owner-user opportunity in Myrtle Beach, South Carolina's thriving Oleander Drive Office District. Situated on a 0.61-acre lot, this property boasts 32 parking spaces and is conveniently located near major roadways, including Highway 17 Bypass and Grissom Parkway, ensuring easy access for employees and clients. The building, constructed in 1996, features two units, currently at 73% occupancy with a modified lease structure. One unit, Suite C (2,400 square feet), is currently vacant and offers traditional office space including reception, multiple offices, a conference room, kitchenette, storage, and restrooms. The other unit is comprised of executive office suites under short-term leases. The property is zoned OPI and is located outside Myrtle Beach city limits in Horry County. With a strong permanent population within a five-mile radius (68,122), this location offers excellent visibility and proximity to medical, professional, retail, and residential areas. The asking price is $3,450,000. Square footage is approximate
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
10,280 SF
Lot
0.61 ac (26,572 SF)
Zoning code
OPI
APN
420-11-03-0063
UPID
US77-2000228
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
General Contractor Construction Company
-
Law Firm Child Welfare Organization
-
Medical Clinic
-
Distribution Center Logistics Company
-
Engineer Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.07M
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$570k
Owner & transaction history
since 2025
Last sale
$2.3M
1 recorded transaction
Zoning & alternative use
OPI · Myrtle Beach, SC
Top alternative use upside
Medical building
$3.1M
+23.4%
Apartment house (5+ units)
$2.9M
+16.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$570k
Value range
$513k – $627k
±10% around blend
Estimated value / SF
$55 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$513k
blend $570k
$627k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,280 SF
Lot area
0.61 ac
Year built
1996
APN
420-11-03-0063
Zoning
OPI
Assessed value
$52,878
Annual tax
$11,769
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.07M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.24M
@ 6.5% CAP return
$2.07M
@ 7% CAP return
$1.92M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$11,769
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.82M
Range $1.82M – $3.78M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$570k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 64 sales
$244
-77%
Submarket 135 sales
$229
-76%
County 200 sales
$224
-75%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $55/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+23%
vs current-use indication
Apartment House (5+ Units)
Office Building · current use
Restaurant
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
3.65%
Selected cap rate for this office buildings
Derived from the Myrtle Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.65%
9.0%
NOI (est.)
$126k *
Last sale · Jun 2025
$2.33M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.45M
Move the market yield to see immediate price impact.
Value / SF
$335
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.15%3.65%4.15%
$113k
$3.60M
$3.10M
$2.73M
$126k
$3.99M
$3.45M
$3.03M
$138k
$4.39M
$3.79M
$3.34M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,769
Tax year 2023
Assessed value
$52,878
Assessed 2023
Effective rate
22.26%
On assessed value
Assessed land
$22,321
Assessed improvement
$30,557
Land market value
$372,010
Improvement market value
$669,100
Total market value
$1,041,110
Applied tax rate
800.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1996
Heating
SOLAR
Cooling
CENTRAL
Total area
10,280 SF
Lot
0.61 ac (26,572 SF)
Zoning code
OPI
APN
420-11-03-0063
UPID
US77-2000228
Jurisdiction
HORRY
Zoning & alternative use
OPI · Myrtle Beach, SCZoning OPI · permitted uses
OPI · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
SOLAR
Cooling
Yes
Lot
0.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
OPI
Jurisdiction
Myrtle Beach, SC
Recorded code
OPI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OPI in Myrtle Beach, SC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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