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    4702 Oleander Dr Myrtle Beach, SC 29577
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    Property profile & analytics

    4702 Oleander Dr, Myrtle Beach, SC 29577

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    • Office buildings
    • 9,432 SF
    • 0.70 lot acres
    For Sale
    $2,150,000
    View Listing →
    Two-Story Office Building in Myrtle Beach For Sale
    $2,150,000
    9,432 SF

    Two-Story Office Building in Myrtle Beach

    Well-maintained office building in Myrtle Beach's professional corridor.

    4702 Oleander Dr., Myrtle Beach, SC 29577
    View Listing
    Property ID
    US77-1970172
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    7.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Clifford H Tall Law Office / Law Firm
    • Coastal Shores Realty / Real Estate Agency
    • Southwest Funding / Loan Service / Bank
    • Tracey Freeman – Speaker, Trainer & Coach / Life Coach
    • Touch of Ge’Ana / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 4702 Oleander Dr

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    0.70 lot acres
    Zone code
    OPI
    Property type
    Office buildings
    APN
    420-11-03-0062
    APU
    42011030062

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 3, 2024 $1,250,000 Num 4702oleander LLC Betty Sun Wong Warranty Deed —
    Nov 22, 2021 $1,050,000 Betty Sun Wong Cjr Dev Corp Warranty Deed $560k · Synovus Bank
    — — Cjr Dev Corp — Deed Of Trust · related $425k · First Citizens Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,670,000
      ML approach
      $1,665,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,050,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,667,000
      Market price range: $1.67M - $3.47M
      AI Estimate
      $1,314,000
      Market price range: $966k - $3.48M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,300,000
      Current use
      RESTAURANT
      $2,180,000
      Change: -5% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8615
    Latitude
    33.732
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,438
    $14,636
    $36,564
    $51,200
    -
    $243,940
    $773,800
    $1,017,740

    Comparable in this City

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      1705 Oak St

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      540 SF

      1705 Oak St

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      1705 Oak St, Myrtle Beach, SC 29577-3580
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    • Value Estimation
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      5,678 SF

      414 17th S Ave

      OFFICE BUILDING
      414 17th S Ave, Myrtle Beach, SC 29577-4606
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      3,593 SF

      604 27th N Ave

      OFFICE BUILDING
      604 27th N Ave, Myrtle Beach, SC 29577-3160
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    • Value Estimation
      $635,000
      4,200 SF

      602 27th N Ave

      OFFICE BUILDING
      602 27th N Ave, Myrtle Beach, SC 29577-3160
      View Details

    Similar Nearby for Sale

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      24,000 SF

      Highway Frontage Warehouse with Office

      24,000 SF building with office and warehouse space.
      3005 N Highway 17 Byp, Myrtle Beach, SC 29577
      View Details
    • $1,249,900
      4,400 SF

      Myrtle Beach Office Building Investment

      Well-maintained, fully leased office building in central Myrtle Beach.
      4605 Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • $2,150,000
      9,432 SF

      Two-Story Office Building in Myrtle Beach

      Well-maintained office building in Myrtle Beach's professional corridor.
      4702 Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      10,280 SF

      Myrtle Beach Office Building For Sale

      Two-story office building in Myrtle Beach's Oleander Dr Office/Professional District.
      1293 Professional Dr, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      4,400 SF

      Myrtle Beach Office Building Investment

      Well-maintained, fully leased office building in prime Myrtle Beach location.
      4605 Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Myrtle Beach Office Building For Sale

      Two-story office building in Myrtle Beach's Oleander Dr office district.
      4589 Oleander Dr, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr

      Class A Office Building

      New Class A office space available for lease in Myrtle Beach.
      1103 48Th Avenue Ext North, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Class A Office Building

      Professional office building in the Founders Centre Corporate Campus.
      611 Burroughs And Chapin Blvd, Myrtle Beach, SC 29577
      View Details
    • $24,000
      12,000 SF

      Class A Office Building

      Office building near amenities, tenants in place until 2027.
      601 21St Ave N, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Freestanding Office Building in Myrtle Beach

      Office building in The Market Common District for rent.
      1051 Shine Ave, Myrtle Beach, SC 29577
      View Details
    • $5,000 /Mo
      2,230 SF

      Professional Office Building in Myrtle Beach

      Well-maintained office building in the heart of Myrtle Beach.
      607 19Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $550 /Mo

      Class A Office Space Available

      Class A office building in Myrtle Beach's business district.
      2411 N Oak St, Myrtle Beach, SC 29577
      View Details
    View Listing
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    Myrtle Beach, SC 29577
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    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.

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