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    Century 21 Broadhurst

    2304 North Kings Highway, Myrtle Beach, SC 29577
    (843) 448-7169
    Web Site
    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Land
    • Commercial Lease
    • Residential Multi Family

    Listings

    For Sale (9)

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    Residential Lot in Murrells Inlet
    $99,900
    0.50 Acres

    Residential Lot in Murrells Inlet

    Half-acre residential lots in a charming coastal town.

    3 Shun Ave, Murrells Inlet, SC 29576
    View details
    2.59 Acres Near Waccamaw River
    $103,000
    2.59 Acres

    2.59 Acres Near Waccamaw River

    2.59 acre residential lot near Waccamaw River, Conway, SC.

    2108 Lees Landing Cir, Conway, SC 29526
    View details
    Residential Lot Near Highway 9
    $220,500
    7.99 Acres

    Residential Lot Near Highway 9

    7.99 acre residential lot, peaceful getaway close to beach.

    2 Fries Bay Rd, Loris, SC 29569
    View details
    Conway Acreage For Residential/Farm Use
    $450,000
    12.04 Acres

    Conway Acreage For Residential/Farm Use

    12 acres near Hwy 66, ideal for residential or farm.

    Tbd Not Specified, Conway, SC 29526
    View details
    Residential Lot Near Intracoastal Waterway
    $150,000
    0.22 Acres

    Residential Lot Near Intracoastal Waterway

    0.22-acre homesite near Intracoastal Waterway, no HOA, Little River.

    4385 6Th Ave N, Little River, SC 29566
    View details
    Retail Space on Kings Highway
    $344,000
    2,375 SF

    Retail Space on Kings Highway

    Retail space on Kings Highway in Myrtle Beach for sale.

    1609 N Kings Hwy, Myrtle Beach, SC 29577
    View details
    Retail Space on Kings Highway
    $344,000
    2,375 SF

    Retail Space on Kings Highway

    Retail space for sale on Kings Highway in Myrtle Beach.

    1609 N Kings Hwy, Myrtle Beach, SC 29577
    View details
    Residential Lot Near North Myrtle Beach
    $105,500
    1.50 Acres

    Residential Lot Near North Myrtle Beach

    1.5 acre residential lot, 20 minutes from North Myrtle Beach.

    Tbd Sugar Bowl Ln, Longs, SC 29568
    View details
    Dominican Restaurant and Entertainment Venue
    $100,000
    11,250 SF

    Dominican Restaurant and Entertainment Venue

    Established restaurant and bar with entertainment space in Myrtle Beach.

    811 Seaboard St, Myrtle Beach, SC 29577
    View details

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    Century 21 Broadhurst
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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.

    More about this property
    Century 21 Broadhurst
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