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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Day care centers
214 Ronnie Ct Myrtle Beach, SC 29579-4136
Individually Owned
3-yr Hold
Free & Clear
Property ID
US77-3038857
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2004
Construction
CONCRETE
Total area
5,508 SF
Lot
0.8 ac (34,848 SF)
Zoning code
HC
APN
399-11-03-0009
UPID
US77-3038857
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
-
Carolina Forest Child Development & Learning Center, LLC Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.73M
Owner & transaction history
Steve Ernst · 3 yrs held
Steve Ernst
since 2023
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+106.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Myrtle Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,075,000
ML approach
$1,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,520,000
Change: +107% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10% · vs last sale $1.67M (Feb 28 2023)
Last sale anchor
$1.67M
Feb 28 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,871
Tax year 2023
Assessed value
$63,002
Assessed 2023
Effective rate
22.02%
On assessed value
Assessed land
$10,454
Assessed improvement
$52,548
Land market value
$174,240
Improvement market value
$875,800
Total market value
$1,050,040
Applied tax rate
100.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
5,508 SF
Lot
0.8 ac (34,848 SF)
Zoning code
HC
APN
399-11-03-0009
UPID
US77-3038857
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.8 ac
Current owner
From public records · entity-resolved
Steve Ernst
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 6588, AIKEN, SC 29804-6588
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$1,667,000
Steve Ernst
Bauer Associates LLC
Warranty Deed
—
May 15, 2019
$1,400,000
Bauer Assocs LLC
Ocean Pk Of Sc LLC
Warranty Deed
$1,050,000 · Wells Fargo Bk
Sep 29, 2008
—
Ocean Park Of Sc LLC
Cli Holdings LLC
Grant Deed
related
$1,010,000 · Crescent Bk
Apr 23, 2007
$1,100,000
Cli Holdings LLC
Carolina Forest Child Developm
Grant Deed
related
$935,000 · Crescent Bk
Jul 23, 2003
—
Carolina Forest Child Dev
—
Grant Deed
related
—
May 12, 2003
$140,000
Dana K Flanagan
—
Grant Deed
related
—
—
—
Cli Holdings LLC
—
Deed Of Trust
related
$75,000 · Crescent Bk
—
—
Carolina Forest Child Dev Cent
—
Deed Of Trust
related
$104,000 · Coastal Fed'l Bk
—
—
Carolina Forest Child Dev Cent
—
Deed Of Trust
related
$50,000 · Coastal Fed'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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