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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Outstanding Location 1.5 Million In Trending Sales And Growing! Myrtle Beach, SC 29572

    • Retail properties
    • 5,400 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Outstanding Location 1.5 Million In Trending Sales And Growing!

    Property size
    5,400 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8099
    Latitude
    33.76

    Comparable in this City

    • Value Estimation by Request
      6,400 SF

      10435 Kings Hwy

      Restaurants • 6,400 SF
      10435 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      3,225 SF

      7601 Kings Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,225 SF
      7601 Kings Hwy, Myrtle Beach, SC 29572-3040
      View Details
    • Value Estimation
      $1,285,000
      21,684 SF

      9593 Kings Hwy

      RESTAURANT • 21,684 SF
      9593 Kings Hwy, Myrtle Beach, SC 29572-4005
      View Details
    • Value Estimation
      $510,000
      8,296 SF

      7050 Kings Hwy

      RESTAURANT • 8,296 SF
      7050 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Value Estimation
      $555,000
      8,740 SF

      9918 Kings Hwy

      RESTAURANT • 8,740 SF
      9918 Kings Hwy, Myrtle Beach, SC 29572-4015
      View Details
    • Value Estimation
      $855,000
      14,931 SF

      7900 Kings Hwy

      RESTAURANT • 14,931 SF
      7900 Kings Hwy, Myrtle Beach, SC 29572-3055
      View Details

    Similar Nearby for Sale

    • $1,700,000
      6,400 SF

      Myrtle Beach Restaurant - $1.7M

      Prime Kings Hwy Restaurant, 6400 SF
      10435 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $3,235,000
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      Myrtle Beach Multifamily Investment

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    • $247,900

      Updated Condo Steps From Beach

      Updated 2-bedroom, 2-bath condo near the beach.
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    • $335,000
      1,733 SF

      Intracoastal Waterway View Condo

      Spacious condo with waterway views, close to attractions and beach.
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    • $114,900
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      Oceanfront Efficiency Condo with Amenities

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    Similar Nearby for Lease

    • $18 SF/Yr
      1,600 SF

      Retail Space in Galleria Center

      Retail and restaurant spaces available in Kroger-anchored shopping center.
      9654 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $18 SF/Yr
      2,400 SF

      Retail Space in Myrtle Beach

      Retail opportunity in Kroger-anchored shopping center near popular attractions.
      9650 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $18 SF/Yr
      4,641 SF

      Retail Space in Kroger-Anchored Center

      Retail and restaurant spaces available in Myrtle Beach shopping center.
      9600 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,240 SF

      Retail Outparcel in Myrtle Beach

      Freestanding retail space in high-income Myrtle Beach shopping center.
      7815 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing

      Retail Space Near Coastal Highway

      Retail space with high visibility and traffic near Myrtle Beach.
      10835 Kings Road Ext, Myrtle Beach, SC 29572
      View Details
    • $7,800 /Mo

      Retail Space on Restaurant Row

      Retail space with high visibility, available August 2025.
      964 Lake Arrowhead Rd, Myrtle Beach, SC 29572
      View Details
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    Outstanding Location 1.5 Million In Trending Sales And Growing!
    Myrtle Beach, SC 29572
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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
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