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    Property profile & analytics

    Highway 707 Myrtle Beach, SC 29588

    • Land
    • 9.83 lot acres
    For Sale
    View listing
    $2,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 707

    Lot size
    9.83 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0299
    Latitude
    33.6413

    Comparable in this City

    • Value Estimation by Request
      3.50 Acres

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      1,800 SF

      3260 Holmestown Rd D

      Land • 1,800 SF
      3260 Holmestown Rd D, Myrtle Beach, SC 29588
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      18,700 SF

      3041 - Holmestown Industrial Park

      Distribution properties • 18,700 SF
      3041 - Holmestown Industrial Park, Myrtle Beach, SC 29588
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      15.00 Acres

      707 Tbd Hwy

      Land • 15.00 Acres
      707 Tbd Hwy, Myrtle Beach, SC 29588
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    • Value Estimation by Request
      1.11 Acres

      707 Tbd Hwy

      Land • 1.11 Acres
      707 Tbd Hwy, Myrtle Beach, SC 29588
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    • Value Estimation by Request
      900 SF

      4504 Socastee Plz

      Land • 900 SF
      4504 Socastee Plz, Myrtle Beach, SC 29588
      View Details

    Similar Nearby for Sale

    • $1,400,000
      3.50 Acres

      Highway 707 Commercial Land

      3.5 Acres, High Traffic, Myrtle Beach
      0 Tbd Hwy 707, Myrtle Beach, SC 29588
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    • $4,500,000
      15.00 Acres

      Highway 707 Commercial Land

      15 Acres, Myrtle Beach, SC - $4.5M
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    • $319,800
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      Queens Harbour Commercial Land

      1.31 Acres, Prime Myrtle Beach Location
      3005 Newcastle Loop Myrtle Bch, Myrtle Beach, SC 29588
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    • $2,950,000
      9.83 Acres

      Highway 707 Commercial Land

      Myrtle Beach commercial land, high traffic.
      0 Highway 707, Myrtle Beach, SC 29588
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    • $2,500,000
      5.53 Acres

      Myrtle Beach Industrial Land Investment

      5.53 Acres, 20 Units, High Potential
      7481 Enterprise Rd, Myrtle Beach, SC 29588
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    • $550,000
      1.11 Acres

      Prime Myrtle Beach Commercial Land

      1.1 Acres, HC Zoning, High Traffic Area
      0 Tbd Hwy 707, Myrtle Beach, SC 29588
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,800 SF

      Holmestown Road Office Space

      1,800 sq ft Office, Prime Location
      3260 Holmestown Rd D, Myrtle Beach, SC 29588
      View Details
    • $89,000

      Socastee Commercial Land - Hwy 707

      Prime 1.05-acre commercial lot, Hwy 707 access.
      SC-707 And Grand Oak Blvd, Myrtle Beach, SC 29588
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    • Contact for pricing

      Socastee Blvd Retail Opportunity

      Prime Myrtle Beach retail land, two spaces available.
      0 Socastee Blvd & Dick Pond Rd, Myrtle Beach, SC 29588
      View Details
    • $4,000 /Mo
      4,900 SF

      New Warehouse Space, Great Location

      New warehouse space with easy highway access in Myrtle Beach.
      200 Horsetail Moss Ct, Myrtle Beach, SC 29588
      View Details
    • $2,500 /Mo
      2,000 SF

      Myrtle Beach Storage/Warehouse Opportunity

      New storage executive center with climate control near Highway 707.
      8390 Highway 707, Myrtle Beach, SC 29588
      View Details
    • $12,500 /Mo
      1,800 SF

      Warehouse/Office with Laydown Yard

      10,500 SF warehouse/office with proximity to Highways 31 and 707.
      209 Horsetail Moss Ct, Myrtle Beach, SC 29588
      View Details
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    Highway 707
    Myrtle Beach, SC 29588
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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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