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Property profile & analytics
OFF-MARKET
Estimated value
$3,025,000
Office buildings
1000 29th N Ave Myrtle Beach, SC 29577-3171
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-1913267
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE BLOCKS
Total area
15,882 SF
Lot
1.7 ac (74,052 SF)
Zoning code
OPI
APN
424-02-04-0053
UPID
US77-1913267
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
-
Wedding Planner Myrtle Beach Wedding Service Event Planning
-
Benjamin A. Baroody Law Firm
-
The Bellamy Law Firm - Myrtle Beach Law Firm
-
The Bellamy Law Firm -- Bellamy, Rutenberg, Copeland, Epps, Gravely, and Bowers, P.A. Law Firm
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.19M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$3.03M
Owner & transaction history
Blf Holdings LLC · 1 yrs held
Blf Holdings LLC
since 2025
Last sale
$3.1M
2 recorded transactions
Zoning & alternative use
OPI · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.8M
+23.4%
Apartment house (5+ units)
$4.5M
+16.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,455,000
6.5%
$3,190,000
7%
$2,960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,875,000
Current use
MEDICAL BUILDING
$4,785,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,510,000
Change: +16% · Conversion: Easy
RESTAURANT
$3,675,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$3.03M
Range $2.72M – $3.33M · ±10% · vs last sale $3.10M (Mar 3 2025)
Last sale anchor
$3.10M
Mar 3 2025
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
$190 / 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
$30,465
Tax year 2023
Assessed value
$111,505
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$44,431
Assessed improvement
$67,074
Land market value
$740,520
Improvement market value
$1,474,300
Total market value
$2,214,820
Applied tax rate
880.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
SOLAR
Cooling
CENTRAL
Total area
15,882 SF
Lot
1.7 ac (74,052 SF)
Zoning code
OPI
APN
424-02-04-0053
UPID
US77-1913267
Jurisdiction
HORRY
Zoning & alternative use
OPI · Myrtle Beach, SC
Zoning OPI · permitted uses
OPI · 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
OFFICE BUILDING Current
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
RESTAURANT
Est. value
$3.7M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
1985
Construction
CONCRETE BLOCKS
Heating
SOLAR
Cooling
Yes
Lot
1.7 ac
Current owner
From public records · entity-resolved
Blf Holdings LLC
Entity
Mailing address
PO BOX 357, MYRTLE BEACH, SC 29578-0357
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
$3,100,000
Blf Holdings LLC
Bellamy Law Building LLC
Warranty Deed
$2,608,000 · United Bank
Jul 27, 2000
$100,000
Bellamy,law Bldg LLC
—
Grant Deed
related
—
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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