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Property profile & analytics
FOR LEASE
Office buildings
1000 2Nd Ave North Myrtle Beach, SC 29582
Entity Owned
26-yr Hold
Free & Clear
Property ID
US77-1656197
For Lease
1 / 9
$129-$26,792/Mo
1000 2Nd Ave, North Myrtle Beach, SC 29582
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
CONCRETE
Total area
54,960 SF
Lot
2.57 ac (111,949 SF)
Zoning code
HC
APN
356-01-04-0002
UPID
US77-1656197
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
-
Oceana Resorts in North Myrtle Beach by Vacasa Hotel & Motel Resort
-
North Myrtie Beach Corporate Center Real Estate Agency
-
Century 21 Strand Group Real Estate Agency
-
Bonnie Stotelmyer EXP Realty Realtor Real Estate Agency
-
MTS Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.04M
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$8.97M
Owner & transaction history
Brave Village LLC · 26 yrs held
Brave Village LLC
since 1999
7 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$11,960,000
6.5%
$11,040,000
7%
$10,250,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$12,330,000
Current use
WAREHOUSE, STORAGE
$10,055,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±10%
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
$163 / 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
Assessed value
$332,421
Assessed 2023
Previous assessed
$332,421
+0.0% YoY
Assessed land
$35,466
Assessed improvement
$296,955
Land market value
$1,028,000
Improvement market value
$7,130,500
Total market value
$8,158,500
Applied tax rate
550.0000
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
For Lease
Year built
2004
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
54,960 SF
Lot
2.57 ac (111,949 SF)
Zoning code
HC
APN
356-01-04-0002
UPID
US77-1656197
Jurisdiction
HORRY
Zoning & alternative use
HC · North Myrtle Beach, SC
Zoning HC · permitted uses
HC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.3M
WAREHOUSE, STORAGE
Est. value
$10.1M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
2.57 ac
Current owner
From public records · entity-resolved
Brave Village LLC
Entity
Free & Clear · 26 yrs held
Mailing address
PO BOX 606, AYNOR, SC 29511-0606
Ownership since
1999
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
Apr 21, 2025
—
N Myrtle Beach Corporate Cente
—
Deed
related
$4,176,640 · Synovus Bank
Jul 23, 2003
—
Brave Village LLC
—
Grant Deed
related
—
Jul 18, 2003
—
City Of N Myrtle Beach
—
Grant Deed
related
—
Feb 27, 2001
—
Brave Village LLC
—
Deed Of Trust
related
—
Dec 22, 1999
$610,000
Brave Village LLC
—
Grant Deed
related
—
—
—
Dhd Associates LP
—
Deed Of Trust
related
$6,200,000 · National Bk/sc
—
—
North Myrtle Bch Corporate Cen
—
Deed Of Trust
related
$300,000 · National Bk/sc
—
—
Dhd Associates LP
—
Loan Modification
related
$6,200,000 · Nbsc
—
—
North Myrtle Bk Corp Ctr LLC
—
Loan Modification
related
$5,371,144 · Nbsc
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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