New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Medical Office Space
1001 15th Ave, Conway, SC 29526
Entity Owned
8-yr Hold
Free & Clear
Property ID
US77-2031476
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1945
Construction
CONCRETE
Total area
12,248 SF
Lot
0.52 ac (22,651 SF)
Zoning code
NC
APN
338-11-02-0040
UPID
US77-2031476
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.73M
Owner & transaction history
Vp Investments Of Conway LLC · 8 yrs held
Vp Investments Of Conway LLC
since 2018
7 recorded transactions
Zoning & alternative use
NC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+16.5%
Auto repair, garage
$3.9M
+5.0%
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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%
$3,050,000
6.5%
$2,820,000
7%
$2,615,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,690,000
Current use
RESTAURANT
$4,300,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,875,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±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
$223 / 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
$46,898
Tax year 2023
Assessed value
$172,424
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$13,496
Assessed improvement
$158,928
Land market value
$224,940
Improvement market value
$2,648,800
Total market value
$2,873,740
Applied tax rate
110.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1945
Construction
CONCRETE
Heating
YES
Stories
2
Rooms
12
Bathrooms
4
Total area
12,248 SF
Lot
0.52 ac (22,651 SF)
Zoning code
NC
APN
338-11-02-0040
UPID
US77-2031476
Jurisdiction
HORRY
Zoning & alternative use
NC · Conway, SC
Zoning NC · permitted uses
NC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1945
Construction
CONCRETE
Heating
YES
Stories
2
Rooms
12
Bathrooms
4
Lot
0.52 ac
Current owner
From public records · entity-resolved
Vp Investments Of Conway LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1406 MAIN ST, CONWAY, SC 29526-3567
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2018
—
Vp Invs Of Conway LLC
—
Deed
related
$3,500,000 · Conway Nat'l Bk
May 9, 2018
—
Vp Investments Of Conway LLC
Tbkitw Holdings LLC
Grant Deed
related
—
Mar 25, 2013
—
Tbkitw Holdings LLC
James M Vaught
Warranty Deed
related
—
May 7, 2009
—
Krt Investments
Krt Ents
Quit Claim Deed
related
—
—
—
Vp Invs Of Conway LLC
—
Deed Of Trust
related
$3,500,000 · Conway Nat'l Bk
—
—
James M Vaught
—
Deed Of Trust
related
$716,300 · Conway Nat'l Bk
—
—
Tbkitw LLC
—
Deed Of Trust
related
$716,300 · Conway Nat'l Bk
—
—
Tbkitw Holdings LLC
—
Deed Of Trust
related
$781,200 · Conway Nat'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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1001 15th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
