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Property profile & analytics
FOR SALE
Grocery and convenience stores
1009 3Rd Ave N Myrtle Beach, SC 29577
Entity Owned
Absentee Owner
Free & Clear
Property ID
US77-1968349
For Sale
$225,000
1009 3Rd Ave N, Myrtle Beach, SC 29577
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Property summary
AI-generated overview
This exceptional 16-unit apartment building presents a compelling investment opportunity in Myrtle Beach, South Carolina. Situated on a sizable 0.8-acre lot at 1009 3rd Ave N, the property benefits from a highly desirable RMH & MU-M zoning designation. The existing structure offers immediate income potential, while the zoning allows for future development and expansion. Utilities are conveniently in place, simplifying operational efficiency and reducing initial setup costs. The property's location provides easy access to the vibrant attractions of Myrtle Beach, with Conway a short 35-minute drive away. Further afield, Charleston and Florence are within a two-hour radius, and Columbia is approximately three hours away. The property's APN is 44303020075, and it is currently owned by Zheng. This turnkey investment offers a blend of immediate returns and significant long-term growth potential in a thriving South Carolina coastal market. The property's address is 1009 3rd Ave N, Myrtle Beach, SC 29577. This is a rare opportunity to acquire a well-positioned multifamily asset in a high-demand area. Serious inquiries are encouraged.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Construction
CONCRETE
Total area
2,852 SF
Lot
0.43 ac (18,731 SF)
Zoning code
HC
APN
443-03-03-0052
UPID
US77-1968349
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
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Circle K Grocery & Convenience Store
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$673k
Blend (final)
Blend
$535k
Owner & transaction history
BOB BIBLE ENTERPRISES INC ASCP CORP
BOB BIBLE ENTERPRISES INC ASCP CORP
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$860,000
+133.8%
Office building
$695,000
+89.5%
Retail stores
$510,000
+38.9%
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
$395,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$670,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$365,000
Current use
MEDICAL BUILDING
$860,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +89% · Conversion: Moderate
RETAIL STORES
$510,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$430,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$188 / 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
$5,065
Tax year 2023
Assessed value
$18,541
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$8,681
Assessed improvement
$9,860
Land market value
$149,850
Improvement market value
$239,700
Total market value
$389,550
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1986
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
2,852 SF
Lot
0.43 ac (18,731 SF)
Zoning code
HC
APN
443-03-03-0052
UPID
US77-1968349
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$365,000
MEDICAL BUILDING
Est. value
$860,000
OFFICE BUILDING
Est. value
$695,000
RETAIL STORES
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1986
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.43 ac
Current owner
From public records · entity-resolved
BOB BIBLE ENTERPRISES INC ASCP CORP
Entity
Free & Clear · 0 yrs held
Mailing address
7 GRV PARK CT, TAYLORS, SC 29687-5441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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