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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
1018 2nd S Ave North Myrtle Beach, SC 29582-3573
Entity Owned
24-yr Hold
Free & Clear
Property ID
US77-1888455
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
3,168 SF
Lot
22.47 ac (978,793 SF)
Zoning code
HC
APN
356-00-00-0001
UPID
US77-1888455
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
-
North Myrtle Beach Street Department Paving Contractor Public Works Department
-
North Myrtle Beach Zoning Urban Planning Department
-
City of North Myrtle Beach City Hall City Hall City Government Office
-
North Myrtle Beach Public Safety Department Of Public Safety Traffic Police Station
-
North Myrtle Beach Water Maintenance Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$635k
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$875k
Owner & transaction history
CITY OF NORTH MYRTLE BEACH
CITY OF NORTH MYRTLE BEACH
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+72.4%
Retail stores
$1.2M
+63.9%
Auto repair, garage
$1.0M
+40.9%
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 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%
$690,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
COMMERCIAL (GENERAL)
$1,225,000
Change: +72% · Conversion: Easy
RETAIL STORES
$1,165,000
Change: +64% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,000,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$580,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$276 / 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
$131,534
Assessed 2023
Previous assessed
$131,534
+0.0% YoY
Assessed land
$127,870
Assessed improvement
$3,664
Land market value
$2,247,000
Improvement market value
$87,800
Total market value
$2,334,800
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
Off-Market
Year built
1977
Heating
SOLAR
Cooling
CENTRAL
Total area
3,168 SF
Lot
22.47 ac (978,793 SF)
Zoning code
HC
APN
356-00-00-0001
UPID
US77-1888455
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
$710,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$955,000
WAREHOUSE, STORAGE
Est. value
$580,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1977
Heating
SOLAR
Cooling
Yes
Lot
22.47 ac
Current owner
From public records · entity-resolved
CITY OF NORTH MYRTLE BEACH
Individual
Free & Clear · 0 yrs held
Mailing address
1015 2ND AVE S, NORTH MYRTLE BEACH, SC 29582-3106
Mailing matches property
Yes
Owner-occupied
Yes
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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