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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Retail space
1046 Sea Mtn Hwy, North Myrtle Beach, SC 29582-2211
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US77-1663980
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Construction
CONCRETE
Total area
11,972 SF
Lot
1.07 ac (46,609 SF)
Zoning code
HC
APN
351-09-02-0038
UPID
US77-1663980
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
-
Tsunami Surf Shop No. 8 (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$2.83M
Blend (final)
Blend
$3.19M
Owner & transaction history
Cherry Lake LLC · 12 yrs held
Cherry Lake LLC
since 2013
5 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.9M
+12.3%
Commercial (general)
$4.6M
+5.2%
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%
$2,910,000
6.5%
$2,685,000
7%
$2,495,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,400,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,940,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,630,000
Change: +5% · Conversion: Easy
RESTAURANT
$4,200,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,785,000
Change: -14% · Conversion: Difficult
MEDICAL BUILDING
$3,605,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$266 / 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
$5,932
Tax year 2023
Assessed value
$134,585
Assessed 2023
Effective rate
4.41%
On assessed value
Assessed land
$50,294
Assessed improvement
$84,291
Land market value
$838,240
Improvement market value
$1,967,200
Total market value
$2,805,440
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2015
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
11,972 SF
Lot
1.07 ac (46,609 SF)
Zoning code
HC
APN
351-09-02-0038
UPID
US77-1663980
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
RETAIL STORES Current
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2015
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.07 ac
Current owner
From public records · entity-resolved
Cherry Lake LLC
Entity
Mailing address
779 COMMERCE PL, MYRTLE BEACH, SC 29577-6541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2014
—
Cherry Lake LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bk
Nov 13, 2013
$675,000
Cherry Lake LLC
Channel Properties INC
Grant Deed
$720,000 · Wells Fargo Bk
Nov 13, 2013
$90,000
Cherry Lake LLC
Patchett B Taylor
Grant Deed
$720,000 · Wells Fargo Bk
Nov 13, 2013
$135,000
Cherry Lake LLC
Beach Properties INC
Grant Deed
$720,000 · Wells Fargo Bk
—
—
Channel Properties INC
—
Deed Of Trust
related
$40,000 · Kathryn M Cook
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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