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Property profile & analytics
OFF-MARKET
Estimated value
$2,590,000
Office buildings
106 Lansford Ct Myrtle Beach, SC 29588-3501
Entity Owned
19-yr Hold
Free & Clear
Property ID
US77-1928762
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Construction
CONCRETE
Total area
9,978 SF
Lot
1.62 ac (70,567 SF)
APN
448-12-02-0014
UPID
US77-1928762
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
$2.01M
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.59M
Owner & transaction history
Jm Property Investors LLC · 19 yrs held
Jm Property Investors LLC
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+64.8%
Medical building
$3.0M
+31.6%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,170,000
6.5%
$2,005,000
7%
$1,860,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,285,000
Current use
AUTO REPAIR, GARAGE
$3,765,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$3,005,000
Change: +32% · Conversion: Easy
RETAIL STORES
$2,025,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.59M
Range $2.33M – $2.85M · ±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
$260 / 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
$105,835
Assessed 2023
Previous assessed
$105,835
+0.0% YoY
Assessed land
$40,715
Assessed improvement
$65,120
Land market value
$1,101,420
Improvement market value
$1,570,300
Total market value
$2,671,720
Applied tax rate
630.0000
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
2006
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
9,978 SF
Lot
1.62 ac (70,567 SF)
APN
448-12-02-0014
UPID
US77-1928762
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2006
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.62 ac
Current owner
From public records · entity-resolved
Jm Property Investors LLC
Entity
Free & Clear · 19 yrs held
Mailing address
106 LANSFORD CT, MYRTLE BEACH, SC 29588-3501
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2019
—
Jm Prop Invtrs LLC
—
Deed
related
$242,500 · Conway Nat'l Bk
Oct 1, 2018
—
Jm Prop Invtrs LLC
—
Deed
related
$1,100,000 · Conway Nat'l Bk
Nov 15, 2006
—
Jm Property Investors LLC
Mepj Land
Grant Deed
related
—
Nov 17, 2005
—
Jm Property Investors LLC
Mepj Land
Grant Deed
related
—
—
—
Jm Prop Invtrs LLC
—
Deed Of Trust
related
$242,500 · Conway Nat'l Bk
—
—
Jm Prop Invtrs LLC
—
Deed Of Trust
related
$1,100,000 · Conway Nat'l Bk
—
—
Jm Property Investors LLC
—
Deed Of Trust
related
$1,500,000 · Jdc INC
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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