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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Banks
108 Hwy 17th N North Myrtle Beach, SC 29582
Entity Owned
24-yr Hold
Free & Clear
Property ID
US77-1668195
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Construction
CONCRETE
Total area
3,286 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HC
APN
356-01-02-0008
UPID
US77-1668195
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
-
Classic Rock Shop Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$550k
Owner & transaction history
Conway Natl Bank · 24 yrs held
Conway Natl Bank
since 2002
1 recorded transaction
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$860,000
+73.9%
Office building
$765,000
+53.7%
Warehouse, storage
$655,000
+32.4%
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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$495,000
Current use
COMMERCIAL (GENERAL)
$860,000
Change: +74% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +54% · Conversion: Difficult
WAREHOUSE, STORAGE
$655,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$495,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$490,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$470,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$167 / 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
$15,842
Tax year 2023
Assessed value
$69,094
Assessed 2023
Previous assessed
$69,094
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$44,633
Assessed improvement
$24,461
Land market value
$905,600
Improvement market value
$567,100
Total market value
$1,472,700
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
3,286 SF
Lot
0.99 ac (43,124 SF)
Zoning code
HC
APN
356-01-02-0008
UPID
US77-1668195
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
FINANCIAL BUILDING Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$860,000
OFFICE BUILDING
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$655,000
RETAIL STORES
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$490,000
MEDICAL BUILDING
Est. value
$470,000
FINANCIAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
0.99 ac
Current owner
From public records · entity-resolved
Conway Natl Bank
Entity
Free & Clear · 24 yrs held
Mailing address
CONWAY, SC 29528
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2002
$786,479
Conway Natl Bank
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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