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    Property profile & analytics

    10820 Kings Rd Myrtle Beach, SC 29572-6070

    • Community centers
    • 200,061 SF
    • 23.74 lot acres
    OFF-MARKET
    Value Estimations
    $20,790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1682487
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dollar Rent A Car / Car Rental Facility
    • Jackson Hewitt Tax Service / Accounting Firm / Tax Preparation
    • Walmart Vision & Glasses / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Walmart Garden / Garden Center
    • Merhi Eye Clinic / Physician

    Property Details for 10820 Kings Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    23.74 lot acres
    Property size
    200,061 SF
    Zone code
    HC
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    390-00-00-1276
    APU
    39000001276

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,742,000
      Market price range: $17.8M - $42.4M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $26,230,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.7693
    Latitude
    33.7872
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $235,878
    $492,218
    $542,575
    $1,034,793
    -
    $8,905,060
    $19,889,200
    $28,794,260

    Comparable in this City

    • Value Estimation
      $2,390,000
      15,505 SF

      10831 Kings Rd

      MINI-MALL • 15,505 SF
      10831 Kings Rd, Myrtle Beach, SC 29572-6083
      View Details
    • Value Estimation
      $6,535,000
      45,721 SF

      Kings Hwy

      MINI-MALL • 45,721 SF
      Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Value Estimation
      $12,570,000
      90,892 SF

      10816 Kings Rd

      MINI-MALL • 90,892 SF
      10816 Kings Rd, Myrtle Beach, SC 29572-6070
      View Details
    • Value Estimation
      $660,000
      13,468 SF

      9700 Kings Hwy

      SHOPPING CENTER, STRIP CENTER • 13,468 SF
      9700 Kings Hwy, Myrtle Beach, SC 29572-4056
      View Details
    • Value Estimation
      $935,000
      7,575 SF

      1001 62nd N Ave

      SHOPPING CENTER, STRIP CENTER • 7,575 SF
      1001 62nd N Ave, Myrtle Beach, SC 29572-3219
      View Details
    • Value Estimation
      $540,000
      6.94 Acres

      10108 Kings Rd

      SHOPPING CENTER, STRIP CENTER • 6.94 Acres
      10108 Kings Rd, Myrtle Beach, SC 29572-6061
      View Details

    Similar Nearby for Sale

    • $1,700,000
      6,400 SF

      Myrtle Beach Restaurant - $1.7M

      Prime Kings Hwy Restaurant, 6400 SF
      10435 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $62,000
      1,600 SF

      Retail Business in Myrtle Beach

      Established consignment shop with loyal customer base near the beach.
      9630 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $1,625,000
      Pending

      Myrtle Beach Apartments Near Ocean

      High-density rental property near the ocean in Myrtle Beach.
      203 76Th Ave N, Myrtle Beach, SC 29572
      View Details
    • $3,650,000
      0.56 Acres

      Oceanfront Residential Lot in Myrtle

      Prestigious oceanfront lot for luxury coastal retreat in Myrtle Beach.
      6212 N Ocean Blvd, Myrtle Beach, SC 29572
      View Details
    • $2,499,900

      Myrtle Beach Multifamily Investment Opportunity

      Renovated 12-unit complex near the beach with strong rental history.
      4807 Little River Rd, Myrtle Beach, SC 29572
      View Details
    • $730,000
      Pending

      Myrtle Beach Multifamily Investment Opportunity

      Income-producing 6-unit apartment building near the beach.
      610 63Rd Ave N, Myrtle Beach, SC 29572
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      168,517 SF

      Galleria Shopping Center: Myrtle Beach

      Kroger-anchored retail center; 8 spaces available.
      9610 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      8,750 SF

      Retail Space in Myrtle Beach

      Retail space available in proposed grocery-anchored development.
      62Nd Ave N, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      4,641 SF

      Retail Space in Kroger-Anchored Center

      Retail and restaurant spaces available in Myrtle Beach shopping center.
      9600 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,240 SF

      Retail Outparcel in Myrtle Beach

      Freestanding retail space in high-income Myrtle Beach shopping center.
      7815 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Galleria Center

      Retail and restaurant spaces available in Kroger-anchored shopping center.
      9654 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,657 SF

      Retail Space in Myrtle Beach

      Retail opportunity in Kroger-anchored shopping center near popular attractions.
      9650 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
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    Myrtle Beach, SC 29572-6070
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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