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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Strip malls
1108 Kings Hwy Myrtle Beach, SC 29577-4503
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-1821166
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
8,726 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
443-11-04-0009
UPID
US77-1821166
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
-
Formal Wear of Myrtle Beach (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Magic Scissors Beauty Salon Hair Salon Nail Salon
-
Mei Spa Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.38M
Owner & transaction history
Sandhar Real Estate LLC · 1 yrs held
Sandhar Real Estate LLC
since 2025
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$2.1M
+89.5%
Restaurant
$2.0M
+79.6%
Retail stores
$1.6M
+38.9%
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 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
$1,365,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Current use
OFFICE BUILDING
$2,130,000
Change: +89% · Conversion: Moderate
RESTAURANT
$2,020,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,560,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.60M (Mar 14 2025)
Last sale anchor
$1.60M
Mar 14 2025
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
$158 / 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
$10,857
Tax year 2023
Assessed value
$39,737
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$18,900
Assessed improvement
$20,837
Land market value
$315,000
Improvement market value
$469,800
Total market value
$784,800
Applied tax rate
898.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Heating
SOLAR
Cooling
CENTRAL
Total area
8,726 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C2
APN
443-11-04-0009
UPID
US77-1821166
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SCZoning C2 · permitted uses
C2 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RESTAURANT
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
1986
Heating
SOLAR
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Sandhar Real Estate LLC
Entity
Mailing address
2801 NE 183RD ST APT 1516W, AVENTURA, FL 33160-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
$1,600,000
Sandhar Real Estate LLC
Morris Shammah
Warranty Deed
$1,100,000 · First Bank
—
—
Morris Shammah
—
Deed Of Trust
related
$245,000 · Wells Fargo Bk
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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