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Property profile & analytics
OFF-MARKET
Turn key restaurants
1109 Kings Hwy Myrtle Beach, SC 29577-4502
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-3003616
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Total area
4,346 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
443-11-04-0040
UPID
US77-3003616
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Green Bay Trail LLC · 3 yrs held
Green Bay Trail LLC
since 2022
6 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,925
Tax year 2023
Assessed value
$32,946
Assessed 2023
Effective rate
30.13%
On assessed value
Assessed land
$20,152
Assessed improvement
$12,794
Land market value
$335,870
Improvement market value
$269,700
Total market value
$605,570
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Heating
SOLAR
Cooling
CENTRAL
Total area
4,346 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
443-11-04-0040
UPID
US77-3003616
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SC
Zoning 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
Myrtle Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
SOLAR
Cooling
Yes
Lot
0.55 ac
Current owner
From public records · entity-resolved
Green Bay Trail LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4404 PNE LK DR, MYRTLE BEACH, SC 29577-2637
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
—
Green Bay Trail LLC
Elaine Teruel
Warranty Deed
—
Dec 28, 2006
—
Arakas,michael S Family Trust
Michael Arakas
Quit Claim Deed
related
—
Feb 7, 2006
—
Arakas,michael
By The Sea LLC
Grant Deed
related
—
Jul 5, 2005
$816,525
By Sea LLC
12th Avenue South LLC
Grant Deed
—
Apr 25, 2005
$805,000
12th Avenue South LLC
Tommy Arakus
Grant Deed
$805,000 · Tommy Arakas
Oct 19, 2004
$800,000
Arakus,tommy
Watson Family
Warranty Deed
—
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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