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Property profile & analytics
FOR LEASE
Warehouses
1112 3Rd Ave S Myrtle Beach, SC 29577
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-2055034
For Lease
1 / 22
$6,000/Mo
1112 3Rd Ave S, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1962
Construction
STEEL FRAME
Total area
15,680 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C3
APN
443-03-02-0084
UPID
US77-2055034
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$945k
Owner & transaction history
Num 1101ram LLC · 2 yrs held
Num 1101ram LLC
since 2023
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
C3 · 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
Method
Estimation
Statistic approach
$1,090,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $875k (Nov 17 2023)
Last sale anchor
$875k
Nov 17 2023
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
$60 / 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
$13,032
Tax year 2023
Assessed value
$27,281
Assessed 2023
Previous assessed
$27,281
+0.0% YoY
Effective rate
47.77%
On assessed value
Assessed land
$12,072
Assessed improvement
$15,209
Land market value
$253,200
Improvement market value
$380,400
Total market value
$633,600
Applied tax rate
880.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Total area
15,680 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C3
APN
443-03-02-0084
UPID
US77-2055034
Jurisdiction
HORRY
Zoning & alternative use
C3 · Myrtle Beach, SC
Zoning C3 · permitted uses
C3 · 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
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Lot
0.84 ac
Current owner
From public records · entity-resolved
Num 1101ram LLC
Entity
Mailing address
1112 3RD AVE S, MYRTLE BEACH, SC 29577-5541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Nov 17, 2023
$875,000
Num 1101ram LLC
I & K Realty LLC
Warranty Deed
$550,000 · Synovus Bank
Feb 1, 2022
$1,060,000
I & K Realty LLC
Deane G Morris
Warranty Deed
$636,000 · Anderson Brothers Bank
Oct 14, 2015
—
Patterson,james R & J F Trust
James R Patterson
Quit Claim Deed
related
—
May 6, 2009
—
Morris,garfield S Trust
George G Morris
Quit Claim Deed
related
—
Mar 21, 2006
—
Morris,deane G
George G JR
Quit Claim Deed
related
—
Apr 1, 2003
$180,000
George G Morris JR.
—
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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