Property profile

11661 Hwy 707 Murrells Inlet, SC 29576

OFF-MARKET
Office buildings
Property ID
US77-2081122
5,360 SF 5.12 ac lot Built 2003
Entity Owned 24-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction CONCRETE
Total area 5,360 SF
Lot 5.12 ac (223,027 SF)
Zoning code MHP
APN 464-13-02-0001
UPID US77-2081122

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11661 Hwy 707 Murrells Inlet, SC 29576-9732
Murrells Inlet metro Census 51609 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.08M
Comparable Approach Comparable
$1.79M
Blend (final) Blend
$1.31M

Owner & transaction history

since 2002
7 recorded transactions
2016
Price N/A
2006
Price N/A
2002
$125,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MHP · Murrells Inlet, SC
Top alternative use upside
Restaurant $1.9M +56.4%
Auto repair, garage $1.7M +40.9%
Medical building $1.6M +34.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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