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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Strip malls
11824 Hwy 17th Byp Murrells Inlet, SC 29576-9337
Entity Owned
9-yr Hold
Free & Clear
Property ID
US77-1711631
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
CONCRETE
Total area
5,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HC
APN
469-03-02-0020
UPID
US77-1711631
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
$985k
Blend (final)
Blend
$740k
Owner & transaction history
Dragonfly Invs Prop LLC · 9 yrs held
Dragonfly Invs Prop LLC
since 2017
7 recorded transactions
Zoning & alternative use
HC · Murrells Inlet, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+67.7%
Retail stores
$930,000
+38.7%
Warehouse, storage
$915,000
+36.8%
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 Murrells Inlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrells Inlet 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$670,000
Current use
OFFICE BUILDING
$1,120,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$930,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$915,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10%
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
$148 / 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
Assessed value
$52,632
Assessed 2023
Assessed land
$19,511
Assessed improvement
$33,121
Land market value
$325,190
Improvement market value
$706,600
Total market value
$1,031,790
Applied tax rate
610.0000
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
5,000 SF
Lot
0.92 ac (40,075 SF)
Zoning code
HC
APN
469-03-02-0020
UPID
US77-1711631
Jurisdiction
HORRY
Zoning & alternative use
HC · Murrells Inlet, SC
Zoning HC · permitted uses
HC · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrells Inlet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$670,000
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$930,000
WAREHOUSE, STORAGE
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.92 ac
Current owner
From public records · entity-resolved
Dragonfly Invs Prop LLC
Entity
Free & Clear · 9 yrs held
Mailing address
4587 HWY 17TH BUSINESS, MURRELLS INLET, SC 29576-5637
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2017
$25,000
Dragonfly Invs Prop LLC
Sds Investments LLC
Warranty Deed
—
Nov 22, 2016
—
Sds Investments LLC
Sds Properties LLC
Quit Claim Deed
related
—
Nov 3, 2016
$475,000
Rum Gully Properties LLC
Bes LLC
Warranty Deed
—
Jul 25, 2011
$475,000
Bes LLC
Atlas Sc I Spe LLC
Grant Deed
$237,500 · Branch Bk&tr
Apr 29, 2011
—
Atlas Sc I Spe LLC
Branch Bkng & Trust Co
Grant Deed
related
—
Apr 6, 2011
—
Branch Bkng & Trust Co
Tbs Dev LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Bes LLC
—
Deed Of Trust
related
$800,000 · Coastal Carolina Nat'l Bk
—
—
Bes LLC
—
Deed Of Trust
related
$436,000 · Coastal Carolina Nat'l 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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