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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Drive through restaurants
1204 Kings Hwy Myrtle Beach, SC 29577-4505
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US77-1926715
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1977
Total area
2,741 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C2
APN
443-11-04-0004
UPID
US77-1926715
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
-
Captain D's Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$482k
Blend (final)
Blend
$520k
Owner & transaction history
Academy Investors · 13 yrs held
Academy Investors
since 2013
4 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$825,000
+30.2%
Office building
$670,000
+5.5%
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
by Request
ML approach
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$635,000
Current use
MEDICAL BUILDING
$825,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$670,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$190 / 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
$12,433
Tax year 2023
Assessed value
$45,506
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$30,440
Assessed improvement
$15,066
Land market value
$507,330
Improvement market value
$251,100
Total market value
$758,430
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1977
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
2,741 SF
Lot
0.67 ac (29,185 SF)
Zoning code
C2
APN
443-11-04-0004
UPID
US77-1926715
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
RESTAURANT Current
Est. value
$635,000
MEDICAL BUILDING
Est. value
$825,000
OFFICE BUILDING
Est. value
$670,000
RESTAURANT Current
MEDICAL BUILDING
OFFICE BUILDING
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
1977
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Academy Investors
Individual
Mailing address
927 MILITARY AVE, BAXTER SPRINGS, KS 66713-1544
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2013
$2,150,000
Academy Investors
Harry A Karetas
Grant Deed
$1,720,000 · Community Bk/raymore
Feb 10, 2011
—
Karetas,harry A & Yvonne
—
Deed Of Trust
related
$88,786 · Td Bk NA
Jul 14, 2004
—
Karetas,harry A & Yvonne
Harry A Karetas
Quit Claim Deed
related
$680,000 · Beach First Nat'l Bk
—
—
Karetas,harry & Yvonne
—
Loan Modification
related
$2,350,000 · Carolina First 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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