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Property profile & analytics
OFF-MARKET
Estimated value
$2,090,000
Strip malls
12059 Hwy 17th Byp Murrells Inlet, SC 29576-9342
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1939088
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1983
Construction
STEEL FRAME
Total area
13,718 SF
Lot
5.78 ac (251,777 SF)
Zoning code
HC
APN
469-04-04-0017
UPID
US77-1939088
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
$2.89M
Blend (final)
Blend
$2.09M
Owner & transaction history
Garden City Self Storage LLC · 16 yrs held
Garden City Self Storage LLC
since 2010
7 recorded transactions
Zoning & alternative use
HC · Murrells Inlet, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+67.7%
Retail stores
$2.5M
+38.7%
Warehouse, storage
$2.5M
+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
$1,835,000
Current use
OFFICE BUILDING
$3,075,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$2,545,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$2,510,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.09M
Range $1.88M – $2.30M · ±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
$152 / 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
$36,086
Tax year 2023
Assessed value
$154,733
Assessed 2023
Effective rate
23.32%
On assessed value
Assessed land
$81,458
Assessed improvement
$73,275
Land market value
$1,476,680
Improvement market value
$2,652,900
Total market value
$4,129,580
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
1983
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Buildings
11
Total area
13,718 SF
Lot
5.78 ac (251,777 SF)
Zoning code
HC
APN
469-04-04-0017
UPID
US77-1939088
Jurisdiction
HORRY
Zoning & alternative use
HC · Murrells Inlet, SCZoning 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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$3.1M
RETAIL STORES
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.5M
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
1983
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Buildings
11
Lot
5.78 ac
Current owner
From public records · entity-resolved
Garden City Self Storage LLC
Entity
Free & Clear · 16 yrs held
Mailing address
10100 PARK CEDAR DR STE #190, CHARLOTTE, NC 28210-8993
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 22, 2010
—
Garden City Self Storage LLC
John D Hicks
Grant Deed
related
—
Jan 13, 2010
—
Nye Reale Properties LLC
Mary J L Nye
Quit Claim Deed
related
—
Mar 11, 2009
—
Hicks,john D
Hicks Family Investments LP
Quit Claim Deed
related
—
Dec 20, 2001
—
Papillon LLC
—
Grant Deed
related
—
Sep 1, 2000
$360,994
Nye,mary Jane Love
—
Trustees Deed
related
—
Sep 1, 2000
$641,767
Helms,brenda W
—
Trustees Deed
related
—
—
—
Waters Investments INC Ohair Etal
—
Deed Of Trust
related
$225,000 · Bank Of America
—
—
Garden City Self Storage LLC
—
Deed Of Trust
related
$2,375,000 · Miscellaneous Ins Co
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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