Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1206 Kings Hwy Myrtle Beach, SC 29577-4505
    Back to Search
    Property profile & analytics

    1206 Kings Hwy, Myrtle Beach, SC 29577-4505

    View on Map
    • Turn key restaurants
    • 5,585 SF
    • 0.87 lot acres
    Off-Market
    Last Sale May 11, 2021
    $800,000
    Property ID
    US77-0565833
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,045,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home Alliance Inc / Social Service Agency / Charitable Organization
    • MANTA STEAK & SEAFOOD SUSHI BAR / Restaurant

    Property Details for 1206 Kings Hwy

    Year built
    1977
    Lot size
    0.87 lot acres
    Zone code
    C2
    Property type
    Turn key restaurants
    APN
    443-11-04-0003
    APU
    44311040003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2021 $800,000 Fortune Live LLC Academy Investors Warranty Deed $600k · First Palmetto
    May 28, 2013 $2,150,000 Academy Investors Harry A Karetas Warranty Deed $1.7M · Community Bk/raymore
    May 16, 2008 — Karetas,harry A Sholand Properties Group 3 LLC Grant Deed · related $6.4M · First Palmetto Svgs Bk Fsb
    Jan 28, 2002 $968,000 Shoneys Prop Group 3 LLC — Grant Deed —
    Aug 24, 2000 — Shoneys Prop Group 1 LLC — Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,270,000
      ML approach
      $1,180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,449,000
      Market price range: $780k - $2.28M
      AI Estimate
      $780,000
      Market price range: $431k - $981k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,290,000
      Current use
      MEDICAL BUILDING
      $1,685,000
      Change: +30% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,585,000
      Change: +23% Conversion: Difficult
      OFFICE BUILDING
      $1,365,000
      Change: +6% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9016
    Latitude
    33.6779
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,275
    $47,998
    $11,568
    $59,566
    -
    $799,970
    $192,800
    $992,770

    Comparable in this City

    • Value Estimation
      $665,000
      7,040 SF

      1190 Farrow Pkwy

      RESTAURANT
      1190 Farrow Pkwy, Myrtle Beach, SC 29577-2001
      View Details
    • Value Estimation
      $610,000
      5,930 SF

      1805 Kings Hwy

      RESTAURANT
      1805 Kings Hwy, Myrtle Beach, SC 29577-3137
      View Details
    • Value Estimation
      $680,000
      7,555 SF

      1230 Retail Ct

      RESTAURANT
      1230 Retail Ct, Myrtle Beach, SC 29577-9626
      View Details
    • Value Estimation
      $915,000
      11,730 SF

      2917 Ocean Blvd

      RESTAURANT
      2917 Ocean Blvd, Myrtle Beach, SC 29577-4855
      View Details
    • Value Estimation
      $730,000
      7,162 SF

      21st N Ave

      RESTAURANT
      21st N Ave, Myrtle Beach, SC 29577
      View Details
    • Value Estimation
      $5,385,000
      41,862 SF

      1322 Celebrity Cir

      RESTAURANT
      1322 Celebrity Cir, Myrtle Beach, SC 29577-7451
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Established Myrtle Beach Restaurant Opportunity

      Successful 1800 SF restaurant business for sale in Myrtle Beach.
      5900 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • New
      $290,000
      1,790 SF

      Myrtle Beach Restaurant Opportunity

      Profitable restaurant for sale in prime Myrtle Beach location.
      N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • $1,800,000
      4,608 SF

      Freestanding Restaurant Property For Sale

      Freestanding restaurant in Myrtle Beach with high traffic and visibility.
      Myrtle Beach, SC 29577
      View Details
    • $109,000
      1,250 SF

      Established Restaurant Business Opportunity

      Turn-key restaurant operation with potential for various concepts.
      1011 Broadway St, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      11,250 SF

      Dominican Restaurant and Entertainment Venue

      Established restaurant and bar with entertainment space in Myrtle Beach.
      811 Seaboard St, Myrtle Beach, SC 29577
      View Details
    • $525,000
      2,500 SF

      Commercial Building in Myrtle Beach

      Commercial building in the heart of Myrtle Beach for sale.
      533 Broadway St, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,128 SF

      Oceanfront Retail & Restaurant Space

      Prime Myrtle Beach location with ocean views and beach access.
      1410 Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      1,250 SF

      Restaurant Space on 7th Avenue

      Restaurant space available for lease on October 1, 2025.
      206 7Th Ave N, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Oceanfront Entertainment and Business Location

      Prime Myrtle Beach location with ocean views and high foot traffic.
      1410 N Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $13 SF/Yr

      Myrtle Beach Retail/Office Unit

      Retail/office unit in Myrtle Beach's Arts & Innovation District.
      515 9Th Ave North, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Retail Space in Myrtle Beach

      High-traffic location near Wal-Mart and the beach.
      4025 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      2,000 SF

      Prime Retail Space For Lease

      High-visibility retail space in a bustling Myrtle Beach location.
      3405 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1206 Kings Hwy
    Myrtle Beach, SC 29577-4505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1206 Kings Hwy, Myrtle Beach, SC, 29577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!