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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Turn key restaurants
1206 Kings Hwy Myrtle Beach, SC 29577-4505
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-0565833
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
5,585 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C2
APN
443-11-04-0003
UPID
US77-0565833
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
-
Home Alliance Inc Social Service Agency Charitable Organization
-
MANTA STEAK & SEAFOOD SUSHI BAR Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.45M
Blend (final)
Blend
$1.05M
Owner & transaction history
Fortune Live LLC · 5 yrs held
Fortune Live LLC
since 2021
Last sale
$800,000
5 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+30.2%
Apartment house (5+ units)
$1.6M
+22.7%
Office building
$1.4M
+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
$1,270,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $800k (May 11 2021)
Last sale anchor
$800k
May 11 2021
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
$187 / 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
$16,275
Tax year 2023
Assessed value
$59,566
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$47,998
Assessed improvement
$11,568
Land market value
$799,970
Improvement market value
$192,800
Total market value
$992,770
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
SOLAR
Cooling
CENTRAL
Total area
5,585 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C2
APN
443-11-04-0003
UPID
US77-0565833
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SC
Zoning 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
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
Lot
0.87 ac
Current owner
From public records · entity-resolved
Fortune Live LLC
Entity
Mailing address
1206 S KINGS HWY, MYRTLE BEACH, SC 29577-4505
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
$800,000
Fortune Live LLC
Academy Investors
Warranty Deed
$600,000 · First Palmetto
May 28, 2013
$2,150,000
Academy Investors
Harry A Karetas
Warranty Deed
$1,720,000 · Community Bk/raymore
May 16, 2008
—
Karetas,harry A
Sholand Properties Group 3 LLC
Grant Deed
related
$6,400,000 · 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
—
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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