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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Strip malls
1207 3rd Ave Sunit-e Myrtle Beach, SC 29577-5562
Individually Owned
5-yr Hold
Free & Clear
Property ID
US77-2125589
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
STEEL FRAME
Total area
12,054 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-3
APN
425-14-04-0012
UPID
US77-2125589
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
-
Fajitas Mexican Restaurant Restaurant
-
Myriam's Hair Style Hair Salon Nail Salon
-
Blue Skies Property Management Co Real Estate Agency
-
Carolina Brokers Insurance LLC Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.11M
Owner & transaction history
Paul R Turner · 5 yrs held
Paul R Turner
since 2020
Last sale
$886,994
3 recorded transactions
Zoning & alternative use
C-3 · Myrtle Beach, SC
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Current use
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $887k (Dec 3 2020)
Last sale anchor
$887k
Dec 3 2020
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
$92 / 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
$11,567
Tax year 2023
Assessed value
$42,336
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$10,608
Assessed improvement
$31,728
Land market value
$176,800
Improvement market value
$528,800
Total market value
$705,600
Applied tax rate
880.0000
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
1989
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
12,054 SF
Lot
0.51 ac (22,216 SF)
Zoning code
C-3
APN
425-14-04-0012
UPID
US77-2125589
Jurisdiction
HORRY
Zoning & alternative use
C-3 · Myrtle Beach, SCZoning C-3 · permitted uses
C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.51 ac
Current owner
From public records · entity-resolved
Paul R Turner
Individual
Free & Clear · 5 yrs held
Mailing address
9403 60TH LN N, PINELLAS PARK, FL 33782-3146
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2020
—
Paul R Turner
Global Const Svcs INC
Warranty Deed
related
—
Oct 18, 2017
$886,994
Global Const Svcs INC
Special Referee Of Horry County|tharington,james M
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jul 27, 2004
$200,000
Tharington,james M
Pamela J T Mackie
Grant Deed
—
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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