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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Car washes
1208 Hwy 17th S North Myrtle Beach, SC 29582
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1966616
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2001
Construction
CONCRETE
Total area
5,657 SF
Lot
0.94 ac (40,946 SF)
Zoning code
HC
APN
357-06-03-0005
UPID
US77-1966616
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
-
Diva Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$2.80M
Owner & transaction history
Spirit Realty LP · 4 yrs held
Spirit Realty LP
since 2022
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+30.6%
Commercial (general)
$2.2M
+22.3%
Retail stores
$2.1M
+16.3%
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$3,225,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,790,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,335,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,185,000
Change: +22% · Conversion: Moderate
RETAIL STORES
$2,080,000
Change: +16% · Conversion: Difficult
RESTAURANT
$1,985,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,705,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.28M (Feb 3 2022)
Last sale anchor
$2.28M
Feb 3 2022
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
$495 / 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
$23,072
Tax year 2023
Assessed value
$69,528
Assessed 2023
Effective rate
33.18%
On assessed value
Assessed land
$45,120
Assessed improvement
$24,408
Land market value
$752,000
Improvement market value
$406,800
Total market value
$1,158,800
Applied tax rate
550.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
5,657 SF
Lot
0.94 ac (40,946 SF)
Zoning code
HC
APN
357-06-03-0005
UPID
US77-1966616
Jurisdiction
HORRY
Zoning & alternative use
HC · North Myrtle Beach, SC
Zoning HC · permitted uses
HC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
MEDICAL 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
2001
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Spirit Realty LP
Entity
Free & Clear · 4 yrs held
Mailing address
2727 N HARWOOD ST STE #300, DALLAS, TX 75201-2407
Ownership since
2022
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
Feb 3, 2022
$2,282,609
Spirit Realty LP
Sparkle Jet Nmb LLC
Warranty Deed
—
Jan 22, 2020
$825,000
Sparkle Jet Nmb LLC
Sparkle Of S Carolina LLC
Warranty Deed
related
$660,000 · Synovus Bk
Jan 10, 2012
—
Sparkle Of South Carolina LLC
Billy-joe Realty LLC
Grant Deed
$1,194,000 · Coastal Carolina Nat'l Bk
Mar 1, 2006
$1,000
Osborne,gary T & Linda K
Lola M Mcdonald
Warranty 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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