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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Grocery and convenience stores
1209 Hwy 17th S North Myrtle Beach, SC 29582-3706
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1756675
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1997
Total area
3,501 SF
Lot
0.84 ac (36,590 SF)
Zoning code
HC
APN
357-11-02-0019
UPID
US77-1756675
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
-
Shell Gas Station
-
Wing Zone Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$890k
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.30M
Owner & transaction history
Parr Real Estate LLC · 2 yrs held
Parr Real Estate LLC
since 2024
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+189.1%
Retail stores
$1.3M
+174.9%
Auto repair, garage
$1.1M
+136.4%
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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,355,000
Change: +189% · Conversion: Easy
RETAIL STORES
$1,285,000
Change: +175% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$1,055,000
Change: +125% · Conversion: Difficult
OFFICE BUILDING
$785,000
Change: +68% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Feb 8 2024)
Last sale anchor
$1.30M
Feb 8 2024
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
$371 / 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
$16,826
Tax year 2023
Assessed value
$73,380
Assessed 2023
Previous assessed
$73,380
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$39,876
Assessed improvement
$33,504
Land market value
$664,600
Improvement market value
$558,400
Total market value
$1,223,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1997
Heating
SOLAR
Cooling
CENTRAL
Total area
3,501 SF
Lot
0.84 ac (36,590 SF)
Zoning code
HC
APN
357-11-02-0019
UPID
US77-1756675
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1997
Heating
SOLAR
Cooling
Yes
Lot
0.84 ac
Current owner
From public records · entity-resolved
Parr Real Estate LLC
Entity
Mailing address
1209 HWY 17TH S, NORTH MYRTLE BEACH, SC 29582-3706
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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 8, 2024
$1,300,000
Parr Real Estate LLC
Bell Commercial Leasing LLC
Warranty Deed
$2,812,500 · Carolina Bank
Feb 2, 2021
—
Rhea Development LLC
—
Deed
related
$416,700 · Ameris Bank
Dec 8, 2008
—
Bell,richard E Living Trust
Richard E Bell
Quit Claim Deed
related
—
—
—
Rhea Dev LLC
—
Deed Of Trust
related
$370,943 · Ameris Bk
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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