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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Bars & Pubs
1213 3rd S Ave Myrtle Beach, SC 29577-5547
Entity Owned
12-yr Hold
Free & Clear
Property ID
US77-1162504
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1980
Construction
STEEL FRAME
Total area
3,200 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-3
APN
425-14-04-0014
UPID
US77-1162504
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
-
Lolli's on 3rd Nightclub Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$501k
Blend (final)
Blend
$505k
Owner & transaction history
Gro Properties LLC · 12 yrs held
Gro Properties LLC
since 2013
5 recorded transactions
Zoning & alternative use
C-3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$780,000
+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
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$740,000
Current use
OFFICE BUILDING
$780,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
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
$158 / 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
$5,622
Tax year 2023
Assessed value
$20,578
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$11,163
Assessed improvement
$9,415
Land market value
$249,700
Improvement market value
$404,000
Total market value
$653,700
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
3,200 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C-3
APN
425-14-04-0014
UPID
US77-1162504
Jurisdiction
HORRY
Zoning & alternative use
C-3 · Myrtle Beach, SC
Zoning 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
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$740,000
OFFICE BUILDING
Est. value
$780,000
RESTAURANT Current
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
1980
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.8 ac
Current owner
From public records · entity-resolved
Gro Properties LLC
Entity
Free & Clear · 12 yrs held
Mailing address
204 W WOODLAWN RD STE C, CHARLOTTE, NC 28217-2174
Ownership since
2013
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
Jul 31, 2013
$243,000
Gro Properties LLC
Special Referee Of Horry County|top Dog Investment
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jun 16, 2010
—
Duck & Dog LLC
Top Dog Investments LLC
Grant Deed
related
—
Apr 7, 2003
—
Top Dog Invst LLC
—
Grant Deed
related
—
Sep 28, 2001
$250,000
Mirage Of Sc INC
—
Grant Deed
—
—
—
Duck & Dog LLC
—
Deed Of Trust
related
$100,000 · Terry Colandra
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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