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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Retail space
1214 Kings Hwy Myrtle Beach, SC 29577-3635
Entity Owned
2-yr Hold
Property ID
US77-1883602
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1954
Total area
2,463 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C1
APN
444-01-02-0072
UPID
US77-1883602
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
-
Nailed By Neshia Nail Salon
-
Nails Smile Hair Salon Nail Salon
-
One Stop Beauty Salon and Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$630k
Owner & transaction history
Palmetto Mb LLC · 2 yrs held
Palmetto Mb LLC
since 2023
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
C1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$930,000
+110.8%
Medical building
$740,000
+68.4%
Office building
$600,000
+36.4%
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 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
$720,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$515,000
Alternative Use
Use
Estimation
RETAIL STORES
$440,000
Current use
AUTO REPAIR, GARAGE
$930,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$740,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $580k (Sep 15 2023)
Last sale anchor
$580k
Sep 15 2023
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
$256 / 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
$1,076
Tax year 2023
Assessed value
$3,348
Assessed 2023
Previous assessed
$3,348
+0.0% YoY
Effective rate
32.14%
On assessed value
Assessed land
$3,300
Assessed improvement
$48
Land market value
$55,000
Improvement market value
$800
Total market value
$55,800
Applied tax rate
893.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1954
Heating
SOLAR
Cooling
CENTRAL
Total area
2,463 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C1
APN
444-01-02-0072
UPID
US77-1883602
Jurisdiction
HORRY
Zoning & alternative use
C1 · Myrtle Beach, SC
Zoning C1 · permitted uses
C1 · 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
RETAIL STORES Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$930,000
MEDICAL BUILDING
Est. value
$740,000
OFFICE BUILDING
Est. value
$600,000
RETAIL STORES Current
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
1954
Heating
SOLAR
Cooling
Yes
Lot
0.06 ac
Current owner
From public records · entity-resolved
Palmetto Mb LLC
Entity
Mailing address
8030 FT HL WAY, MYRTLE BEACH, SC 29579-3720
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
$580,000
Palmetto Mb LLC
National Amusement Rides LLC
Warranty Deed
—
Mar 8, 2022
$525,000
National Amusement Rides LLC
Murrells Inlet Corp
Warranty Deed
—
Mar 11, 2010
—
Highsmith,j Frank III Tr
Cornelia M Highsmith
Quit Claim Deed
related
—
Mar 11, 2010
$180,000
Murrells Inlet Corp
J Frank Highsmith III
Grant Deed
—
—
—
Murrells Inlet Corp
—
Deed Of Trust
related
$860,000 · Sandhills Bk
—
—
Murrells Intet Corp
—
Deed Of Trust
related
$105,000 · J Frank III Highsmith
—
—
Murrells Inlet Corp
—
Deed Of Trust
related
$417,500 · Sandhills 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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