12182 Hwy 17th Byp Murrells Inlet, SC 29576-9343
Individually Owned
9-yr Hold
~
Est. High Equity
Estimated value (blended)
$885k
Range $797k – $974k (±10%)
Implied cap rate
8.00%
In-place · NOI ÷ last sale
Property ID
US77-1945908
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2016
Construction
CONCRETE
Total area
3,920 SF
Lot
1.12 ac (48,787 SF)
Zoning code
HC
APN
469-06-03-0001
UPID
US77-1945908
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
$995k
Comparable Approach
Comparable
$851k
Blend (final)
Blend
$885k
Owner & transaction history
since 2017
4 recorded transactions
Zoning & alternative use
HC · Murrells Inlet, SC
Top alternative use upside
Auto repair, garage
$1.2M
+136.4%
Medical building
$1.2M
+125.3%
Office building
$880,000
+67.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$885k
Value range
$797k – $974k
±10% around blend
Estimated value / SF
$226 / SF
Confidence
None
2 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
20
$797k
blend $885k
$974k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,920 SF
Lot area
1.12 ac
Year built
2016
Stories
2
APN
469-06-03-0001
Assessed value
$195,600
Annual tax
$42,432
3
Income approach: direct capitalization
Partial preview
Income approach indication
$995k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.08M
@ 6.5% CAP return
$995k
@ 7% CAP return
$925k
4
Sales comparison
Partial preview
Sales approach indication
$851k
Weighted, 0 comps · none confidence
Evidence
2 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$885k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 77 sales
$134
+69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $226/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+136%
vs current-use indication
Medical Building
Office Building
Retail Stores
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 2 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
8.00%
Implied, in-place cap rate for this strip malls
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$14k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$171k
Move the market yield to see immediate price impact.
Value / SF
$44
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$12k
$164k
$154k
$145k
$14k
$183k
$171k
$161k
$15k
$201k
$188k
$177k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
2 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$42,432
Tax year 2023
Assessed value
$195,600
Assessed 2023
Effective rate
21.69%
On assessed value
Assessed land
$48,000
Assessed improvement
$147,600
Land market value
$800,000
Improvement market value
$2,460,000
Total market value
$3,260,000
Applied tax rate
610.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
2016
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
3,920 SF
Lot
1.12 ac (48,787 SF)
Zoning code
HC
APN
469-06-03-0001
UPID
US77-1945908
Jurisdiction
HORRY
Zoning & alternative use
HC · Murrells Inlet, SCZoning HC · permitted uses
HC · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
2
Buildings
2
Lot
1.12 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HC
Jurisdiction
Murrells Inlet, SC
Recorded code
HC
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
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Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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