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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Warehouses
1228 Prt Dr Myrtle Beach, SC 29577-6346
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-2755932
Property summary
AI-generated overview
This exceptional 2,000-square-foot flex space in Myrtle Beach, South Carolina, presents a fantastic opportunity for a variety of businesses. Located at 1228 Port Dr, this single-tenant property sits on a 1.7-acre lot and offers a unique blend of indoor and outdoor space. The building, classified as Class B, is a two-story structure with 111 feet of frontage. The interior boasts a showroom complete with a reception area, two bathrooms, and three private offices. A convenient roll-up garage door in the rear provides easy access for vehicles and equipment. Upstairs, an additional office provides extra workspace. The property is fully fenced, ideal for secure outdoor storage of vehicles or equipment. The zoning is GC. The property's APN is 44104030024. Currently, the entire 2,000 square feet is vacant and ready for immediate occupancy. Annual property taxes are $1.51 per square foot. This property is ideally suited for a trade shop or similar business, and its proximity to Autohaus provides excellent visibility and potential synergy. Don't miss this chance to secure this versatile and well-appointed commercial space in a prime Myrtle Beach location. The zip code is 29577.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
6,170 SF
Lot
1.63 ac (71,003 SF)
Zoning code
R-4
APN
441-04-03-0024
UPID
US77-2755932
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
-
Autohaus Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.30M
Owner & transaction history
Fredericks Family Holdngs LLC · 1 yrs held
Fredericks Family Holdngs LLC
since 2024
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
R-4 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+100.3%
Apartment house (5+ units)
$1.8M
+88.8%
Office building
$1.5M
+62.3%
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 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
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$930,000
Current use
MEDICAL BUILDING
$1,860,000
Change: +100% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,750,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,505,000
Change: +62% · Conversion: Difficult
RESTAURANT
$1,430,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.30M (Aug 12 2024)
Last sale anchor
$1.30M
Aug 12 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
$211 / 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
$9,334
Tax year 2023
Assessed value
$40,824
Assessed 2023
Previous assessed
$40,824
+0.0% YoY
Effective rate
22.86%
On assessed value
Assessed land
$24,450
Assessed improvement
$16,374
Land market value
$407,500
Improvement market value
$272,900
Total market value
$680,400
Applied tax rate
600.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Total area
6,170 SF
Lot
1.63 ac (71,003 SF)
Zoning code
R-4
APN
441-04-03-0024
UPID
US77-2755932
Jurisdiction
HORRY
Zoning & alternative use
R-4 · Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · 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
WAREHOUSE, STORAGE Current
Est. value
$930,000
MEDICAL BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
Construction
CONCRETE
Heating
NONE
Lot
1.63 ac
Current owner
From public records · entity-resolved
Fredericks Family Holdngs LLC
Entity
Mailing address
1228 PRT DR, MYRTLE BEACH, SC 29577-6346
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
$1,300,000
Fredericks Family Holdngs LLC
Jurgen Zimmer
Warranty Deed
$1,686,600 · Veritex Community Bank
—
—
Jurgen Zimmer
—
Deed Of Trust
related
$265,000 · 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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