Entity Owned 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
Current use
Occupant on record · Public records
-
Auto Repair Shop
Location
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
since 2024
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
R-4 · Myrtle Beach, SC
Top alternative use upside
Medical building
$1.9M
+100.3%
Apartment house (5+ units)
$1.8M
+88.8%
Office building
$1.5M
+62.3%
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.30M
Value range
$1.17M – $1.43M
±10% around blend
Estimated value / SF
$211 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
50
$1.17M
blend $1.30M
$1.43M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,170 SF
Lot area
1.63 ac
Year built
1997
APN
441-04-03-0024
Zoning
R-4
Assessed value
$40,824
Annual tax
$9,334
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.48M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.60M
@ 6.5% CAP return
$1.48M
@ 7% CAP return
$1.38M
4
Sales comparison
Partial preview
Sales approach indication
$942k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.6 mi away · 5,020 SF
1.8 mi away · 4,840 SF
2.9 mi away · 7,399 SF
2.9 mi away · 5,238 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$150
+40%
Submarket 82 sales
$157
+34%
County 154 sales
$183
+15%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $211/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+100%
vs current-use indication
Apartment House (5+ Units)
Office Building
Restaurant
Retail Stores
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
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
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.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
7.40%
Implied, in-place cap rate for this warehouses
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 · 7.40%
9.0%
NOI (est.)
$91k *
Last sale · Aug 2024
$1.30M
* 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$1.23M
Move the market yield to see immediate price impact.
Value / SF
$199
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
6.90%7.40%7.90%
$82k
$1.19M
$1.11M
$1.04M
$91k
$1.32M
$1.23M
$1.15M
$100k
$1.45M
$1.35M
$1.27M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$900k
1.6 mi · Feb 2026 · $171/SF
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
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
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, SCZoning R-4 · permitted uses
R-4 · Myrtle Beach, 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
1997
Construction
CONCRETE
Heating
NONE
Lot
1.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-4
Jurisdiction
Myrtle Beach, SC
Recorded code
R-4
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-4 in Myrtle Beach, SC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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