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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Day care centers
126 Co Op Rd Myrtle Beach, SC 29588-7375
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-0336402
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2009
Construction
CONCRETE
Total area
3,906 SF
Lot
0.41 ac (17,860 SF)
Zoning code
HC
APN
440-15-02-0010
UPID
US77-0336402
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$800k
Owner & transaction history
Rpmj Development LLC · 4 yrs held
Rpmj Development LLC
since 2021
Last sale
$760,000
4 recorded transactions
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$940,000
+79.7%
Office building
$925,000
+76.7%
Auto repair, garage
$600,000
+15.0%
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
$1,105,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$520,000
Current use
COMMERCIAL (GENERAL)
$940,000
Change: +80% · Conversion: Difficult
OFFICE BUILDING
$925,000
Change: +77% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$570,000
Change: +9% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $760k (Aug 19 2021)
Last sale anchor
$760k
Aug 19 2021
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
$205 / 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
Assessed value
$28,501
Assessed 2023
Previous assessed
$28,501
+0.0% YoY
Assessed land
$7,501
Assessed improvement
$21,000
Land market value
$125,020
Improvement market value
$350,000
Total market value
$475,020
Applied tax rate
630.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
3,906 SF
Lot
0.41 ac (17,860 SF)
Zoning code
HC
APN
440-15-02-0010
UPID
US77-0336402
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SCZoning HC · permitted uses
HC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$940,000
OFFICE BUILDING
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$600,000
RETAIL STORES
Est. value
$570,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.41 ac
Current owner
From public records · entity-resolved
Rpmj Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
794 MONTERROSA DR, MYRTLE BEACH, SC 29572-8170
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
$760,000
Rpmj Development LLC
Rainbow Construction INC
Warranty Deed
—
Dec 29, 2009
$137,345
Rainbow Construction INC
Business Vision Ltd
Warranty Deed
—
Apr 18, 2007
$115,000
Business Vision Ltd
Causey James L JR Trust
Warranty Deed
—
Jul 29, 2003
—
Causey,june Tr
—
Grant Deed
related
—
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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