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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1268 Surfside Industrial Park Surfside Beach, SC 29575-5235

    • Warehouses
    • 1,200 SF
    • 0.03 lot acres
    OFF-MARKET
    Last Sale
    Mar 05, 2021
    $209,500
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    5.6%
    Warehouses
    Location Intelligence
    Property ID
    US77-1935849
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1268 Surfside Industrial Park

    Year built
    1985
    Lot size
    0.03 lot acres
    Property size
    1,200 SF
    Zone code
    HC
    Property type
    Warehouses
    APN
    459-06-03-0028
    APU
    45906030028

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $335,000
      ML approach
      $495,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $310,000
      6.5%
      $290,000
      7%
      $265,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $455,000
      MEDICAL BUILDING
      $360,000
      RETAIL STORES
      $245,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Surfside Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9647
    Latitude
    33.6304
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $888
    $433
    $1,760
    $2,193
    -
    $7,520
    $41,900
    $49,420

    Comparable in this City

    • Value Estimation
      $520,000
      2,950 SF

      814 3rd S Ave

      WAREHOUSE, STORAGE • 2,950 SF
      814 3rd S Ave, Surfside Beach, SC 29575-3620
      View Details
    • Value Estimation
      $360,000
      2,250 SF

      212 Poplar Dr

      MINI-WAREHOUSE, STORAGE • 2,250 SF
      212 Poplar Dr, Surfside Beach, SC 29575-3675
      View Details
    • Value Estimation
      $465,000
      1,558 SF

      1288 Surfside Industrial Park

      WAREHOUSE, STORAGE • 1,558 SF
      1288 Surfside Industrial Park, Surfside Beach, SC 29575-5235
      View Details
    • Value Estimation
      $695,000
      3,450 SF

      311 Hwy 17th Nbus

      WAREHOUSE, STORAGE • 3,450 SF
      311 Hwy 17th Nbus, Surfside Beach, SC 29575-6030
      View Details
    • Value Estimation
      $460,000
      2,600 SF

      1105 Surfside Industrial Park

      MINI-WAREHOUSE, STORAGE • 2,600 SF
      1105 Surfside Industrial Park, Myrtle Beach, SC 29575
      View Details
    • Value Estimation
      $440,000
      3,835 SF

      1020 Sandy Ln

      WAREHOUSE, STORAGE • 3,835 SF
      1020 Sandy Ln, Myrtle Beach, SC 29575
      View Details

    Similar Nearby for Sale

    • $700,000
      Pending

      5,000 SF Metal Building

      Metal building with outdoor storage in Surfside Beach, SC.
      910 Business St South, Myrtle Beach, SC 29575
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    • $2,750,000
      2.97 Acres

      Highway 17 Business Land - Surfside Beach

      Prime 2.97-acre commercial lot, Hwy 17 frontage.
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    • $750,000

      Surfside Beach Commercial Land

      Prime Hwy 17 Commercial Lot, Pad-Ready
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    • $85,000
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      Surfside Beach Bistro - Turnkey Sale

      Beachfront Bistro, Fully Equipped, $85,000
      818 Surfside Dr, Surfside Beach, SC 29575
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    • $799,000

      Commercial Lots in Oleander Park

      1.52 acres of commercial land for sale.
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    • $599,000

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      Income-producing duplex near Surfside Beach pier and attractions.
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    Similar Nearby for Lease

    • $2,667 /Mo
      2,000 SF

      Conditioned Office/Warehouse Space For Lease

      2,000 SF office/warehouse with reception, offices, and storage.
      475 Sandy Ln, Myrtle Beach, SC 29575
      View Details
    • $10 SF/Yr
      14,500 SF

      Industrial Space Available For Lease

      14,500 square foot industrial space for lease.
      3rd Avenue S 1121, Myrtle Beach, SC 29575
      View Details
    • $11,250 /Mo
      9,000 SF

      Versatile Building in Surfside Beach

      9,000 SF building on 1.5 acres with redevelopment potential.
      910 Business St, Myrtle Beach, SC 29575
      View Details
    • $13,750 /Mo
      10,000 SF

      Redeveloped Warehouse with Highway Access

      10,000 SF warehouse with outdoor storage and highway access.
      910 Business St, Myrtle Beach, SC 29575
      View Details
    • $21 SF/Yr
      4,135 SF

      Myrtle Beach Mixed-Use Office Space

      Office space in vibrant Myrtle Beach district with live-work-play lifestyle.
      1101 Johnson Ave, Myrtle Beach, SC 29575
      View Details
    • $1,395 /Mo
      1,088 SF

      Surfside Beach Two Bedroom Townhome

      Two-bedroom townhome near the beach, shopping, dining, and entertainment.
      401 Garden Dr, Myrtle Beach, SC 29575
      View Details
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    Surfside Beach, SC 29575-5235
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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