Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    128 Offshore Dr Murrells Inlet, SC 29576-7802
    Back to Search
    Property profile & analytics

    128 Offshore Dr, Murrells Inlet, SC 29576-7802

    View on Map
    • Mobile home & RV parks
    • 2,792 SF
    • 78.28 lot acres
    Off-Market
    Property ID
    US77-0837960
    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.
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 128 Offshore Dr

    Year built
    1976
    Construction
    STEEL FRAME
    Lot size
    78.28 lot acres
    Zone code
    MHP
    Property type
    Mobile home & RV parks
    APN
    469-00-00-0002
    APU
    46900000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 31, 2010 — Burroughs Brothers Props INC — Grant Deed · related $3.8M · Bank Of America
    May 6, 2009 — Worsley Operating Corp — Grant Deed · related $6M · Private Individual
    Aug 26, 2008 — Worsley Operating Corp — Grant Deed · related $37.5M · National Cty Busn Credit
    Nov 4, 2002 — Gcl& B LLC — Grant Deed · related —
    — — G C L & B LLC — Deed Of Trust · related $800k · Conway Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $965,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,868,000
      Market price range: $632k - $1.87M

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0207
    Latitude
    33.5851
    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
    $92,062
    $197,146
    $119,789
    $316,935
    -
    $4,197,600
    $5,394,600
    $9,592,200

    Comparable in this City

    • Value Estimation by Request
      0.64 Acres

      1506 Elizabeth Dr

      MOBILE HOME PARK, TRAILER PARK
      1506 Elizabeth Dr, Murrells Inlet, SC 29576-9055
      View Details
    • Value Estimation by Request

      Murrells Inlet, SC 29576

      CAMPGROUND, RV PARK
      Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request

      Murrells Inlet, SC 29576

      CAMPGROUND, RV PARK
      Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request

      Murrells Inlet, SC 29576

      CAMPGROUND, RV PARK
      Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request

      Murrells Inlet, SC 29576

      CAMPGROUND, RV PARK
      Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request

      Murrells Inlet, SC 29576

      CAMPGROUND, RV PARK
      Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Sale

    • $1,250,000
      1.70 Acres

      Wachesaw Mobile Home Park

      Well-maintained mobile home park in Murrells Inlet, South Carolina.
      853 Wachesaw Rd, Murrells Inlet, SC 29576
      View Details
    • $9,000,000
      34,476 SF

      Coastal Senior Housing Opportunity

      39-unit senior independent living community in Murrells Inlet, SC.
      11949 Grandhaven Dr, Murrells Inlet, SC 29576
      View Details
    • $850,000
      4,861 SF

      Murrells Inlet Multifamily Investment

      Turnkey multifamily property in desirable Murrells Inlet location.
      520 Boundary Ave, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing
      29,969 SF

      Senior Living Community with Expansion

      39-unit senior independent living community with expansion opportunity.
      100 Garden Manor Ct, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Murrells Inlet Redevelopment Opportunity

      2.9-acre commercial property with redevelopment potential near Marsh Walk.
      3986 Highway 17 Business, Murrells Inlet, SC 29576
      View Details
    • $600,000

      Developed Pad Site For Sale

      0.85 acre developed pad site in Murrells Inlet.
      Pad site behind Dunkin and beside Home Depot Parcel C Tadlock Dr, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Professional Office Suite in Murrells

      Executive office suite with shared amenities on Highway 17.
      3955 Highway 17, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing
      2,420 SF

      Office Space in Murrells Inlet

      2,420 SF office space available for rent 8/15/24.
      600 Garden City Connector, Murrells Inlet, SC 29576
      View Details
    • $3,000 /Mo
      2,200 SF

      Office Warehouse in Murrells Inlet

      Office warehouse building for lease with great location and visibility.
      11772 S Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • New
      $1,000 /Mo
      863 SF

      Move-In Ready Second-Floor Office Suite

      Second-floor suite with reception area, two private offices, private restroom, and kitchenette, in a high-visibility office building.
      4717 Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Retail Pad in Murrells Inlet

      Retail pad for lease in a fast-growing Myrtle Beach MSA.
      Murrells, Murrells Inlet, SC 29576
      View Details
    • $1,500 /Mo
      1,000 SF

      Office Space in Murrells Inlet

      Office space for lease in the heart of Murrells Inlet.
      889 Inlet Square Dr, Murrells Inlet, SC 29576
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    128 Offshore Dr
    Murrells Inlet, SC 29576-7802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    128 Offshore Dr, Murrells Inlet, SC, 29576
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!