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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Turn key restaurants
1301 Hwy 17th Byp, Murrells Inlet, SC 29576
Individually Owned
5-yr Hold
Free & Clear
Property ID
US77-2073706
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
CONCRETE
Total area
9,517 SF
Lot
3 ac (130,680 SF)
Zoning code
HC
APN
469-06-03-0004
UPID
US77-2073706
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
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.06M
Owner & transaction history
Oak St Inv Grade Net Lease Fun · 5 yrs held
Oak St Inv Grade Net Lease Fun
since 2020
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
HC · Murrells Inlet, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.9M
+17.6%
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 Murrells Inlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrells Inlet 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
$3,980,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,340,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,930,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,010,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$2,865,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $2.22M (Dec 8 2020)
Last sale anchor
$2.22M
Dec 8 2020
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
$322 / 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
$29,836
Tax year 2023
Assessed value
$132,564
Assessed 2023
Previous assessed
$132,564
+0.0% YoY
Effective rate
22.51%
On assessed value
Assessed land
$78,408
Assessed improvement
$54,156
Land market value
$1,306,800
Improvement market value
$902,600
Total market value
$2,209,400
Applied tax rate
610.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
9,517 SF
Lot
3 ac (130,680 SF)
Zoning code
HC
APN
469-06-03-0004
UPID
US77-2073706
Jurisdiction
HORRY
Zoning & alternative use
HC · Murrells Inlet, SC
Zoning HC · permitted uses
HC · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrells Inlet. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
SOLAR
Cooling
Yes
Lot
3 ac
Current owner
From public records · entity-resolved
Oak St Inv Grade Net Lease Fun
Individual
Free & Clear · 5 yrs held
Mailing address
125 S WACKER DR STE #1220, CHICAGO, IL 60606-4430
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
$2,222,154
Oak St Inv Grade Net Lease Fun
Cb Portfolio Owner LLC
Warranty Deed
—
Aug 13, 2020
$2,083,450
Cb Portfolio Owner LLC
Country Stores Prop II LLC
Warranty Deed
—
Aug 13, 2020
$21,045
Cb Portfolio Owner LLC
Cs II LLC
Warranty Deed
—
Jul 31, 2000
$2,262,348
Country Stores Prop II LLC
—
Trustees Deed
related
—
Jul 31, 2000
$71,194
Cs,remainder LLC
—
Trustees 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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