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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Medical Office Space
1316 3rd Ave Conway, SC 29526-5002
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US77-1987577
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1949
Construction
CONCRETE
Total area
9,840 SF
Lot
0.9 ac (39,204 SF)
Zoning code
CC
APN
368-04-02-0041
UPID
US77-1987577
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
Current use
Occupant on record · Public records
-
CareNow Urgent Care - Conway Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$2.06M
Owner & transaction history
Conway Urgent Care LLC · 9 yrs held
Conway Urgent Care LLC
since 2017
5 recorded transactions
Zoning & alternative use
CC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the CC District is to establish a thriving commercial and mixed-use district adjacent to the Central Business District that provides form and use of development compatible to that of the CBD, but not as strict with regards to design standards.
Zone name
Core Commercial
General category
MIXED_USE
Zone area
83.70 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$3.1M
+5.0%
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,450,000
6.5%
$2,265,000
7%
$2,100,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,965,000
Current use
AUTO REPAIR, GARAGE
$3,110,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10%
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
$209 / 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
$23,756
Tax year 2023
Assessed value
$87,342
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$22,410
Assessed improvement
$64,932
Land market value
$373,500
Improvement market value
$1,082,200
Total market value
$1,455,700
Applied tax rate
110.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1949
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
9,840 SF
Lot
0.9 ac (39,204 SF)
Zoning code
CC
APN
368-04-02-0041
UPID
US77-1987577
Jurisdiction
HORRY
Zoning & alternative use
CC · Conway, SCZoning CC · permitted uses
CC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the CC District is to establish a thriving commercial and mixed-use district adjacent to the Central Business District that provides form and use of development compatible to that of the CBD, but not as strict with regards to design standards.
Zone name
Core Commercial
General category
MIXED_USE
Zone area
83.70 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1949
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.9 ac
Current owner
From public records · entity-resolved
Conway Urgent Care LLC
Entity
Mailing address
9820 N KINGS HWY, MYRTLE BEACH, SC 29572-4013
Ownership since
2017
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
Nov 3, 2021
—
Conway Urgent Care LLC
—
Deed
related
$6,864,320 · South State Bank
Jul 31, 2018
—
Conway Urgent Care LLC
—
Deed
related
$811,511 · First Palmetto Bk
Jun 5, 2017
$830,000
Conway Urgent Care LLC
Farrar Family LP
Warranty Deed
$747,000 · First Palmetto Bk
Dec 17, 1999
—
Farrar Family LP
—
Deed Of Trust
related
—
—
—
Conway Urgent Care LLC
—
Deed Of Trust
related
$811,511 · First Palmetto Bk
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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