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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Medical Office Space
1404 Main St Conway, SC 29526-3567
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1655787
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
4,488 SF
Lot
0.64 ac (27,878 SF)
Zoning code
NC
APN
338-12-01-0040
UPID
US77-1655787
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
-
South Carolina Retina Institute Ophthalmologist
-
Nicholas Marchase Ophthalmologist
-
Nicholas Darrow Marchase Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
$799k
Blend (final)
Blend
$980k
Owner & transaction history
Vaught Holding Co LLC · 16 yrs held
Vaught Holding Co LLC
since 2010
1 recorded transaction
Zoning & alternative use
NC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NC District is intended to provide small-scale retail and service uses for nearby residential areas. Dimensional requirements and design standards of the NC district are intended to promote compatibility to surrounding residential areas and accommodate pedestrian use and access.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
73.75 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.4M
+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%
$1,120,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,350,000
Current use
AUTO REPAIR, GARAGE
$1,420,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±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
$218 / 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
$11,193
Tax year 2023
Assessed value
$41,152
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$12,558
Assessed improvement
$28,594
Land market value
$280,000
Improvement market value
$675,800
Total market value
$955,800
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
1985
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
4,488 SF
Lot
0.64 ac (27,878 SF)
Zoning code
NC
APN
338-12-01-0040
UPID
US77-1655787
Jurisdiction
HORRY
Zoning & alternative use
NC · Conway, SCZoning NC · permitted uses
NC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NC District is intended to provide small-scale retail and service uses for nearby residential areas. Dimensional requirements and design standards of the NC district are intended to promote compatibility to surrounding residential areas and accommodate pedestrian use and access.
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
73.75 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
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
1985
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Vaught Holding Co LLC
Entity
Free & Clear · 16 yrs held
Mailing address
144 KELLYS CV DR, CONWAY, SC 29526-7080
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2010
—
Vaught Holding Co LLC
James M Vaught
Quit Claim 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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