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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Medical Office Space
1406 Main St Conway, SC 29526-3567
Individually Owned
13-yr Hold
Free & Clear
Property ID
US77-1956042
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
CONCRETE
Total area
8,654 SF
Lot
0.32 ac (13,939 SF)
Zoning code
NC
APN
338-12-01-0042
UPID
US77-1956042
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
-
James M. Vaught, OD Physician
-
Vaught Eye Associates, PA Ophthalmologist (Bike/Boat/Book/etc) Store
-
Garett Wise, OD Physician
-
Edward L. Weiner, OD Physician
-
Dr. Heather Vaught Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
James M Vaught · 13 yrs held
James M Vaught
since 2013
6 recorded transactions
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
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$140 / 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
$8,255
Tax year 2023
Assessed value
$30,345
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$6,257
Assessed improvement
$24,088
Land market value
$139,500
Improvement market value
$574,800
Total market value
$714,300
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
1996
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
8,654 SF
Lot
0.32 ac (13,939 SF)
Zoning code
NC
APN
338-12-01-0042
UPID
US77-1956042
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
Building & site characteristics
From public records
Year built
1996
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.32 ac
Current owner
From public records · entity-resolved
James M Vaught
Individual
Free & Clear · 13 yrs held
Mailing address
1406 MAIN ST, CONWAY, SC 29526-3567
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2018
—
Tbkitw Hldgs LLC
—
Deed
related
$1,750,000 · Conway Nat'l Bk
Mar 25, 2013
—
James M Vaught
Vaught Holding Co LLC
Quit Claim Deed
related
—
Feb 26, 2010
—
Vaught Holding Co LLC
James M Vaught
Quit Claim Deed
related
—
—
—
Tbkitw Hldgs LLC
—
Deed Of Trust
related
$1,750,000 · Conway Nat'l Bk
—
—
Tbkitw LLC
—
Deed Of Trust
related
$716,300 · Conway Nat'l Bk
—
—
Vaught Holding Co LLC
—
Deed Of Trust
related
$716,300 · Conway Nat'l 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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