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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
1503 Madison Dr North Myrtle Beach, SC 29582-3901
Entity Owned
15-yr Hold
Free & Clear
Property ID
US77-0026140
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
5,980 SF
Lot
0.21 ac (9,148 SF)
Zoning code
NC
APN
357-11-04-0203
UPID
US77-0026140
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
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$813k
Blend (final)
Blend
$785k
Owner & transaction history
Fincham Ents LLC · 15 yrs held
Fincham Ents LLC
since 2011
7 recorded transactions
Zoning & alternative use
NC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Myrtle Beach 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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,095,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$131 / 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
$5,327
Tax year 2023
Assessed value
$23,232
Assessed 2023
Effective rate
22.93%
On assessed value
Assessed land
$7,452
Assessed improvement
$15,780
Land market value
$126,000
Improvement market value
$384,500
Total market value
$510,500
Applied tax rate
550.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
5,980 SF
Lot
0.21 ac (9,148 SF)
Zoning code
NC
APN
357-11-04-0203
UPID
US77-0026140
Jurisdiction
HORRY
Zoning & alternative use
NC · North Myrtle Beach, SC
Zoning NC · permitted uses
NC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
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
1999
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
Fincham Ents LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 478, CULPEPER, VA 22701-0478
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2011
—
Fincham Ents LLC
Myrtle Grand Real Estate LLC
Deed In Lieu Of Foreclosure
related
—
May 12, 2010
—
Myrtle Grand Real Estate LLC
Myrtle Grand Vacations LLC
Quit Claim Deed
related
—
Mar 3, 2009
$600,000
Myrtle Grand Vacations LLC
Fincham Ents LLC
Warranty Deed
$600,000 · Fincham Ents LLC
Mar 7, 2005
—
Fincham Ents LLC
Robert Morphis
Deed In Lieu Of Foreclosure
related
—
Jan 24, 2005
$400,000
Morphis,robert
Fincham Ents LLC
Warranty Deed
$500,000 · Fincham Ents LLC
Jun 2, 2004
$350,000
Fincham Ents LLC
Paul J Smith
Grant Deed
$150,000 · Branch Bk&tr/sc
Mar 1, 2002
$250,000
Paul J Smith
—
Grant Deed
—
Jan 9, 2002
$228,000
T Bb
—
Grant Deed
—
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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