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Property profile & analytics
OFF-MARKET
Estimated value
$1,770,000
Outlet malls
1509 Kings Hwy Myrtle Beach, SC 29577-4510
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2095340
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1975
Total area
9,600 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
443-15-02-0017
UPID
US77-2095340
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
-
Sugar Life Ice Cream and Candy Bar Grocery & Convenience Store Specialty Food Shop
-
Burroughs Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$1.35M
Blend (final)
Blend
$1.77M
Owner & transaction history
Sl1509 LLC · 4 yrs held
Sl1509 LLC
since 2021
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$2.9M
+68.4%
Apartment house (5+ units)
$2.7M
+58.7%
Office building
$2.3M
+36.4%
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 Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$2,470,000
ML approach
$2,415,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,720,000
Current use
MEDICAL BUILDING
$2,890,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,725,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$2,345,000
Change: +36% · Conversion: Easy
RESTAURANT
$2,220,000
Change: +29% · Conversion: Easy
WAREHOUSE, STORAGE
$1,445,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10% · vs last sale $1.56M (Nov 29 2021)
Last sale anchor
$1.56M
Nov 29 2021
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
$184 / 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
$16,378
Tax year 2023
Assessed value
$32,868
Assessed 2023
Effective rate
49.83%
On assessed value
Assessed land
$20,034
Assessed improvement
$12,834
Land market value
$333,900
Improvement market value
$278,500
Total market value
$612,400
Applied tax rate
880.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1975
Heating
SOLAR
Cooling
CENTRAL
Total area
9,600 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
443-15-02-0017
UPID
US77-2095340
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SCZoning C2 · permitted uses
C2 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.3M
RESTAURANT
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
1975
Heating
SOLAR
Cooling
Yes
Lot
0.55 ac
Current owner
From public records · entity-resolved
Sl1509 LLC
Entity
Mailing address
1131 48TH AVE N STE A, MYRTLE BEACH, SC 29577-5439
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2022
—
Sl 1509 LLC
—
Deed
related
$500,000 · Citizens Bank
Nov 29, 2021
$1,555,000
Sl1509 LLC
Calliope T Moshoures
Warranty Deed
$1,244,000 · Sandhills Bank
Dec 13, 1999
—
C T Moshoures
—
Deed Of Trust
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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