Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Turn key restaurants
1621 Hwy 17th N North Myrtle Beach, SC 29582-2229
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-1753465
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Construction
CONCRETE
Total area
12,480 SF
Lot
2.02 ac (87,991 SF)
Zoning code
H-C
APN
350-05-04-0031
UPID
US77-1753465
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
-
OrthoSC Urgent Care - North Myrtle Beach Medical Clinic
-
Max D. Gehrman, M.D. Physician
-
Joshua R. Gore, M.D. Physician
-
OrthoSC - North Myrtle Beach Medical Clinic
-
Justin G. Brothers, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.25M
Blend (final)
Blend
$1.97M
Owner & transaction history
Orthosc Nmb Lr Mob LLC · 5 yrs held
Orthosc Nmb Lr Mob LLC
since 2021
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
H-C · 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
$2,460,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±10% · vs last sale $1.55M (May 20 2021)
Last sale anchor
$1.55M
May 20 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
$157 / 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
$59,490
Tax year 2023
Assessed value
$82,372
Assessed 2023
Effective rate
72.22%
On assessed value
Assessed land
$41,538
Assessed improvement
$40,834
Land market value
$1,204,000
Improvement market value
$965,200
Total market value
$2,169,200
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
12,480 SF
Lot
2.02 ac (87,991 SF)
Zoning code
H-C
APN
350-05-04-0031
UPID
US77-1753465
Jurisdiction
HORRY
Zoning & alternative use
H-C · North Myrtle Beach, SC
Zoning H-C · permitted uses
H-C · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
2.02 ac
Current owner
From public records · entity-resolved
Orthosc Nmb Lr Mob LLC
Entity
Mailing address
210 VLG CTR BLVD, MYRTLE BEACH, SC 29579-6706
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
Orthosc Nmb Lr Mob LLC
—
Deed
related
$5,640,000 · First Citizens Bank
May 20, 2021
$1,550,000
Orthosc Nmb Lr Mob LLC
Allred Investment Co LLC
Warranty Deed
$1,560,880 · First Citizens Bank
Dec 21, 2006
$2,000,000
Allred Investment Co LLC
K & W Cafeterias INC
Grant Deed
$1,400,000 · Branch Bk&tr
Oct 16, 2006
$2,000,000
K & W Cafeterias INC
A & M Cafeteria INC
Grant Deed
$600,000 · Ernie Younts
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1621 Hwy 17th N?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
