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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Warehouses
1654 Dividend Loop Myrtle Beach, SC 29577-1876
Individually Owned
Free & Clear
Property ID
US77-2002271
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Construction
CONCRETE
Total area
5,020 SF
Lot
0.53 ac (23,087 SF)
APN
442-04-02-0003
UPID
US77-2002271
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
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$885k
Owner & transaction history
Sookyung Cho
Sookyung Cho
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+88.8%
Office building
$1.2M
+62.3%
Restaurant
$1.2M
+53.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$755,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,425,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$1,225,000
Change: +62% · Conversion: Difficult
RESTAURANT
$1,160,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$176 / 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
Assessed value
$29,399
Assessed 2023
Assessed land
$5,591
Assessed improvement
$23,808
Land market value
$93,180
Improvement market value
$396,800
Total market value
$489,980
Applied tax rate
882.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Construction
CONCRETE
Heating
NONE
Total area
5,020 SF
Lot
0.53 ac (23,087 SF)
APN
442-04-02-0003
UPID
US77-2002271
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$755,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$900,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
RETAIL STORES
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
2013
Construction
CONCRETE
Heating
NONE
Lot
0.53 ac
Current owner
From public records · entity-resolved
Sookyung Cho
Individual
Free & Clear · 0 yrs held
Mailing address
629 SWINFORD DR, MYRTLE BEACH, SC 29588-4645
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2026
$700,000
Sookyung Cho
Ming Xue Nan
Warranty Deed
—
Aug 25, 2023
—
Ming Xue Nan
Ming Xue Nan
Warranty Deed
related
—
Jul 28, 2023
—
Ming Xue Nan
Extreme Siding LLC
Warranty Deed
—
Jul 24, 2020
$490,000
Extreme Siding LLC
Governors Row LLC
Warranty Deed
$833,000 · South St Bk
Feb 28, 2013
$72,500
Governors Row LLC
Broadhurst James L Trust
Warranty Deed
$248,000 · Palmetto Heritage Bk&tr
Dec 22, 2011
—
Broadhurst,james L Family Trust
James L Broadhurst
Quit Claim Deed
related
—
Dec 18, 2006
$145,000
Broadhurst,james L & Rachel B
Pace Investments LLC
Warranty Deed
—
Dec 21, 2004
$184,400
Pace Investments LLC
Myrtle Beach Farms Co INC
Grant Deed
$165,800 · Plantation Fed'l Bk
—
—
Broadhurst,james L & Rachel B
—
Deed Of Trust
related
$490,000 · South Carolina Bk&tr NA
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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