Financial
Distress signals
Property profile

1659 American Way Myrtle Beach, SC 29577

FOR LEASE
Retail space
Property ID
US77-1569295
4,860 SF 0.51 ac lot Built 2006
Last sale Jul 2013 · $340,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$23k
Assessed land$5k
Assessed improvement$18k
Effective rate27.32%

Value estimate

· Sep 2026
$445k
$401k – $490k
CAP approach$1.09M
Sales comparison$957k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$3k
Operating expenses−$18k
NOI · 233,285.71% cap applied$33k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$118 – $257
Qualifying comparables4

Cap rate analysis

How does the asset earn?
233,285.71%
$33k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Law Firm14.9
Convenience Store10.6

Location

1659 American Way Myrtle Beach, SC 29577
County assessor Recorded deeds · 7 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2817 Oak, Myrtle Beach, SC 29577-3133 $350,000 Jan 2025 3,625 SF
2204 Kings, Myrtle Beach, SC 29577-3043 $1,200,000 Sep 2024 6,004 SF
Hwy 501, Myrtle Beach, SC 29577 $650,000 Jun 2024 3,825 SF
1103 Ocean, Myrtle Beach, SC 29577-3754 $272,495 Nov 2023 5,600 SF
Ocean, Myrtle Beach, SC 29577 $1,880,000 Jun 2023 5,172 SF
909 Ocean, Myrtle Beach, SC 29577-3750 $2,400,000 Apr 2023 5,929 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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