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Property profile & analytics
OFF-MARKET
Estimated value
$1,325,000
Warehouses
1800 Hwy 501st W Galivants Ferry, SC 29544-7646
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US77-0521013
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
CONCRETE
Total area
5,536 SF
Lot
3.36 ac (146,362 SF)
APN
202-11-02-0002
UPID
US77-0521013
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
$1.33M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.33M
Owner & transaction history
Official Myrtle Bch Welcome Ce · 14 yrs held
Official Myrtle Bch Welcome Ce
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+111.3%
Restaurant
$1.9M
+91.8%
Auto repair, garage
$1.8M
+72.8%
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 Galivants Ferry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galivants Ferry 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%
$1,440,000
6.5%
$1,325,000
7%
$1,230,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,015,000
Current use
COMMERCIAL (GENERAL)
$2,140,000
Change: +111% · Conversion: Difficult
RESTAURANT
$1,945,000
Change: +92% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,750,000
Change: +73% · Conversion: Easy
MEDICAL BUILDING
$1,670,000
Change: +65% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$1,025,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±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
$239 / 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
$8,910
Tax year 2023
Assessed value
$32,603
Assessed 2023
Previous assessed
$32,603
+0.0% YoY
Effective rate
27.33%
On assessed value
Assessed land
$9,126
Assessed improvement
$23,477
Land market value
$152,100
Improvement market value
$530,900
Total market value
$683,000
Applied tax rate
440.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1990
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
5,536 SF
Lot
3.36 ac (146,362 SF)
APN
202-11-02-0002
UPID
US77-0521013
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
$1.0M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1990
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
3.36 ac
Current owner
From public records · entity-resolved
Official Myrtle Bch Welcome Ce
Individual
Mailing address
1495 CROOKED PNE DR, MYRTLE BEACH, SC 29575-5251
Ownership since
2012
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
Dec 4, 2020
—
Official Myrtle Bk Welcome
—
Deed
related
$239,312 · Lynda Liljenquist
Mar 9, 2012
$760,000
Official Myrtle Bch Welcome Ce
Mark Spaugy LLC
Warranty Deed
$464,000 · Bank Of Nc
Oct 30, 2007
$1,000,000
Mark Spaugy LLC
Spaugy & Thurn LLC
Warranty Deed
related
—
Jun 11, 2007
$1,000,000
Spaugy & Thurn LLC
Myrtle Bch Area Chamber Of Commer
Warranty Deed
$850,000 · Coastal Fed'l Bk
—
—
Mark Spaugy LLC
—
Deed Of Trust
related
$1,000,000 · Beach First Nat'l Bk
—
—
Spaugy,mark A
—
Deed Of Trust
related
$1,000,000 · Beach First Nat'l Bk
—
—
Official Myrtle Bk Welcome
—
Deed Of Trust
related
$239,312 · Lynda Liljenquist
—
—
Mark Spaugy LLC
—
Loan Modification
related
$175,650 · Beach First Nat'l Bk
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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