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Property profile & analytics
OFF-MARKET
Estimated value
$8,215,000
Warehouses
1886 Hwy 501 Myrtle Beach, SC 29577
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1814966
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2016
Construction
CONCRETE
Total area
40,071 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C3
APN
425-10-03-0025
UPID
US77-1814966
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
$9.61M
Comparable Approach
Comparable
$9.22M
Blend (final)
Blend
$8.22M
Owner & transaction history
Num 1866 Hwy 501 LLC · 1 yrs held
Num 1866 Hwy 501 LLC
since 2024
6 recorded transactions
Zoning & alternative use
C3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.1M
+100.3%
Apartment house (5+ units)
$11.4M
+88.8%
Office building
$9.8M
+62.3%
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%
$10,405,000
6.5%
$9,605,000
7%
$8,920,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,030,000
Current use
MEDICAL BUILDING
$12,075,000
Change: +100% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,380,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$9,780,000
Change: +62% · Conversion: Difficult
RESTAURANT
$9,270,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$7,170,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$8.22M
Range $7.39M – $9.04M · ±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
$205 / 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
$66,521
Tax year 2023
Assessed value
$243,491
Assessed 2023
Previous assessed
$243,491
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$37,860
Assessed improvement
$205,631
Land market value
$631,000
Improvement market value
$4,757,800
Total market value
$5,388,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
40,071 SF
Lot
2.56 ac (111,514 SF)
Zoning code
C3
APN
425-10-03-0025
UPID
US77-1814966
Jurisdiction
HORRY
Zoning & alternative use
C3 · Myrtle Beach, SC
Zoning C3 · permitted uses
C3 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$12.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
OFFICE BUILDING
Est. value
$9.8M
RESTAURANT
Est. value
$9.3M
RETAIL STORES
Est. value
$7.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
2016
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
2.56 ac
Current owner
From public records · entity-resolved
Num 1866 Hwy 501 LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4124 TAPPERTY CIR, CHARLOTTE, NC 28226-1901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2024
—
Num 1866 Hwy 501 LLC
Num 1120 LLC
Warranty Deed
—
Dec 6, 2019
—
1120 LLC
—
Deed
related
$6,230,000 · Branch Bk&tr
Dec 21, 2015
—
1120 LLC
—
Deed Of Trust
related
$4,300,000 · Park Sterling Bk
Jul 2, 2014
$672,423
1120 LLC
Branch Bkng & Trust Co
Grant Deed
—
Jan 3, 2007
$2,750,000
Coastal Federal Bank
Myrtle Beach Hatb LLC
Grant Deed
related
—
—
—
1120 LLC
—
Deed Of Trust
related
$6,230,000 · Branch Bk&tr
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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