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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Medical Office Space
1943 Glenns Bay Rd Surfside Beach, SC 29575-4833
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1705313
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
7,702 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OPI
APN
458-13-04-0016
UPID
US77-1705313
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
$2.20M
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.71M
Owner & transaction history
Walz Capital Myrtle Beach LLC · 3 yrs held
Walz Capital Myrtle Beach LLC
since 2023
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
OPI · Surfside 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 Surfside Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surfside 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
$2,120,000
ML approach
$2,200,000
CAP Approach
CAP Return
Estimation
6%
$1,920,000
6.5%
$1,770,000
7%
$1,645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,320,000
Current use
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.70M (Feb 9 2023)
Last sale anchor
$1.70M
Feb 9 2023
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
$221 / 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
$3,826
Tax year 2023
Assessed value
$16,945
Assessed 2023
Previous assessed
$16,945
+0.0% YoY
Effective rate
22.58%
On assessed value
Assessed land
$5,184
Assessed improvement
$11,761
Land market value
$86,400
Improvement market value
$724,000
Total market value
$810,400
Applied tax rate
600.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
SOLAR
Cooling
CENTRAL
Total area
7,702 SF
Lot
0.33 ac (14,375 SF)
Zoning code
OPI
APN
458-13-04-0016
UPID
US77-1705313
Jurisdiction
HORRY
Zoning & alternative use
OPI · Surfside Beach, SCZoning OPI · permitted uses
OPI · Surfside Beach, SC
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
MEDICAL BUILDING Current
Est. value
$2.3M
MEDICAL BUILDING Current
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
1992
Heating
SOLAR
Cooling
Yes
Lot
0.33 ac
Current owner
From public records · entity-resolved
Walz Capital Myrtle Beach LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1945 GLENNS BAY RD, SURFSIDE BEACH, SC 29575-4833
Ownership since
2023
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
Feb 9, 2023
$1,700,000
Walz Capital Myrtle Beach LLC
Tuscon Holdings LLC
Warranty Deed
—
Feb 11, 2010
—
Tuscon Holdings LLC
Brian K Adler
Quit Claim Deed
related
—
—
—
Tuscon Holdings LLC
—
Loan Modification
related
$850,000 · Coastal Carolina Nat'l Bk
—
—
Tuscon Holdings LLC
—
Deed Of Trust
related
$1,700,000 · Coastal Carolina 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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