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Property profile & analytics
OFF-MARKET
Estimated value
$7,150,000
Office buildings
2024 Corporate Ctr Dr Myrtle Beach, SC 29577-7410
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1976376
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
CONCRETE
Total area
40,698 SF
Lot
2.82 ac (122,839 SF)
APN
424-09-01-0006
UPID
US77-1976376
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
Current use
Occupant on record · Public records
-
Prudential|Ryan Westmoreland|Life Insurance & Annuities Insurance Agency
-
Progressive Insurance - Claims Office Insurance Agency
-
Prudential| Chad Gallimore | Life Insurance & Annuities Financial Advisor
-
Prudential|Marcia Parker|Life Insurance & Financial Services Insurance Agency
-
Horace Revels - Prudential Financial Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.22M
CAP Approach
CAP
$8.18M
Comparable Approach
Comparable
$7.28M
Blend (final)
Blend
$7.15M
Owner & transaction history
Svc Grand Strand Holdings LLC · 3 yrs held
Svc Grand Strand Holdings LLC
since 2022
Last sale
$5.6M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.6M
+16.3%
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
$7,915,000
ML approach
$8,220,000
CAP Approach
CAP Return
Estimation
6%
$8,855,000
6.5%
$8,175,000
7%
$7,590,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$9,935,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,555,000
Change: +16% · Conversion: Easy
RESTAURANT
$9,415,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$7.15M
Range $6.44M – $7.87M · ±10% · vs last sale $5.61M (Nov 18 2022)
Last sale anchor
$5.61M
Nov 18 2022
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
Tax billed
$91,899
Tax year 2023
Assessed value
$282,548
Assessed 2023
Effective rate
32.53%
On assessed value
Assessed land
$56,454
Assessed improvement
$226,094
Land market value
$940,900
Improvement market value
$5,321,600
Total market value
$6,262,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
40,698 SF
Lot
2.82 ac (122,839 SF)
APN
424-09-01-0006
UPID
US77-1976376
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
OFFICE BUILDING Current
Est. value
$9.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.6M
RESTAURANT
Est. value
$9.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2003
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Svc Grand Strand Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8800 MARINA PKWY, MYRTLE BEACH, SC 29572-8101
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2022
$5,606,400
Svc Grand Strand Holdings LLC
Three Corporate Centre Land LLC
Warranty Deed
—
Dec 28, 2007
$7,199,000
Three Corporate Centre Land Ll
Three Corporate Centre LLC
Grant Deed
related
—
May 9, 2002
—
Three Corporate Centre LLC
—
Grant Deed
related
—
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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