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Property profile & analytics
OFF-MARKET
Estimated value
$11,610,000
Amusement parks
203 22nd N Ave, North Myrtle Beach, SC 29582
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US77-1710249
Property profile
Verified
Property type
Amusement parks
Use group
ARCADES (AMUSEMENT)
Year built
2008
Total area
165,080 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-4
APN
355-01-02-0188
UPID
US77-1710249
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.61M
Owner & transaction history
Towers On The Grove South LLC · 19 yrs held
Towers On The Grove South LLC
since 2007
1 recorded transaction
Zoning & alternative use
R-4 · North Myrtle 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$70 / 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
Assessed value
$12
Assessed 2023
Previous assessed
$12
+0.0% YoY
Assessed land
$6
Assessed improvement
$6
Land market value
$100
Improvement market value
$100
Total market value
$200
Applied tax rate
999.0000
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
Amusement parks
Use group
ARCADES (AMUSEMENT)
Status
Off-Market
Year built
2008
Heating
SOLAR
Cooling
CENTRAL
Total area
165,080 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-4
APN
355-01-02-0188
UPID
US77-1710249
Jurisdiction
HORRY
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Heating
SOLAR
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Towers On The Grove South LLC
Entity
Mailing address
1301 2ND AVE1C08, CONWAY, SC 29526-5209
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2007
$12,200,000
Towers On The Grove South LLC
Smith Investment INC
Grant Deed
$62,000,000 · Resort Funding LLC
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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