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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office buildings
204 George Bishop Pkwy Myrtle Beach, SC 29579-7336
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2044752
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
CONCRETE
Total area
2,400 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
426-03-04-0003
UPID
US77-2044752
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
-
Coastal Rescue Mission Food Bank Charitable Organization
-
Assembleia de Deus Em Myrtle Beach - Ministério MIAMI Church Mosque
-
Knot Two Shabby Hair Salon
-
Posh Parties Event Planning
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$812k
Blend (final)
Blend
$750k
Owner & transaction history
Gbs2 LLC · 4 yrs held
Gbs2 LLC
since 2022
Last sale
$730,000
5 recorded transactions
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+125.2%
Auto repair, garage
$905,000
+64.8%
Medical building
$725,000
+31.6%
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
$1,030,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$550,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$725,000
Change: +32% · Conversion: Easy
RETAIL STORES
$490,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $730k (Feb 10 2022)
Last sale anchor
$730k
Feb 10 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
$313 / 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
$8,657
Tax year 2023
Assessed value
$25,773
Assessed 2023
Previous assessed
$25,773
+0.0% YoY
Effective rate
33.59%
On assessed value
Assessed land
$7,213
Assessed improvement
$18,560
Land market value
$120,220
Improvement market value
$415,300
Total market value
$535,520
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
2,400 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
426-03-04-0003
UPID
US77-2044752
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · 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
OFFICE BUILDING Current
Est. value
$550,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$905,000
MEDICAL BUILDING
Est. value
$725,000
RETAIL STORES
Est. value
$490,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1983
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Gbs2 LLC
Entity
Mailing address
PO BOX 261, NEW ROCHELLE, NY 10804-0261
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$730,000
Gbs2 LLC
Ole Home LLC
Warranty Deed
$584,000 · Anderson Brothers Bank
Jan 2, 2014
—
Ole Home LLC
Bush Drive LLC
Grant Deed
related
$1,105,752 · Vista Bk
Jun 5, 2009
—
Bush Drive LLC
—
Trustees Deed
related
$758,000 · Vista Bk
Apr 1, 2005
$485,000
Bush Drive LLC
Bayview INC
Warranty Deed
$481,000 · Crescent Bk
—
—
Bush Drive LLC
—
Loan Modification
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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