Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
209 Ronnie Ct Myrtle Beach, SC 29579-4136
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2044510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
CONCRETE
Total area
4,200 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HC
APN
399-11-03-0012
UPID
US77-2044510
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
-
Teague Meredith DVM Veterinary Clinic
-
Kristick Kevin DVM Veterinary Clinic
-
Dr. Nikole Gainey Veterinary Clinic
-
NAC Logistics Shipping Company Freight Service
-
Howard David J DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$735k
Blend (final)
Blend
$695k
Owner & transaction history
Caprabase LLC · 4 yrs held
Caprabase LLC
since 2022
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
HC · 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 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
$770,000
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$960,000
Current use
RETAIL STORES
$855,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $545k (Mar 9 2022)
Last sale anchor
$545k
Mar 9 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
$165 / 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
$7,215
Tax year 2023
Assessed value
$21,664
Assessed 2023
Previous assessed
$21,664
+0.0% YoY
Effective rate
33.30%
On assessed value
Assessed land
$6,142
Assessed improvement
$15,522
Land market value
$102,370
Improvement market value
$348,700
Total market value
$451,070
Applied tax rate
100.0000
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
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
4,200 SF
Lot
0.47 ac (20,473 SF)
Zoning code
HC
APN
399-11-03-0012
UPID
US77-2044510
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
$960,000
RETAIL STORES
Est. value
$855,000
OFFICE BUILDING Current
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
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.47 ac
Current owner
From public records · entity-resolved
Caprabase LLC
Entity
Mailing address
209 RONNIE CT, MYRTLE BEACH, SC 29579-4136
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
—
Caprabase LLC
—
Deed
related
$229,000 · Provident Business Financial Services
Mar 9, 2022
$545,000
Caprabase LLC
Psp LLC
Warranty Deed
$275,500 · South Atlantic Bank
Mar 2, 2017
—
Psp LLC
—
Deed
related
$920,000 · South Atlantic Bk
Jul 21, 2015
—
Psp LLC
1200 Carolina Forest LLC
Quit Claim Deed
related
—
Mar 5, 2015
—
Psp LLC
—
Deed Of Trust
related
$96,000 · South Atlantic Bk
Nov 7, 2014
$257,500
Psp LLC
1200 Carolina Forest LLC
Warranty Deed
$260,000 · South Atlantic Bk
Aug 11, 2004
$281,942
1200 Carolina Forest LLC
Kcrv1 LLC
Grant Deed
—
May 13, 2004
$133,000
5crv1 LLC
Ip Realty Corp
Grant Deed
—
—
—
Psp LLC
—
Deed Of Trust
related
$920,000 · South Atlantic 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 209 Ronnie Ct?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
