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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Strip malls
2098 Hwy 9th E, Longs, SC 29568-8797
Entity Owned
8-yr Hold
Free & Clear
Property ID
US77-1979706
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
CONCRETE
Total area
24,000 SF
Lot
5.32 ac (231,739 SF)
Zoning code
HC
APN
304-14-02-0044
UPID
US77-1979706
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
-
North Myrtle Beach Bingo Bingo Hall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.21M
Blend (final)
Blend
$3.82M
Owner & transaction history
Carolina Food System INC · 8 yrs held
Carolina Food System INC
since 2017
6 recorded transactions
Zoning & alternative use
HC · Longs, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.4M
+68.5%
Office building
$5.4M
+67.7%
Retail stores
$4.5M
+38.7%
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 Longs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longs 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,210,000
Current use
COMMERCIAL (GENERAL)
$5,410,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$5,385,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$4,455,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±10%
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
$159 / 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
$54,491
Tax year 2023
Assessed value
$236,725
Assessed 2023
Previous assessed
$236,725
+0.0% YoY
Effective rate
23.02%
On assessed value
Assessed land
$79,950
Assessed improvement
$156,775
Land market value
$1,332,500
Improvement market value
$3,743,300
Total market value
$5,075,800
Applied tax rate
500.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
3
Total area
24,000 SF
Lot
5.32 ac (231,739 SF)
Zoning code
HC
APN
304-14-02-0044
UPID
US77-1979706
Jurisdiction
HORRY
Zoning & alternative use
HC · Longs, SC
Zoning HC · permitted uses
HC · Longs, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
OFFICE 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
2004
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
3
Lot
5.32 ac
Current owner
From public records · entity-resolved
Carolina Food System INC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 528, NORTH MYRTLE BEACH, SC 29597-0528
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2020
—
Graceland LLC
—
Deed
related
$1,512,450 · Pinnacle Bk
Jul 21, 2017
$450,000
Carolina Food System INC
Graceland LLC
Grant Deed
—
Apr 28, 2016
$450,000
Carolina Food Systems INC
Graceland LLC
Warranty Deed
$292,500 · Td Bk NA
May 4, 2006
—
Graceland LLC
—
Grant Deed
related
$2,000,000 · Beach First Nat'l Bk
Nov 20, 2003
$785,000
Graceland LLC
—
Grant Deed
related
—
—
—
Graceland LLC
—
Deed Of Trust
related
$1,512,450 · Pinnacle 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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