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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
2103 Cromley Cir Myrtle Beach, SC 29577-3181
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1392025
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
4,836 SF
Lot
0.67 ac (29,185 SF)
Zoning code
AC1
APN
424-09-02-0005
UPID
US77-1392025
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
-
Imagination Station CDC Daycare Center
-
TOYS Academy Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$970k
Comparable Approach
Comparable
$855k
Blend (final)
Blend
$865k
Owner & transaction history
Brown Investment Holdings LLC · 4 yrs held
Brown Investment Holdings LLC
since 2021
Last sale
$655,000
6 recorded transactions
Zoning & alternative use
AC1 · 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
$1,040,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$1,050,000
6.5%
$970,000
7%
$900,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,180,000
Current use
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $655k (Nov 15 2021)
Last sale anchor
$655k
Nov 15 2021
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
$179 / 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
$33,044
Assessed 2023
Previous assessed
$33,044
+0.0% YoY
Assessed land
$17,460
Assessed improvement
$15,584
Land market value
$291,000
Improvement market value
$309,000
Total market value
$600,000
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
1984
Heating
SOLAR
Cooling
CENTRAL
Total area
4,836 SF
Lot
0.67 ac (29,185 SF)
Zoning code
AC1
APN
424-09-02-0005
UPID
US77-1392025
Jurisdiction
HORRY
Zoning & alternative use
AC1 · Myrtle Beach, SC
Zoning AC1 · permitted uses
AC1 · 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
$1.2M
OFFICE BUILDING Current
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
1984
Heating
SOLAR
Cooling
Yes
Lot
0.67 ac
Current owner
From public records · entity-resolved
Brown Investment Holdings LLC
Entity
Mailing address
4716 HWY 17TH BYP NUS, MYRTLE BEACH, SC 29577
Ownership since
2021
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
Nov 16, 2021
—
Brown Investment Holdings LLC
—
Deed
related
$491,250 · United Community Bank
Nov 15, 2021
$655,000
Brown Investment Holdings LLC
Bc Bradley 444 LLC
Warranty Deed
$491,250 · United Community Bank
Jan 5, 2015
$415,000
Bc Bradley 444 LLC
Carolina Trust FCU
Grant Deed
$700,000 · Nbsc
Aug 28, 2014
—
Carolina Trust FCU
Scott J Willis
Warranty Deed
related
—
—
—
Willis,scott J
—
Deed Of Trust
related
$578,300 · Tidelands Bk
—
—
Willis,scott J
—
Deed Of Trust
related
$600,000 · Carolina Tr FCU
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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