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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Medical Office Space
2105 Cromley Cir Myrtle Beach, SC 29577-3168
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1857560
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
5,514 SF
Lot
0.55 ac (23,958 SF)
Zoning code
AC1
APN
424-09-02-0004
UPID
US77-1857560
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
-
First Palmetto Insurance Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
The Couples and Family Counseling & Wellness Center Medical Clinic
-
IHT Staffing Employment Agency
-
Visiting Angels Home Health Care Service Assisted Living Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$683k
Blend (final)
Blend
$955k
Owner & transaction history
Wivern Rental Sc LLC · 2 yrs held
Wivern Rental Sc LLC
since 2024
3 recorded transactions
Zoning & alternative use
AC1 · Myrtle Beach, SC
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,565,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$1,345,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±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
$173 / 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
$10,428
Tax year 2023
Assessed value
$38,174
Assessed 2023
Previous assessed
$38,174
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$14,451
Assessed improvement
$23,723
Land market value
$240,850
Improvement market value
$553,600
Total market value
$794,450
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Heating
SOLAR
Cooling
CENTRAL
Total area
5,514 SF
Lot
0.55 ac (23,958 SF)
Zoning code
AC1
APN
424-09-02-0004
UPID
US77-1857560
Jurisdiction
HORRY
Zoning & alternative use
AC1 · Myrtle Beach, SCZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1997
Heating
SOLAR
Cooling
Yes
Lot
0.55 ac
Current owner
From public records · entity-resolved
Wivern Rental Sc LLC
Entity
Mailing address
2105 CROMLEY CIR, MYRTLE BEACH, SC 29577-3168
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
—
Wivern Rental Sc LLC
Scott John Willis Revocable Trust
Warranty Deed
$625,000 · United Bank
Feb 6, 2024
—
Scott John Willis Revocable Trust
Scott J Willis
Warranty Deed
—
Mar 10, 2016
—
Scott J Willis
—
Grant Deed
related
$5,415,900 · Crescom 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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