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Property profile & analytics
OFF-MARKET
Estimated value
$360,000
Strip malls
2156 Hwy 17bus Murrells Inlet, SC 29576-7606
Individually Owned
24-yr Hold
Free & Clear
Property ID
US77-2013312
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
CONCRETE
Total area
3,940 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
462-14-01-0005
UPID
US77-2013312
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$360k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$360k
Owner & transaction history
South Re Grand · 24 yrs held
South Re Grand
since 2002
2 recorded transactions
Zoning & alternative use
HC · Murrells Inlet, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$885,000
+67.7%
Retail stores
$730,000
+38.7%
Warehouse, storage
$720,000
+36.8%
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 Murrells Inlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrells Inlet 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
$360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$525,000
Current use
OFFICE BUILDING
$885,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$730,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$360k
Range $324k – $396k · ±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
$91 / 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
$8,509
Tax year 2023
Assessed value
$38,091
Assessed 2023
Previous assessed
$38,091
+0.0% YoY
Effective rate
22.34%
On assessed value
Assessed land
$14,086
Assessed improvement
$24,005
Land market value
$300,560
Improvement market value
$625,900
Total market value
$926,460
Applied tax rate
610.0000
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
2003
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
3,940 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HC
APN
462-14-01-0005
UPID
US77-2013312
Jurisdiction
HORRY
Zoning & alternative use
HC · Murrells Inlet, SCZoning HC · permitted uses
HC · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$885,000
RETAIL STORES
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2003
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
South Re Grand
Individual
Free & Clear · 24 yrs held
Mailing address
PO BOX 348, MURRELLS INLET, SC 29576-0348
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2002
$200,000
South Re Grand
—
Grant Deed
—
Apr 4, 2002
$282,000
Jody J Baker
—
Grant Deed
—
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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