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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Strip malls
2209 Hwy 17th S North Myrtle Beach, SC 29582-4253
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0678866
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Total area
7,000 SF
Lot
2.08 ac (90,605 SF)
Zoning code
HC
APN
357-16-02-0063
UPID
US77-0678866
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Shoppes 521 LLC · 3 yrs held
Shoppes 521 LLC
since 2022
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.9M
+208.7%
Commercial (general)
$2.7M
+189.1%
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,890,000
Change: +209% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,705,000
Change: +189% · Conversion: Easy
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10% · vs last sale $5.45M (Nov 8 2022)
Last sale anchor
$5.45M
Nov 8 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
$622 / 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
$75,245
Tax year 2023
Assessed value
$160,696
Assessed 2023
Effective rate
46.82%
On assessed value
Assessed land
$57,258
Assessed improvement
$103,438
Land market value
$1,161,750
Improvement market value
$2,472,800
Total market value
$3,634,550
Applied tax rate
550.0000
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
1986
Heating
SOLAR
Cooling
CENTRAL
Buildings
5
Total area
7,000 SF
Lot
2.08 ac (90,605 SF)
Zoning code
HC
APN
357-16-02-0063
UPID
US77-0678866
Jurisdiction
HORRY
Zoning & alternative use
HC · North Myrtle Beach, SC
Zoning HC · permitted uses
HC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1986
Heating
SOLAR
Cooling
Yes
Buildings
5
Lot
2.08 ac
Current owner
From public records · entity-resolved
Shoppes 521 LLC
Entity
Mailing address
PO BOX 5733, NORTH MYRTLE BEACH, SC 29597-5733
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
$5,450,000
Shoppes 521 LLC
Majestic Properties Of The Grand St
Warranty Deed
$3,450,000 · First National Bank Of Pennsylvania
Jun 8, 2021
—
Majestic Properties Of Grand S
—
Deed
related
$1,800,000 · United Community Bank
Aug 30, 2016
—
Grand Strand INC
—
Deed
related
$1,600,000 · Horry Cnty St Bk
Dec 27, 2012
$390,000
Majestic Props Of Grand Strand In
Cnty St Bk Horry
Grant Deed
—
May 31, 2011
$390,000
Majestic Props Of Grand Strand In
Cnty St Bk Horry
Warranty Deed
—
May 5, 2010
$2,500,000
Horry Cnty St Bk
Master In Equity Of Horry County
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
—
—
Majestic Props Of Grand Strand In
—
Loan Modification
related
$200,000 · Coastal Carolina Nat'l Bk
—
—
Majestic Props Of Grand Strand In
—
Deed Of Trust
related
$1,656,000 · Conway Nat'l Bk
—
—
Pawak INC
—
Deed Of Trust
related
$2,140,000 · Horry Cnty St Bk
—
—
Pawak INC
—
Deed Of Trust
related
$175,000 · Horry Cnty St Bk
—
—
Grand Strand INC
—
Deed Of Trust
related
$1,600,000 · Horry Cnty St Bk
—
—
Pawak INC
—
Deed Of Trust
related
$2,598,000 · Horry Cnty St 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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