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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Drive through restaurants
2302 Kings Hwy Myrtle Beach, SC 29577-3041
Trust Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1735189
Property summary
AI-generated overview
This exceptional 3,070 square foot drive-thru restaurant is located at 2302 N Kings Hwy, Myrtle Beach, SC 29577, near 23rd Avenue N. The single-tenant property sits on a 0.52-acre lot and offers 27 parking spaces, catering to both dine-in and drive-thru customers. Currently configured for fast food service, the restaurant boasts a modern kitchen, ample storage, and a comfortable dining area, all designed to maximize efficiency and customer flow. Its prime location on a busy thoroughfare in Myrtle Beach, a city with over 35,000 residents and 19 million annual visitors, ensures high visibility and significant foot and vehicle traffic. This presents a unique opportunity for a thriving food service business to capitalize on Myrtle Beach's robust tourism and economic growth. The property's estimated annual taxes are $15,545, with insurance estimated at $3,000-$4,000 per year. This turnkey operation is ready for immediate occupancy and offers a strong return on investment for the right operator. Don't miss this chance to establish your business in a high-demand location within a bustling tourist destination.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2005
Construction
CONCRETE
Total area
3,070 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-2
APN
424-10-03-0005
UPID
US77-1735189
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
-
Subway Take-out & Catering Catering Service
-
Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$539k
Blend (final)
Blend
$505k
Owner & transaction history
Broadhurst,james L Family Trust · 14 yrs held
Broadhurst,james L Family Trust
since 2011
4 recorded transactions
Zoning & alternative use
C-2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$750,000
+5.5%
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
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$710,000
Current use
OFFICE BUILDING
$750,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$164 / 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
$15,545
Tax year 2023
Assessed value
$56,905
Assessed 2023
Previous assessed
$56,905
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$23,288
Assessed improvement
$33,617
Land market value
$450,000
Improvement market value
$790,500
Total market value
$1,240,500
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
3,070 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-2
APN
424-10-03-0005
UPID
US77-1735189
Jurisdiction
HORRY
Zoning & alternative use
C-2 · Myrtle Beach, SCZoning C-2 · permitted uses
C-2 · 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
RESTAURANT Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$750,000
RESTAURANT Current
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
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Broadhurst,james L Family Trust
Trust
Free & Clear · 14 yrs held
Mailing address
4706 CAMELLIA DR, MYRTLE BEACH, SC 29577-2408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2013
—
Broadhurst,james L Family Trust
—
Deed Of Trust
related
$1,786,000 · Horry Cnty St Bk
Dec 22, 2011
—
Broadhurst,james L Family Trust
James L Broadhurst
Quit Claim Deed
related
—
Oct 19, 2010
—
Broadhurst,james L & Rachel B
—
Grant Deed
related
$1,212,800 · Horry Cnty St Bk
Mar 10, 2005
—
Rd Management LLC
James L Broadhurst
Grant Deed
related
—
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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