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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Warehouses
2309 Acie Ave Conway, SC 29527-3101
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-1945541
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
CONCRETE
Total area
9,612 SF
Lot
2.81 ac (122,404 SF)
Zoning code
R2
APN
337-11-03-0014
UPID
US77-1945541
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.31M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$1.97M
Owner & transaction history
Larry E Scott · 5 yrs held
Larry E Scott
since 2021
2 recorded transactions
Zoning & alternative use
R2 · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the R-2 District is to provide areas for medium density attached, detached, semi-attached and multifamily residential development in the City of Conway, and to prohibit uses that would substantially interfere with the development or continuation of residential structures in the District.
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
1,074.78 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.3M
+59.4%
Auto repair, garage
$3.0M
+48.5%
Medical building
$2.9M
+41.5%
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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%
$2,495,000
6.5%
$2,305,000
7%
$2,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,045,000
Current use
COMMERCIAL (GENERAL)
$3,260,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,040,000
Change: +49% · Conversion: Easy
MEDICAL BUILDING
$2,895,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$1,880,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$204 / 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
$8,522
Tax year 2023
Assessed value
$31,334
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$4,879
Assessed improvement
$26,455
Land market value
$157,140
Improvement market value
$630,700
Total market value
$787,840
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
9,612 SF
Lot
2.81 ac (122,404 SF)
Zoning code
R2
APN
337-11-03-0014
UPID
US77-1945541
Jurisdiction
HORRY
Zoning & alternative use
R2 · Conway, SCZoning R2 · permitted uses
R2 · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the R-2 District is to provide areas for medium density attached, detached, semi-attached and multifamily residential development in the City of Conway, and to prohibit uses that would substantially interfere with the development or continuation of residential structures in the District.
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
1,074.78 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.9M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
Lot
2.81 ac
Current owner
From public records · entity-resolved
Larry E Scott
Individual
Mailing address
426 CV VW PT, COLUMBIA, SC 29212-8402
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2021
—
Larry E Scott
—
Deed
related
$950,000 · Newtek Small Business Finance
—
—
Larry E Scott JR.
—
Deed Of Trust
related
$249,000 · Anderson Brothers 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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