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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Office buildings
2401 Hwy 17th S Byp Myrtle Beach, SC 29577
Entity Owned
8-yr Hold
Free & Clear
Property ID
US77-2041650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
CONCRETE
Total area
9,771 SF
Lot
1.21 ac (52,708 SF)
Zoning code
HC
APN
447-16-04-0004
UPID
US77-2041650
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
$2.74M
CAP Approach
CAP
$1.97M
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$2.50M
Owner & transaction history
Gateway Surfside Discovery LLC · 8 yrs held
Gateway Surfside Discovery LLC
since 2018
Last sale
$3.0M
3 recorded transactions
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+54.5%
Medical building
$2.9M
+23.4%
Apartment house (5+ units)
$2.8M
+16.3%
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
$2,560,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
$2,125,000
6.5%
$1,965,000
7%
$1,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,385,000
Current use
AUTO REPAIR, GARAGE
$3,685,000
Change: +55% · Conversion: Difficult
MEDICAL BUILDING
$2,945,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,775,000
Change: +16% · Conversion: Easy
RESTAURANT
$2,260,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $3.00M (May 23 2025)
Last sale anchor
$3.00M
May 23 2025
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
$256 / 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
$14,052
Tax year 2023
Assessed value
$63,270
Assessed 2023
Previous assessed
$63,270
+0.0% YoY
Effective rate
22.21%
On assessed value
Assessed land
$9,540
Assessed improvement
$53,730
Land market value
$159,000
Improvement market value
$895,500
Total market value
$1,054,500
Applied tax rate
600.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
YES
Total area
9,771 SF
Lot
1.21 ac (52,708 SF)
Zoning code
HC
APN
447-16-04-0004
UPID
US77-2041650
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
RESTAURANT
Est. value
$2.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.21 ac
Current owner
From public records · entity-resolved
Gateway Surfside Discovery LLC
Entity
Free & Clear · 8 yrs held
Mailing address
500 E 4TH ST #303, AUSTIN, TX 78701-3720
Ownership since
2018
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 17, 2018
$413,349
Gateway Surfside Discovery LLC
Gateway Properties LLC
Grant Deed
related
—
—
—
Gateway Properties LLC
—
Deed Of Trust
related
$31,428,000 · Bank Of America NA Bank Of America NA
—
—
Gateway Properties LLC
—
Deed Of Trust
related
$38,420,000 · Natixis R/e Cap
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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