Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

2408 Madison Dr North Myrtle Beach, SC 29582

FOR SALE
Office buildings
Property ID
US77-1093382
3,224 SF 0.18 ac lot Built 1996
Last sale Oct 2017 · $325,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This exceptional commercial property in North Myrtle Beach, South Carolina, offers a unique blend of office space and land. Located at 2408 Madison Dr., 29582, this 3,200 square foot building sits on a 0.18-acre lot and is zoned HC. The property features three suites, with 800 square feet currently vacant, presenting an immediate opportunity for expansion or new tenancy. Two of the existing suites are located on the second floor and boast two large offices, a waiting area, and a half bath. …

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$18k
Assessed land$6k
Assessed improvement$12k
Effective rate22.93%

Value estimate

· Oct 2026
$435k
$392k – $479k
AI approach$435k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$9k
Operating expenses−$13k
NOI · 8.77% cap applied$39k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 200 recorded sales of this use type
Observed band · Q1–Q3$136 – $334
Qualifying comparables3

Cap rate analysis

How does the asset earn?
8.77%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
HC
Sec. 23-26. - HC Highway Commercial District. (1) Purpose: The purpose of this district is to provide commercial opportunities to the tra...
General categoryCOMMERCIAL
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office9.3
Electrical Service9.1
Locksmith8.7

Location

2408 Madison Dr North Myrtle Beach, SC 29582
County assessor Recorded deeds · 8 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
614 6th S, North Myrtle Beach, SC 29582 $147,000 Jun 2023 2,496 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved