Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,320,000
Office buildings
2451 Hwy 501 Conway, SC 29526-9508
Individually Owned
1-yr Hold
Free & Clear
Property ID
US77-1649442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
32,025 SF
Lot
7.93 ac (345,431 SF)
Zoning code
HC
APN
383-11-03-0004
UPID
US77-1649442
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
$9.32M
CAP Approach
CAP
$6.44M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$9.32M
Owner & transaction history
Horry Georgetown Technical College · 1 yrs held
Horry Georgetown Technical College
since 2024
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
HC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.2M
+177.3%
Restaurant
$11.2M
+135.8%
Auto repair, garage
$10.1M
+112.4%
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
$9,320,000
ML approach
$9,320,000
CAP Approach
CAP Return
Estimation
6%
$6,970,000
6.5%
$6,435,000
7%
$5,975,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,220,000
Change: +177% · Conversion: Easy
RESTAURANT
$11,240,000
Change: +136% · Conversion: Moderate
AUTO REPAIR, GARAGE
$10,125,000
Change: +112% · Conversion: Difficult
MEDICAL BUILDING
$9,650,000
Change: +102% · Conversion: Easy
WAREHOUSE, STORAGE
$6,815,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$6,035,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$9.32M
Range $8.39M – $10.25M · ±10% · vs last sale $9.32M (Dec 20 2024)
Last sale anchor
$9.32M
Dec 20 2024
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
$291 / 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
$63,648
Tax year 2023
Assessed value
$233,999
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$117,155
Assessed improvement
$116,844
Land market value
$1,952,580
Improvement market value
$1,947,400
Total market value
$3,899,980
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
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
Heating
SOLAR
Cooling
CENTRAL
Total area
32,025 SF
Lot
7.93 ac (345,431 SF)
Zoning code
HC
APN
383-11-03-0004
UPID
US77-1649442
Jurisdiction
HORRY
Zoning & alternative use
HC · Conway, SC
Zoning HC · permitted uses
HC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.2M
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.1M
MEDICAL BUILDING
Est. value
$9.7M
WAREHOUSE, STORAGE
Est. value
$6.8M
RETAIL STORES
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1997
Heating
SOLAR
Cooling
Yes
Lot
7.93 ac
Current owner
From public records · entity-resolved
Horry Georgetown Technical College
Individual
Free & Clear · 1 yrs held
Mailing address
2469 E HWY 501, CONWAY, SC 29526-9508
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2024
$9,320,000
Horry Georgetown Technical College
Ekklesia Christian Church
Warranty Deed
—
May 4, 2023
—
Ekklesia Christian Church
—
Deed
related
$10,900,000 · Solomon Foundation
Dec 23, 2020
$3,900,000
Ekklesia Christian Ch
Grandex II LLC
Warranty Deed
—
Jan 3, 2020
—
Grandex II LLC
Winyah Coml LLC
Warranty Deed
related
—
Oct 22, 2009
—
Winyah Commercial LLC
—
Deed Of Trust
related
$700,000 · Conway Nat'l Bk
May 28, 2004
$2,084,000
Sgv Commercial LLC
Rice Commercial LLC
Grant Deed
—
May 14, 2003
$2,250,000
Rice Commercial LLC
—
Grant Deed
related
—
—
—
Winyah Commercial LLC
—
Deed Of Trust
related
$785,000 · Conway Nat'l 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.
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?”
You own 2451 Hwy 501?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
