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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Strip malls
2507 Forestbrook Rd Myrtle Beach, SC 29588-7982
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-0580676
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
STEEL FRAME
Total area
9,000 SF
Lot
1.95 ac (84,942 SF)
APN
427-09-04-0075
UPID
US77-0580676
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
-
Mr Pawn Discount Store (Bike/Boat/Book/etc) Store
-
Magic Scissors Beauty Salon Hair Salon
-
Cornerstone Church Church
-
Beulah Worship Center Church
-
A2Z Cleaning & Linen Services L.L.C Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$1.43M
Owner & transaction history
Transportation South Carolina Depar · 2 yrs held
Transportation South Carolina Depar
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+74.6%
Retail stores
$1.8M
+55.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,180,000
Current use
OFFICE BUILDING
$2,060,000
Change: +75% · Conversion: Moderate
RETAIL STORES
$1,830,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$158 / 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
$20,270
Tax year 2023
Assessed value
$89,193
Assessed 2023
Previous assessed
$89,193
+0.0% YoY
Effective rate
22.73%
On assessed value
Assessed land
$14,878
Assessed improvement
$74,315
Land market value
$323,430
Improvement market value
$1,838,500
Total market value
$2,161,930
Applied tax rate
630.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
9,000 SF
Lot
1.95 ac (84,942 SF)
APN
427-09-04-0075
UPID
US77-0580676
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE 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
2007
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
1.95 ac
Current owner
From public records · entity-resolved
Transportation South Carolina Depar
Individual
Free & Clear · 2 yrs held
Mailing address
2507 FORESTBROOK RD, MYRTLE BEACH, SC 29588-7982
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Transportation South Carolina Depar
Forestbrook Commons LLC
Warranty Deed
—
Mar 13, 2024
—
Transportation South Carolina Depar
Forestbrook Commons LLC
Warranty Deed
—
Feb 29, 2024
—
Transportation South Carolina Depar
Forestbrook Commons LLC
Warranty Deed
—
Mar 6, 2008
—
Forestbrook Commons LLC
—
Grant Deed
related
$1,050,000 · Crescent Bk
Jun 21, 2007
$424,000
Forestbrook Commons LLC
Hanco Of Sc INC
Warranty Deed
—
Oct 6, 2006
$410,000
Hanco Of Sc INC
Burchap Investment Co LLC
Grant Deed
—
Feb 1, 2005
$299,000
Burchap Investment Co LLC
M & J Equities LLC
Grant Deed
—
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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