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Property profile & analytics
OFF-MARKET
Estimated value
$9,155,000
Grocery and convenience stores
2608 Main St E Conway, SC 29526-3760
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US77-2058205
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Construction
CONCRETE
Total area
38,084 SF
Lot
6.07 ac (264,409 SF)
Zoning code
H-I
APN
325-13-01-0004
UPID
US77-2058205
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
-
Papa's Barber Shoppe Barber Shop
-
H&R Block Tax Preparation
-
Bellissimo Italian Pizzeria Restaurant
-
Friendly Nails Nail Salon
-
Physical Rehabilitation Group Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.54M
Comparable Approach
Comparable
$10.39M
Blend (final)
Blend
$9.16M
Owner & transaction history
Megalex Properties LLC
Megalex Properties LLC
1 recorded transaction
Zoning & alternative use
H-I · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.4M
+86.2%
Auto repair, garage
$12.0M
+67.7%
Medical building
$11.5M
+59.8%
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%
$9,255,000
6.5%
$8,540,000
7%
$7,930,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,180,000
Current use
RESTAURANT
$13,365,000
Change: +86% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,040,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$11,475,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,105,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$9.16M
Range $8.24M – $10.07M · ±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
$240 / 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
$58,934
Tax year 2023
Assessed value
$216,674
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$46,071
Assessed improvement
$170,603
Land market value
$2,428,000
Improvement market value
$4,018,600
Total market value
$6,446,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
38,084 SF
Lot
6.07 ac (264,409 SF)
Zoning code
H-I
APN
325-13-01-0004
UPID
US77-2058205
Jurisdiction
HORRY
Zoning & alternative use
H-I · Conway, SC
Zoning H-I · permitted uses
H-I · 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
RETAIL STORES Current
Est. value
$7.2M
RESTAURANT
Est. value
$13.4M
AUTO REPAIR, GARAGE
Est. value
$12.0M
MEDICAL BUILDING
Est. value
$11.5M
WAREHOUSE, STORAGE
Est. value
$8.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Buildings
2
Lot
6.07 ac
Current owner
From public records · entity-resolved
Megalex Properties LLC
Entity
Mailing address
907 LAKEWOOD AVE, CONWAY, SC 29526-4335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Megalex Properties LLC
—
Deed Of Trust
related
$2,250,000 · Column Fin'l
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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