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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Retail space
2908 Hwy 17th S, North Myrtle Beach, SC 29582
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1991014
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
7,944 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C1
APN
358-13-03-0048
UPID
US77-1991014
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
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$1.28M
Owner & transaction history
Backbay Grp LLC · 3 yrs held
Backbay Grp LLC
since 2022
6 recorded transactions
Zoning & alternative use
C1 · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$1,930,000
6.5%
$1,780,000
7%
$1,655,000
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$160 / 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
$13,550
Tax year 2023
Assessed value
$37,344
Assessed 2023
Effective rate
36.28%
On assessed value
Assessed land
$18,746
Assessed improvement
$18,598
Land market value
$312,430
Improvement market value
$443,800
Total market value
$756,230
Applied tax rate
590.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Heating
SOLAR
Cooling
CENTRAL
Total area
7,944 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C1
APN
358-13-03-0048
UPID
US77-1991014
Jurisdiction
HORRY
Zoning & alternative use
C1 · North Myrtle Beach, SC
Zoning C1 · permitted uses
C1 · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
SOLAR
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Backbay Grp LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 3327, PINEHURST, NC 28374-3327
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Backbay Group LLC
—
Deed
related
$500,000 · Paragon Bank
Sep 27, 2022
—
Backbay Grp LLC
Backbay Grp INC
Warranty Deed
—
Sep 24, 2015
—
Backbay Group INC
Backbay Group INC
Quit Claim Deed
related
—
Feb 13, 2006
—
Back Bay Group INC
—
Deed Of Trust
related
$234,000 · Sandhills Bk
May 15, 2001
$700,000
Back Bay Group INC
—
Grant Deed
—
—
—
Backbay Group INC
—
Deed Of Trust
related
$1,800,000 · Sandhills 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
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