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    Property profile & analytics

    2961 Church St Conway, SC 29526

    • Skating rinks
    • 12,250 SF
    • 1.00 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Jul 01, 2021
    Value Estimations
    $660,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1852632
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Skating rinks

    Property Details for 2961 Church St

    Year built
    1976
    Construction
    METAL FRAME
    Lot size
    1.00 lot acres
    Property size
    12,250 SF
    Zone code
    HC
    Property type
    Skating rinks
    APN
    337-03-01-0001
    APU
    33703010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $806,000
      Market price range: $731k - $6.66M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0955
    Latitude
    33.8628
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,011
    $18,102
    $11,892
    $29,994
    -
    $301,700
    $198,200
    $499,900

    Comparable in this City

    • Value Estimation
      $650,000
      22,125 SF

      4475 Privetts Rd

      SKATING RINK, ICE SKATING, ROLLER SKATING • 22,125 SF
      4475 Privetts Rd, Conway, SC 29526-5647
      View Details
    • Value Estimation
      $520,000
      64.96 Acres

      Wild Wing Blvd

      COUNTRY CLUB • 64.96 Acres
      Wild Wing Blvd, Conway, SC 29526
      View Details
    • Value Estimation
      $355,000
      1.69 Acres

      Conway, SC 29526

      GOLF COURSE • 1.69 Acres
      Conway, SC 29526
      View Details
    • Value Estimation by Request
      0.12 Acres

      335 Main St

      AUDITORIUM • 0.12 Acres
      335 Main St, Conway, SC 29526-5132
      View Details
    • Value Estimation
      $455,000
      219.60 Acres

      Wild Wing Blvd

      COUNTRY CLUB • 219.60 Acres
      Wild Wing Blvd, Conway, SC 29526
      View Details
    • Value Estimation
      $380,000
      2,032 SF

      1601 Main St

      RECREATIONAL, ENTERTAINMENT • 2,032 SF
      1601 Main St, Conway, SC 29526-3573
      View Details

    Similar Nearby for Sale

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      Conway Industrial Land - $626K

      4.63 Acres, Hwy 701 Frontage, LI Zoning
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    • $100,000
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      Wooded Acreage in Conway, SC

      1.89 acres of wooded land, ideal for custom home.
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    • $339,200
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      Conway Acreage Available

      Residential land for sale in Conway, South Carolina.
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    • $149,000
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      Commercial Land on Highway 90

      CFA zoned land for sale on Highway 90 corridor.
      Tbd Hwy 90, Conway, SC 29526
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    • $75,000
      1.66 Acres

      Riverfront Acreage in Conway, SC

      1.66 acre riverfront land with dock permits in place.
      2027 Lees Landing Cir, Conway, SC 29526
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    • $1,500,000

      Retail Property For Sale

      Retail property available for purchase in Conway, South Carolina.
      1402 Church St, Conway, SC 29526
      View Details

    Similar Nearby for Lease

    • $120,000
      12,000 SF

      Versatile Commercial Property in Conway

      Commercial property suitable for entertainment, event space, fitness, or retail.
      2961 Highway 501 W, Conway, SC 29526
      View Details
    • $10 SF/Yr
      12,000 SF

      Former Roller Skate Rink Available

      Former roller rink with large open area and oak floors.
      2961 Church St, Conway, SC 29526
      View Details
    • $14 SF/Yr
      6,000 SF

      Modern Warehouse Space Available

      New 6,000 SF Warehouse; Flexible Units
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      View Details
    • Contact for pricing
      1 SF

      Prime Conway Commercial Land

      ±30 acres, Hwy 501 frontage, high traffic.
      2702 Us-501, Conway, SC 29526
      View Details
    • Contact for pricing
      100,490 SF

      Prime Conway Industrial Space

      100,490 SF Class A Manufacturing/Distribution Building
      422 Commerce Park Dr, Conway, SC 29526
      View Details
    • $14 SF/Yr
      20,000 SF

      Manufacturing/Storage Space for Lease

      Manufacturing and storage space available with loading dock access.
      2951 Highway 501 E, Conway, SC 29526
      View Details
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    2961 Church St
    Conway, SC 29526
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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