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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Medical Office Space
3013 Newcastle Loop Myrtle Beach, SC 29588-4502
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US77-1727024
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
CONCRETE
Total area
4,756 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PUD
APN
458-04-04-0006
UPID
US77-1727024
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
-
John M. Mills, OD Physician
-
Mills Vision Care, Inc. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.10M
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$930k
Owner & transaction history
J & J Land Hldgs LLC · 7 yrs held
J & J Land Hldgs LLC
since 2018
7 recorded transactions
Zoning & alternative use
PUD · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ct Conservation LM Light Manufacturing District Industrial C-6 Urban Village District Mixed-use MP Medical/Professional District Commercial MU-M Mixed Use, Medium Density Mixed-use MU-H Mixed Use, High Density Mixed-use PUD Planned Unit Development Other PRC Parks, Recreation and Conservation District Conservation RDZ Redevelopment District Zone Floating WM…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
5,329.29 ac
Source
code of ordinances
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%
$1,185,000
6.5%
$1,095,000
7%
$1,015,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,435,000
Current use
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$196 / 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
Assessed value
$52,365
Assessed 2023
Assessed land
$5,625
Assessed improvement
$46,740
Land market value
$93,750
Improvement market value
$779,000
Total market value
$872,750
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Construction
CONCRETE
Heating
NONE
Total area
4,756 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PUD
APN
458-04-04-0006
UPID
US77-1727024
Jurisdiction
HORRY
Zoning & alternative use
PUD · Myrtle Beach, SCZoning PUD · permitted uses
PUD · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ct Conservation LM Light Manufacturing District Industrial C-6 Urban Village District Mixed-use MP Medical/Professional District Commercial MU-M Mixed Use, Medium Density Mixed-use MU-H Mixed Use, High Density Mixed-use PUD Planned Unit Development Other PRC Parks, Recreation and Conservation District Conservation RDZ Redevelopment District Zone Floating WM Wholesale/Manufacturing District Industrial 1402.A C-6 Urban Village District. The
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
5,329.29 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
MEDICAL BUILDING Current
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
Construction
CONCRETE
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
J & J Land Hldgs LLC
Entity
Mailing address
4343 CROSS CUT TRL, MYRTLE BEACH, SC 29579-6904
Ownership since
2018
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
Aug 3, 2018
—
J & J Land Hldgs LLC
John Mills
Warranty Deed
related
$754,000 · Coastal Carolina Nat'l Bk
Jan 9, 2017
$69,900
John Mills
Rearden LLC
Warranty Deed
$104,850 · Coastal Carolina Nat'l Bk
Sep 27, 2012
$59,300
Rearden LLC
First Fedl Bk
Grant Deed
$59,300 · Conway Nat'l Bk
Sep 27, 2012
—
First Fedl Bk
Plantation Fedl Bk
Grant Deed
related
—
Feb 23, 2009
—
Sunnyside Oaks LLC
Founders Group LLC
Quit Claim Deed
related
—
Dec 17, 2003
$150,000
Founders Grp LLC
—
Grant Deed
related
—
—
—
Founders Group LLC
—
Deed Of Trust
related
$675,000 · Plantation Fed'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.
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