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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Medical Office Space
3017 Newcastle Loop Myrtle Beach, SC 29588-4502
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US77-1698083
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
CONCRETE
Total area
2,597 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PUD
APN
458-04-04-0005
UPID
US77-1698083
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
-
Robert D Lazaroff DDS Dental Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Tjjrt LLC · 15 yrs held
Tjjrt LLC
since 2011
5 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
$415,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$555,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$780,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$219 / 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
$30,399
Assessed 2023
Assessed land
$5,625
Assessed improvement
$24,774
Land market value
$93,750
Improvement market value
$412,900
Total market value
$506,650
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
Year built
2011
Construction
CONCRETE
Heating
NONE
Total area
2,597 SF
Lot
0.57 ac (24,829 SF)
Zoning code
PUD
APN
458-04-04-0005
UPID
US77-1698083
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
$780,000
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
Year built
2011
Construction
CONCRETE
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Tjjrt LLC
Entity
Mailing address
3017 NEWCASTLE LOOP, MYRTLE BEACH, SC 29588-4502
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2011
$130,000
Tjjrt LLC
Plantation Fedl Bk
Grant Deed
$97,500 · Conway Nat'l Bk
Feb 23, 2009
—
Sunnyside Oaks LLC
Founders Group LLC
Quit Claim Deed
related
—
Dec 17, 2003
$150,000
Founders Grp LLC
—
Grant Deed
related
—
—
—
Tjjrt LLC
—
Deed Of Trust
related
$369,000 · Td Bk NA
—
—
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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