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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Grocery and convenience stores
3046 Nichols Hwy Galivants Ferry, SC 29544-6062
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-1959446
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1987
Total area
2,500 SF
Lot
0.7 ac (30,492 SF)
Zoning code
RZ
APN
204-06-01-0008
UPID
US77-1959446
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
$635k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$670k
Owner & transaction history
Ikart LLC · 5 yrs held
Ikart LLC
since 2021
Last sale
$715,000
4 recorded transactions
Zoning & alternative use
RZ · Galivants Ferry, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+189.1%
Auto repair, garage
$790,000
+136.4%
Medical building
$755,000
+125.3%
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 Galivants Ferry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Galivants Ferry 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%
$685,000
6.5%
$635,000
7%
$590,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Change: +189% · Conversion: Easy
AUTO REPAIR, GARAGE
$790,000
Change: +136% · Conversion: Difficult
MEDICAL BUILDING
$755,000
Change: +125% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: +68% · Conversion: Moderate
RETAIL STORES
$465,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$455,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $715k (Jul 1 2021)
Last sale anchor
$715k
Jul 1 2021
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
$268 / 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
$9,334
Tax year 2023
Assessed value
$5,079
Assessed 2023
Effective rate
183.78%
On assessed value
Assessed land
$1,111
Assessed improvement
$3,968
Land market value
$24,500
Improvement market value
$133,000
Total market value
$157,500
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
CONVENIENCE STORE
Status
Off-Market
Year built
1987
Heating
SOLAR
Cooling
CENTRAL
Total area
2,500 SF
Lot
0.7 ac (30,492 SF)
Zoning code
RZ
APN
204-06-01-0008
UPID
US77-1959446
Jurisdiction
HORRY
Zoning & alternative use
RZ · Galivants Ferry, SC
Zoning RZ · permitted uses
RZ · Galivants Ferry, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Galivants Ferry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$790,000
MEDICAL BUILDING
Est. value
$755,000
OFFICE BUILDING
Est. value
$560,000
RETAIL STORES
Est. value
$465,000
WAREHOUSE, STORAGE
Est. value
$455,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1987
Heating
SOLAR
Cooling
Yes
Lot
0.7 ac
Current owner
From public records · entity-resolved
Ikart LLC
Entity
Mailing address
12070 OCEAN HWY, PAWLEYS ISLAND, SC 29585-7088
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
$715,000
Ikart LLC
Russell L Brown
Warranty Deed
$502,500 · United Community Bank
Sep 11, 2003
$120,000
Russell L Brown
—
Grant Deed
related
—
Aug 11, 2003
—
William J Brown
—
Grant Deed
related
—
—
—
Russell L Brown
—
Deed Of Trust
related
$190,000 · Anderson Brothers 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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