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Property profile & analytics
OFF-MARKET
Estimated value
$9,305,000
Warehouses
3104 Airport Blvd North Myrtle Beach, SC 29582-4724
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1771258
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1985
Construction
CONCRETE
Total area
16,014 SF
Lot
0.62 ac (27,007 SF)
Zoning code
LI
APN
358-13-01-0033
UPID
US77-1771258
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
$12.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.31M
Owner & transaction history
Airport Myrtle Beach Storage LLC · 3 yrs held
Airport Myrtle Beach Storage LLC
since 2022
Last sale
$11.1M
4 recorded transactions
Zoning & alternative use
LI · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.6M
+125.6%
Commercial (general)
$6.2M
+111.3%
Retail stores
$5.9M
+100.9%
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
$12,025,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$6,610,000
Change: +126% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,190,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$5,890,000
Change: +101% · Conversion: Moderate
RESTAURANT
$5,620,000
Change: +92% · Conversion: Difficult
Blend value · Realmo final
$9.31M
Range $8.37M – $10.24M · ±10% · vs last sale $11.13M (Oct 3 2022)
Last sale anchor
$11.13M
Oct 3 2022
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
$581 / 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
$22,029
Tax year 2023
Assessed value
$26,360
Assessed 2023
Previous assessed
$26,360
+0.0% YoY
Effective rate
83.57%
On assessed value
Assessed land
$10,661
Assessed improvement
$15,699
Land market value
$270,070
Improvement market value
$420,900
Total market value
$690,970
Applied tax rate
550.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
HOT WATER
Total area
16,014 SF
Lot
0.62 ac (27,007 SF)
Zoning code
LI
APN
358-13-01-0033
UPID
US77-1771258
Jurisdiction
HORRY
Zoning & alternative use
LI · North Myrtle Beach, SC
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.2M
RETAIL STORES
Est. value
$5.9M
RESTAURANT
Est. value
$5.6M
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
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
1985
Construction
CONCRETE
Heating
HOT WATER
Lot
0.62 ac
Current owner
From public records · entity-resolved
Airport Myrtle Beach Storage LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3200 AIRPORT BLVD, NORTH MYRTLE BEACH, SC 29582-4758
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2022
$11,130,397
Airport Myrtle Beach Storage LLC
Terminal Se Storage LLC
Warranty Deed
—
Aug 24, 2021
$7,000,000
Terminal Se Storage LLC
Harry A Karetas
Warranty Deed
—
Aug 10, 2016
—
Harry A Karetas
—
Grant Deed
related
$3,361,914 · First Palmetto Bk
May 16, 2008
—
Karetas,harry A
—
Grant Deed
related
$6,400,000 · First Palmetto Svgs Bk Fsb
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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