Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    328 Azalea Dr Myrtle Beach, SC 29575

    • Retail space
    • 4,100 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1739845
    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

    • Retail space

    Property Details for 328 Azalea Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    0.38 lot acres
    Property size
    4,100 SF
    Zone code
    HC
    Property type
    Retail space
    APN
    459-16-03-0039
    APU
    45916030039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9808
    Latitude
    33.6158
    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
    $4,114
    $5,693
    $12,293
    $17,986
    -
    $99,000
    $304,300
    $403,300

    Comparable in this City

    • Value Estimation by Request
      999 SF

      17 Hwy 17th S

      RETAIL STORES (PERSONAL SERVICES) • 999 SF
      17 Hwy 17th S, Myrtle Beach, SC 29575-6094
      View Details
    • Value Estimation by Request
      1,120 SF

      17 Hwy 17th S

      RETAIL STORES (PERSONAL SERVICES) • 1,120 SF
      17 Hwy 17th S, Myrtle Beach, SC 29575-6094
      View Details
    • Value Estimation by Request
      1,438 SF

      4806 Highway 17

      Automotive properties • 1,438 SF
      4806 Highway 17, Myrtle Beach, SC 29575
      View Details
    • Value Estimation by Request
      1,440 SF

      17 Hwy 17th S

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      17 Hwy 17th S, Myrtle Beach, SC 29575-6094
      View Details
    • Value Estimation
      $800,000
      3,600 SF

      1123 Dick Pond Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      1123 Dick Pond Rd, Surfside Beach, SC 29575-5504
      View Details
    • Value Estimation by Request
      1,825 SF

      1212 Hwy 17th S

      RETAIL STORES (PERSONAL SERVICES) • 1,825 SF
      1212 Hwy 17th S, Surfside Beach, SC 29575-6045
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4,510 SF

      Surfside Beach Commercial Property

      High-traffic location, multi-tenant retail building.
      2014 Business, Surfside Beach, SC 29575
      View Details
    • $3,289,303
      10,100 SF

      Surfside Beach Preschool Investment Property

      NNN Cadence Academy Preschool with favorable annual rent escalators.
      2401 Discovery Ln, Myrtle Beach, SC 29575
      View Details
    • $1,200,000
      Pending

      Retail Property in Surfside Beach

      Retail property in high-traffic area near vacation rentals and residences.
      2014 Business St, Myrtle Beach, SC 29575
      View Details
    • $1,200,000
      Pending

      Surfside Beach Retail Redevelopment Opportunity

      9,000 SF building on 1.52 acres for redevelopment.
      910 Highway 17 South, Surfside Beach, SC 29575
      View Details
    • $85,000
      1.00 Acre

      Surfside Beach Bistro - Turnkey Sale

      Beachfront Bistro, Fully Equipped, $85,000
      818 Surfside Dr, Surfside Beach, SC 29575
      View Details
    • $1,490,000
      Pending

      Versatile Retail Space, Myrtle Beach

      12,000 sq ft commercial building on 0.94-acre lot.
      4831 South Kings Hwy, Myrtle Beach, SC 29575
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      Pending

      Surfside Beach Retail Space Available

      Retail space with high visibility and recent upgrades for lease.
      1514 Business St, Myrtle Beach, SC 29575
      View Details
    • Contact for pricing
      315,190 SF

      SayeBrook Town Center Outparcel

      Prime Myrtle Beach Retail Opportunity
      544 Myrtle Bch, Myrtle Beach, SC 29575
      View Details
    • $23 SF/Yr
      127,195 SF

      Myrtle Beach Commercial Land Opportunity

      Prime Retail Land, Highway 544 & 17
      17 Business St, Myrtle Beach, SC 29575
      View Details
    • $21 SF/Yr
      4,135 SF

      Myrtle Beach Mixed-Use Office Space

      Office space in vibrant Myrtle Beach district with live-work-play lifestyle.
      1101 Johnson Ave, Myrtle Beach, SC 29575
      View Details
    • $104,900
      1,040 SF

      Updated Office Space in Surfside

      Recently updated second-floor office space available for rent or sale.
      1504-1508 Azalea Dr, Myrtle Beach, SC 29575
      View Details
    • $1,395 /Mo
      1,088 SF

      Surfside Beach Two Bedroom Townhome

      Two-bedroom townhome near the beach, shopping, dining, and entertainment.
      401 Garden Dr, Myrtle Beach, SC 29575
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    328 Azalea Dr
    Myrtle Beach, SC 29575
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.