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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Warehouses
337 Jesse St Myrtle Beach, SC 29579-7319
Entity Owned
11-yr Hold
Free & Clear
Property ID
US77-1585790
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
9,300 SF
Lot
3 ac (130,680 SF)
Zoning code
HC
APN
426-07-02-0023
UPID
US77-1585790
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
$1.23M
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.25M
Owner & transaction history
Sst II 338 Jesse St LLC · 11 yrs held
Sst II 338 Jesse St LLC
since 2014
7 recorded transactions
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+29.1%
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%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,465,000
Current use
RETAIL STORES
$1,890,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±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
$134 / 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
$18,906
Tax year 2023
Assessed value
$78,913
Assessed 2023
Effective rate
23.96%
On assessed value
Assessed land
$15,682
Assessed improvement
$63,231
Land market value
$261,360
Improvement market value
$1,430,600
Total market value
$1,691,960
Applied tax rate
600.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Buildings
3
Total area
9,300 SF
Lot
3 ac (130,680 SF)
Zoning code
HC
APN
426-07-02-0023
UPID
US77-1585790
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Buildings
3
Lot
3 ac
Current owner
From public records · entity-resolved
Sst II 338 Jesse St LLC
Entity
Free & Clear · 11 yrs held
Mailing address
PO BOX 320099, ALEXANDRIA, VA 22320-4099
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2019
—
Sst II 338 Jesse St LLC
—
Deed
related
$104,000,000 · Keybank USA
Nov 5, 2014
$5,940,000
Sst II 338 Jesse St LLC
Flagship Properties III LLC
Grant Deed
—
Oct 11, 2012
$4,375,250
Flagship Properties III LLC
North State Storage LLC
Grant Deed
—
Mar 30, 2011
$2,925,000
North State Storage LLC
Martin Ventures Vii LLC
Grant Deed
—
Aug 6, 2004
$2,580,000
Martin Ventures Vii LLC
Casual Co Of Charleston LLC
Grant Deed
$3,150,000 · Branch Bk&tr
Dec 29, 2000
—
Casual Co Of Chas LLC
—
Deed Of Trust
related
—
—
—
Flagship Properties III LLC
—
Deed Of Trust
related
$12,800,000 · C-iii Com'l Mtg
—
—
Sst II 338 Jesse St LLC
—
Deed Of Trust
related
$104,000,000 · Keybank USA
—
—
Flagship Properties III LLC
—
Loan Modification
related
$12,800,000 · Us Bank NA #2013-c16 (ce)
—
—
Flagship Properties III LLC
—
Loan Modification
related
$12,800,000 · Us Bank NA #2013-c16 (ce)
—
—
Flagship Properties III LLC
—
Loan Modification
related
$12,800,000 · * Other Institutional Lenders
—
—
Martin Ventures Vii LLC
—
Deed Of Trust
related
$4,000,000 · Wachovia Bk
—
—
Martin Ventures Vii LLC
—
Loan Modification
related
$4,246,576 · Wachovia 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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