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    Property profile & analytics

    3379 Highway 9 Little River, SC 29566

    • Strip malls
    • 53,270 SF
    • 5.80 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2101520
    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

    • Primo Water Exchange / Bottled Water Supplier
    • Western Union / Money Transfer Service
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 3379 Highway 9

    Year built
    1991
    Construction
    CONCRETE
    Lot size
    5.80 lot acres
    Property size
    53,270 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    313-07-04-0055
    APU
    31307040055

    Description

    Waterway Plaza, located in the thriving Little River area of Horry County, South Carolina, offers a unique retail opportunity. This multi-tenant property boasts a total of 49,750 square feet, with one space currently available, ranging in size from 1 to 29,000 square feet. Situated on the Grand Strand, a 60-mile stretch of the Atlantic coast, Waterway Plaza benefits from consistently pleasant weather and a strong tourism base, particularly attracting golfers with access to over 100 championship courses nearby. The addition of Planet Fitness as a tenant will significantly increase foot traffic, complementing the existing loyal customer base, evidenced by an impressive 3.6 visit frequency. This presents a compelling investment opportunity for businesses seeking high visibility and a strong customer presence in a vibrant coastal community. The property's location within Little River ensures access to a substantial and consistent customer base, making it an ideal location for a variety of retail ventures. The flexible space options allow for businesses of various sizes to find a suitable fit within Waterway Plaza. This is a chance to establish a presence in a thriving retail environment with significant growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,440,000
      Market price range: $4.76M - $11.6M
      AI Estimate
      $6,105,000
      Market price range: $2.89M - $9.37M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $7,125,000
      Current use
      RETAIL STORES
      $9,885,000
      Change: +39% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Little River
    County
    Horry
    State
    South Carolina
    Longitude
    -78.673
    Latitude
    33.8731
    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
    $54,302
    $70,035
    $164,455
    $234,490
    -
    $2,030,000
    $3,914,100
    $5,944,100

    Comparable in this City

    • Value Estimation
      $625,000
      5,208 SF

      3357 Hwy 9th E

      SHOPPING CENTER, STRIP CENTER • 5,208 SF
      3357 Hwy 9th E, Little River, SC 29566-7826
      View Details
    • Value Estimation
      $500,000
      3,500 SF

      4208 Commerce St

      SHOPPING CENTER, STRIP CENTER • 3,500 SF
      4208 Commerce St, Little River, SC 29566-7877
      View Details
    • Value Estimation
      $640,000
      8,500 SF

      179 Hwy 57th S

      SHOPPING CENTER, STRIP CENTER • 8,500 SF
      179 Hwy 57th S, Little River, SC 29566
      View Details
    • Value Estimation
      $1,170,000
      13,620 SF

      Hwy 90

      SHOPPING CENTER, STRIP CENTER • 13,620 SF
      Hwy 90, Little River, SC 29566
      View Details
    • Value Estimation
      $515,000
      6,937 SF

      4336 Sea Mtn Hwy

      SHOPPING CENTER, STRIP CENTER • 6,937 SF
      4336 Sea Mtn Hwy, Little River, SC 29566-6830
      View Details
    • Value Estimation by Request
      3,731 SF

      1371 Hwy 17

      SHOPPING CENTER, STRIP CENTER • 3,731 SF
      1371 Hwy 17, Little River, SC 29566
      View Details

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      Commercial Lot in Little River

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    Similar Nearby for Lease

    • $1,913 /Mo
      1,148 SF

      Retail Center Renovation in Little River

      Retail and office spaces available in renovated Little River center.
      4390 Spa Dr, Little River, SC 29566
      View Details
    • $3,333 /Mo
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      Retail Space in Little River

      Retail space available in high-traffic Little River shopping center.
      4390 Spa Dr, Little River, SC 29566
      View Details
    • $3,333 /Mo
      2,000 SF

      Retail Space in Little River

      Retail space available in high-traffic Little River location.
      4390 Spa Dr, Little River, SC 29566
      View Details
    • Contact for pricing
      49,750 SF

      Waterway Plaza Retail Space Available

      Prime Little River Retail, High Traffic
      3379 Highway 9, Little River, SC 29566
      View Details
    • Contact for pricing
      170,327 SF

      Little River Medical & Commercial Space

      Prime SC Location, Multiple Tenants
      9 & Water Grande Blvd, Little River, SC 29566
      View Details
    • $1,931 /Mo
      1,159 SF

      Retail Space in Little River

      Retail space available in high-traffic Little River location.
      4390 Spa Dr, Little River, SC 29566
      View Details
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    3379 Highway 9
    Little River, SC 29566
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    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
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