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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Strip malls
3540 Northgate Dr Myrtle Beach, SC 29588-6182
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1971615
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
CONCRETE
Total area
42,280 SF
Lot
5.17 ac (225,205 SF)
Zoning code
C2
APN
441-06-03-0037
UPID
US77-1971615
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
$4.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$3.88M
Owner & transaction history
Northgate Holding LLC · 2 yrs held
Northgate Holding LLC
since 2023
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
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
$4,235,000
ML approach
$4,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$5,545,000
Current use
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $3.40M (Sep 5 2023)
Last sale anchor
$3.40M
Sep 5 2023
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
$92 / 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
$37,729
Tax year 2023
Assessed value
$138,104
Assessed 2023
Previous assessed
$138,104
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$54,581
Assessed improvement
$83,523
Land market value
$958,750
Improvement market value
$2,666,700
Total market value
$3,625,450
Applied tax rate
880.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
42,280 SF
Lot
5.17 ac (225,205 SF)
Zoning code
C2
APN
441-06-03-0037
UPID
US77-1971615
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SCZoning C2 · permitted uses
C2 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
5.17 ac
Current owner
From public records · entity-resolved
Northgate Holding LLC
Entity
Mailing address
3550 NORTHGATE DR, MYRTLE BEACH, SC 29588-6182
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$3,400,000
Northgate Holding LLC
Roberts Rentals Limited Partnership
Warranty Deed
$5,100,000 · Coastal Carolina National Bank
Feb 21, 2008
—
Roberts Rentals
—
Deed Of Trust
related
$3,000,000 · Carolina First Bk
Apr 26, 2007
—
Roberts Rentals
Robert S Johnson
Quit Claim Deed
related
—
Dec 1, 2006
—
Roberts Rentals
Robert S Johnson
Grant Deed
related
$3,075,000 · Community Resource Bk
—
—
Roberts Rentals LP
—
Deed Of Trust
related
$1,000,000 · Td Bk NA
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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