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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Car washes
3612 Socastee Blvd Myrtle Beach, SC 29588
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2058225
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2004
Construction
CONCRETE
Total area
1,712 SF
Lot
0.59 ac (25,700 SF)
Zoning code
MR7
APN
441-06-03-0038
UPID
US77-2058225
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
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$902k
Blend (final)
Blend
$930k
Owner & transaction history
Dawn M Armendt · 4 yrs held
Dawn M Armendt
since 2022
Last sale
$790,000
3 recorded transactions
Zoning & alternative use
MR7 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$885,000
+36.7%
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
$1,115,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$645,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +37% · Conversion: Moderate
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $790k (Mar 25 2022)
Last sale anchor
$790k
Mar 25 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
$543 / 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
$6,801
Tax year 2023
Assessed value
$12,889
Assessed 2023
Previous assessed
$12,889
+0.0% YoY
Effective rate
52.77%
On assessed value
Assessed land
$7,093
Assessed improvement
$5,796
Land market value
$154,200
Improvement market value
$130,900
Total market value
$285,100
Applied tax rate
630.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2004
Construction
CONCRETE
Heating
ELECTRIC
Stories
1
Rooms
3
Bathrooms
2
Total area
1,712 SF
Lot
0.59 ac (25,700 SF)
Zoning code
MR7
APN
441-06-03-0038
UPID
US77-2058225
Jurisdiction
HORRY
Zoning & alternative use
MR7 · Myrtle Beach, SC
Zoning MR7 · permitted uses
MR7 · 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
AUTO REPAIR, GARAGE Current
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$885,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
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
2004
Construction
CONCRETE
Heating
ELECTRIC
Stories
1
Rooms
3
Bathrooms
2
Lot
0.59 ac
Current owner
From public records · entity-resolved
Dawn M Armendt
Individual
Mailing address
2184 SENECA RDG DR, MYRTLE BEACH, SC 29579-4177
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$790,000
Dawn M Armendt
Smh Buildings LLC
Warranty Deed
$632,000 · Anderson Brothers Bank
Jul 26, 2013
$250,000
Smh Buildings LLC
R & B Car Wash LLC
Warranty Deed
—
Apr 6, 2004
$191,082
R&b Car Wash LLC
Jones,stephen R
Grant Deed
—
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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