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    Property profile & analytics

    397 Robert M Grissom Pkwy Myrtle Beach, SC 29577-6574

    • Office buildings
    • 1,562 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Mar 13, 2024
    Location Intelligence
    Property ID
    US77-2940638
    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

    • Sunni Skin / Beauty Salon
    • The Duo Barbershop & Salon / Barber Shop / Hair Salon
    • Andrea's Esthetics @ The Duo Barbershop & Salon / Beauty Salon / Hair Removal Service

    Property Details for 397 Robert M Grissom Pkwy

    Year built
    2009
    Construction
    CONCRETE
    Lot size
    0.24 lot acres
    Property size
    1,562 SF
    Property type
    Office buildings
    APN
    425-16-03-0004
    APU
    42516030004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $380,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $410,000
      Mixed-Use
      $340,000
      Hospitality
      $410,000
      Educational
      $370,000
      Residential Income
      $440,000
      Energy
      $330,000
      Income-Based Land
      $320,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9108
    Latitude
    33.6997
    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
    $5,721
    $2,926
    $9,947
    $12,873
    -
    $63,600
    $231,600
    $295,200

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      609 18th N Ave

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      7,074 SF

      1131 48th N Ave

      OFFICE BUILDING • 7,074 SF
      1131 48th N Ave, Myrtle Beach, SC 29577-5439
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      1,748 SF

      606 16th N Ave

      OFFICE BUILDING • 1,748 SF
      606 16th N Ave, Myrtle Beach, SC 29577-3501
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    • Value Estimation by Request
      1,785 SF

      1390 Cannon Rd

      OFFICE BUILDING • 1,785 SF
      1390 Cannon Rd, Myrtle Beach, SC 29577-5548
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    • Value Estimation by Request
      3,189 SF

      1330 Howard Ave

      OFFICE BUILDING • 3,189 SF
      1330 Howard Ave, Myrtle Beach, SC 29577-1418
      View Details
    • Value Estimation by Request
      540 SF

      1705 Oak St

      OFFICE BUILDING • 540 SF
      1705 Oak St, Myrtle Beach, SC 29577-3580
      View Details

    Similar Nearby for Sale

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      Myrtle Beach Office Building For Sale

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    • $395,000
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      Myrtle Beach Executive Office Suites

      Prime Location, Two Units, $395,000
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    • $895,000
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      Myrtle Beach Office Condominiums

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    Similar Nearby for Lease

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      1,260 SF

      Free Standing Office Building For Lease

      Well-maintained 1,260 SF office building available for lease.
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    • $3,250 /Mo
      2,400 SF

      Myrtle Beach Office Space Available

      Office space for rent in Myrtle Beach, South Carolina.
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    • $324 /Mo
      4,985 SF

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      Office Properties & Spaces • 4,985 SF
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    • $16 SF/Yr
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      Office Space in Myrtle Beach

      Available office space for rent in Myrtle Beach, SC.
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    • $13 SF/Yr
      36,905 SF

      Village Square Retail Space

      Myrtle Beach Creative Office, 22,065 SF
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    • $2,080 /Mo
      2,080 SF

      Prime Second-Floor Office Space

      Spacious 2,080 sq ft office suite for lease.
      4221 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
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    Myrtle Beach, SC 29577-6574
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    Realmo Value Estimation

    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.

    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.

    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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