Financial
Distress signals
Property profile

404 22Nd Ave N Myrtle Beach, SC 29577

FOR SALE
Drive through restaurants
Property ID
US77-1988866
4,064 SF 0.83 ac lot Built 2006
Last sale Dec 2008 · $690,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This renovated 9-unit multi-family property is located in Myrtle Beach, South Carolina, approximately one block from the beach in Horry County. The building is configured with eight 1-bedroom units and one 2-bedroom unit. Each unit includes a private balcony oriented toward the ocean, and the property provides on-site laundry facilities. Reported upgrades include a replaced commercial roof, renovated kitchens and bathrooms, and the presence of furnishings, smart lock systems, and property-wide

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$78k
Assessed land$37k
Assessed improvement$40k
Effective rate27.32%

Value estimate

· Sep 2026
$620k
$558k – $682k
AI approach$530k
Sales comparison$714k
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$4k
Operating expenses−$46k
NOI · 3.74% cap applied$56k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$231/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$140 – $408
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3.74%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.6
Auto Parts Store11.7
Wholesale Shop10.2

Location

404 22Nd Ave N Myrtle Beach, SC 29577
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message