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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Auto shops
405 Main St Conway, SC 29526-4307
Individually Owned
20-yr Hold
Free & Clear
Property ID
US77-1974207
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1969
Construction
STEEL FRAME
Total area
6,125 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CBD
APN
368-04-02-0003
UPID
US77-1974207
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
Current use
Occupant on record · Public records
-
BK's Collision Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$547k
Blend (final)
Blend
$565k
Owner & transaction history
Butler,leon P JR · 20 yrs held
Butler,leon P JR
since 2006
1 recorded transaction
Zoning & alternative use
CBD · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the CBD District is to establish and preserve the Central Business District for commercial and professional uses focused on pedestrian traffic, which concentrate comparative shopping and service opportunities in centrally located areas.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
29.44 ac
Source
Realmo
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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
by Request
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
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
$5,508
Tax year 2023
Assessed value
$20,253
Assessed 2023
Effective rate
27.20%
On assessed value
Assessed land
$9,889
Assessed improvement
$10,364
Land market value
$164,820
Improvement market value
$272,800
Total market value
$437,620
Applied tax rate
110.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1969
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
CENTRAL
Buildings
2
Total area
6,125 SF
Lot
0.54 ac (23,522 SF)
Zoning code
CBD
APN
368-04-02-0003
UPID
US77-1974207
Jurisdiction
HORRY
Zoning & alternative use
CBD · Conway, SCZoning CBD · permitted uses
CBD · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the CBD District is to establish and preserve the Central Business District for commercial and professional uses focused on pedestrian traffic, which concentrate comparative shopping and service opportunities in centrally located areas.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
29.44 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1969
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Buildings
2
Lot
0.54 ac
Current owner
From public records · entity-resolved
Butler,leon P JR
Individual
Free & Clear · 20 yrs held
Mailing address
503 BUTLER DR, CONWAY, SC 29527-5670
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2006
—
Butler,leon P JR
Hazel W Butler
Quit Claim Deed
related
—
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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