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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Grocery and convenience stores
4062 Hwy 378 Conway, SC 29527-4933
Entity Owned
18-yr Hold
Free & Clear
Property ID
US77-2810697
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1959
Construction
METAL FRAME
Total area
3,542 SF
Lot
0.71 ac (30,928 SF)
Zoning code
FA
APN
371-04-02-0001
UPID
US77-2810697
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$703k
Blend (final)
Blend
$630k
Owner & transaction history
Loofa LLC · 18 yrs held
Loofa LLC
since 2008
7 recorded transactions
Zoning & alternative use
FA · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$755,000
+59.2%
Retail stores
$690,000
+46.1%
Office building
$550,000
+15.7%
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 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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Current use
WAREHOUSE, STORAGE
$755,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$690,000
Change: +46% · Conversion: Easy
OFFICE BUILDING
$550,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$178 / 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
$2,624
Tax year 2023
Assessed value
$11,137
Assessed 2023
Effective rate
23.56%
On assessed value
Assessed land
$2,556
Assessed improvement
$8,581
Land market value
$42,600
Improvement market value
$190,400
Total market value
$233,000
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1959
Construction
METAL FRAME
Heating
FORCED AIR
Total area
3,542 SF
Lot
0.71 ac (30,928 SF)
Zoning code
FA
APN
371-04-02-0001
UPID
US77-2810697
Jurisdiction
HORRY
Zoning & alternative use
FA · Conway, SC
Zoning FA · permitted uses
FA · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$755,000
RETAIL STORES
Est. value
$690,000
OFFICE BUILDING
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
RETAIL STORES
OFFICE BUILDING
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
1959
Construction
METAL FRAME
Heating
FORCED AIR
Lot
0.71 ac
Current owner
From public records · entity-resolved
Loofa LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2784 HWY 378, CONWAY, SC 29527-4915
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2008
$200,000
Loofa LLC
Jainik LLC
Warranty Deed
—
Jun 5, 2007
$125,274
Jainik LLC
Tara R Patel
Grant Deed
$105,274 · Tara R Patel
Jul 20, 2006
—
Patel,tara R
Ramdas D Patel
Quit Claim Deed
related
—
Jan 26, 2006
$100,000
Patel,ramdus D
Dakota Financial LLC
Warranty Deed
—
Dec 29, 2004
$215,820
Dakota Financial LLC
Swilley Oil Co LLC
Grant Deed
related
—
Jun 3, 2004
$60,000
Swilley Oil Co LLC
R W Gregory
Grant Deed
$215,820 · Dakota Financial LLC
May 28, 2004
$60,000
Swilley Oil Co LLC
Gregory,r William
Grant Deed
—
Oct 28, 2002
$500
Gregory R William
—
Grant Deed
related
—
Jun 1, 2001
$123,000
Robert A Stuart
—
Grant Deed
—
—
—
Loofa LLC
—
Deed Of Trust
related
$175,000 · Anderson Brothers Bk
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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