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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Office buildings
414 17th S Ave Myrtle Beach, SC 29577-4606
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US77-1891219
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
CONCRETE
Total area
5,678 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C-1
APN
459-10-03-0151
UPID
US77-1891219
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
-
Coastal Ice Co Inc Big Box & Wholesale Store Distribution Center
-
Johnson & Wellons Investments, LLC (JWI Storage) Financial Advisor
-
Wellons Properties Inc Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$770k
Owner & transaction history
Wellcor LLC · 18 yrs held
Wellcor LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$136 / 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
Assessed value
$19,198
Assessed 2023
Previous assessed
$19,198
+0.0% YoY
Assessed land
$3,825
Assessed improvement
$15,373
Land market value
$66,530
Improvement market value
$364,700
Total market value
$431,230
Applied tax rate
660.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
5,678 SF
Lot
0.25 ac (10,890 SF)
Zoning code
C-1
APN
459-10-03-0151
UPID
US77-1891219
Jurisdiction
HORRY
Zoning & alternative use
C-1 · Myrtle Beach, SC
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.25 ac
Current owner
From public records · entity-resolved
Wellcor LLC
Entity
Mailing address
414 17TH AVE S, MYRTLE BEACH, SC 29577-4606
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2008
—
Wellcor LLC
David T Wellons JR.
Quit Claim Deed
related
$400,000 · First Bk
Apr 1, 2008
$330,000
Wellons,david T JR
Southpoint II LLC
Grant Deed
—
Dec 11, 2006
—
Southpoint II LLC
John T O'neill
Quit Claim Deed
related
—
Aug 21, 2003
—
Oneill,john T Tr
—
Grant Deed
related
—
Jun 6, 2002
$300,000
John T O'neill
—
Grant Deed
—
—
—
Wellcor LLC
—
Deed Of Trust
related
$355,111 · Anderson Brothers Bk
—
—
Wellcor LLC
—
Deed Of Trust
related
$150,000 · 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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