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Property profile & analytics
OFF-MARKET
Estimated value
$1,195,000
Warehouses
424 Watermill Rdg Dr, Longs, SC 29568-7726
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-0273700
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2009
Construction
CONCRETE
Total area
10,000 SF
Lot
1.07 ac (46,609 SF)
APN
315-15-02-0006
UPID
US77-0273700
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
-
Myco's Collision Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.20M
Owner & transaction history
Chris Manning Communities Internati · 2 yrs held
Chris Manning Communities Internati
since 2023
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+1.4%
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 Longs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longs 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
$1,370,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,830,000
Current use
RETAIL STORES
$1,855,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10% · vs last sale $1.10M (Jul 21 2023)
Last sale anchor
$1.10M
Jul 21 2023
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
$120 / 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
$32,774
Assessed 2023
Previous assessed
$32,774
+0.0% YoY
Assessed land
$4,072
Assessed improvement
$28,702
Land market value
$94,200
Improvement market value
$642,800
Total market value
$737,000
Applied tax rate
500.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
10,000 SF
Lot
1.07 ac (46,609 SF)
APN
315-15-02-0006
UPID
US77-0273700
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.07 ac
Current owner
From public records · entity-resolved
Chris Manning Communities Internati
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 2430, NORTH MYRTLE BEACH, SC 29598-2430
Ownership since
2023
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
Oct 31, 2023
—
Chris Manning Communities Intr
—
Deed
related
$1,760,000 · New Republic Bank
Jul 21, 2023
$1,100,000
Chris Manning Communities Internati
Mycos Collision LLC
Warranty Deed
—
May 11, 2022
$690,000
Mycos Collision LLC
Num 424 Watermill Ridge Drive LLC
Warranty Deed
$750,000 · Sandhills Bank
Jul 7, 2020
—
424 Watermill Ridge Drive LLC
—
Deed
related
$496,000 · Conway Nat'l Bk
Dec 7, 2017
—
424 Watermill Ridge Drive LLC
—
Deed
related
$472,000 · Conway Nat'l Bk
Apr 27, 2017
$475,000
424 Watermill Ridge Drive LLC
Industrial Pk Of Horry Cnty Ll
Grant Deed
$376,000 · Conway Nat'l Bk
Apr 12, 2010
—
Industrial Park Of Horry Cnty LLC
Rolfe M Hanna
Quit Claim Deed
related
—
Jan 20, 2010
$650,000
Hanna,rolfe M
Thompson Rental INC
Grant Deed
—
—
—
424 Watermill Ridge Drive LLC
—
Deed Of Trust
related
$472,000 · Conway Nat'l Bk
—
—
424 Watermill Ridge Drive LLC
—
Deed Of Trust
related
$496,000 · Conway Nat'l 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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