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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Data centers and call centers
429 Pne St North Myrtle Beach, SC 29582-3115
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US77-1668090
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1972
Construction
CONCRETE
Total area
4,900 SF
Lot
37.88 ac (1,650,053 SF)
Zoning code
B-C
APN
356-07-01-0060
UPID
US77-1668090
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
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Ithicus LLC · 11 yrs held
Ithicus LLC
since 2015
7 recorded transactions
Zoning & alternative use
B-C · North 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$735,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$730,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: 0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$104 / 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
$21,390
Assessed 2023
Assessed land
$11,386
Assessed improvement
$10,004
Land market value
$440,000
Improvement market value
$198,400
Total market value
$638,400
Applied tax rate
550.0000
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Total area
4,900 SF
Lot
37.88 ac (1,650,053 SF)
Zoning code
B-C
APN
356-07-01-0060
UPID
US77-1668090
Jurisdiction
HORRY
Zoning & alternative use
B-C · North Myrtle Beach, SC
Zoning B-C · permitted uses
B-C · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$730,000
MEDICAL BUILDING
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Lot
37.88 ac
Current owner
From public records · entity-resolved
Ithicus LLC
Entity
Mailing address
429 PNE ST, NORTH MYRTLE BEACH, SC 29582-3115
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Ithicus LLC
—
Deed
related
$275,000 · First Citizens Bank
Jan 11, 2018
—
Ithicus LLC
—
Deed
related
$100,000 · First Citizens Bk
Mar 12, 2015
$295,000
Ithicus LLC
Morning Glory Dev INC
Warranty Deed
$250,750 · First Citizens Bk
Aug 8, 2014
$310,000
Morning Glory Dev INC
Norman Communications Nmb INC
Warranty Deed
$980,000 · Sandhills Bk
Nov 30, 2000
$300,000
Norman Communications Nmb
—
Grant Deed
related
—
Dec 28, 1999
$320,000
Drive Communications Ocean
—
Grant Deed
related
—
—
—
Ithicus LLC
—
Deed Of Trust
related
$100,000 · First Citizens Bk
—
—
Norman Communications Nmb INC
—
Deed Of Trust
related
$670,000 · Sandhills Bk
—
—
Norman Communcations Nmb INC
—
Deed Of Trust
related
$525,000 · Sandhills 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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