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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Turn key restaurants
4401 Hwy 17th S North Myrtle Beach, SC 29582-5254
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-2949917
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1995
Construction
CONCRETE
Total area
5,639 SF
Lot
1.18 ac (51,401 SF)
Zoning code
C-2
APN
423-01-04-0049
UPID
US77-2949917
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
-
CVS Cosmetic Store
-
CDReload - Online Bitcoin ATM Bank Credit Union
-
UPS Access Point location Courier Service Postal Service
-
CVS Pharmacy Pharmacy
-
CVS Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.98M
Owner & transaction history
South Bay LLC · 1 yrs held
South Bay LLC
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
C-2 · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+17.6%
Commercial (general)
$2.2M
+10.2%
Retail stores
$2.1M
+4.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,330,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,180,000
Change: +10% · Conversion: Easy
RETAIL STORES
$2,075,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,785,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,700,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $2.20M (Feb 16 2025)
Last sale anchor
$2.20M
Feb 16 2025
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
$350 / 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
$39,068
Tax year 2023
Assessed value
$142,999
Assessed 2023
Previous assessed
$142,999
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$61,681
Assessed improvement
$81,318
Land market value
$1,028,020
Improvement market value
$1,355,300
Total market value
$2,383,320
Applied tax rate
880.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
5,639 SF
Lot
1.18 ac (51,401 SF)
Zoning code
C-2
APN
423-01-04-0049
UPID
US77-2949917
Jurisdiction
HORRY
Zoning & alternative use
C-2 · North Myrtle Beach, SC
Zoning C-2 · permitted uses
C-2 · 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
RESTAURANT Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL 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
1995
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Lot
1.18 ac
Current owner
From public records · entity-resolved
South Bay LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4401 N KINGS HWY, MYRTLE BEACH, SC 29577-2726
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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 16, 2025
$2,200,000
South Bay LLC
Num 2 Hornes LLC
Warranty Deed
—
Jan 2, 2024
—
Num 2 Hornes LLC
Ignome Ranch LP
Warranty Deed
—
Apr 3, 2019
$2,400,000
Ignome Ranch
Ralph F Johnson
Warranty Deed
—
Apr 3, 2019
—
Ralph F Johnson
R & R Holding Co INC
Warranty Deed
related
—
Jul 3, 2007
—
Johnson,ralph F Trust
George N Sherman
Grant Deed
related
—
Feb 27, 2007
$2,815,000
Sherman,george N
Cnl Net Lease Funding 2003 LLC
Grant Deed
$1,830,000 · Kinecta FCU
Jan 6, 2006
$2,496,609
Cnl Net Lease Funding 2003 LLC
Brinker South Carolina INC
Grant Deed
related
$2,528,395 · Wells Fargo Bk
—
—
R & R Holding Co INC
—
Deed Of Trust
related
$1,640,000 · First Internet Bk/in
—
—
Bonnaroo Restaurant Group II L
—
Deed Of Trust
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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