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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Medical Office Space
4602 Oleander Dr Myrtle Beach, SC 29577
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-1898910
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Construction
CONCRETE
Total area
11,520 SF
Lot
1.23 ac (53,579 SF)
Zoning code
OP1
APN
420-14-02-0112
UPID
US77-1898910
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
$2.50M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.50M
Owner & transaction history
Num 4600 Oleander LLC · 1 yrs held
Num 4600 Oleander LLC
since 2024
Last sale
$2.5M
3 recorded transactions
Zoning & alternative use
OP1 · Myrtle Beach, SC
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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
$2,870,000
6.5%
$2,650,000
7%
$2,460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,470,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,270,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$2,810,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Dec 11 2024)
Last sale anchor
$2.50M
Dec 11 2024
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
$217 / 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
$24,766
Tax year 2023
Assessed value
$90,654
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$25,718
Assessed improvement
$64,936
Land market value
$428,630
Improvement market value
$1,361,200
Total market value
$1,789,830
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
11,520 SF
Lot
1.23 ac (53,579 SF)
Zoning code
OP1
APN
420-14-02-0112
UPID
US77-1898910
Jurisdiction
HORRY
Zoning & alternative use
OP1 · Myrtle Beach, SCZoning OP1 · permitted uses
OP1 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.8M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
2005
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.23 ac
Current owner
From public records · entity-resolved
Num 4600 Oleander LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1801 NEW HANOVER MEDICAL PARK DR, WILMINGTON, NC 28403-5351
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Num 4600 Oleander LLC
Double Dutch Holdings LLC
Warranty Deed
—
Dec 11, 2024
$2,500,000
Num 4600 Oleander LLC
Double Dutch Holdings LLC
Warranty Deed
$941,379 · South Carolina Federal Credit Union
Aug 29, 2003
$197,500
Double Dutch Holdings LLC
—
Grant Deed
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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