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Property profile & analytics
OFF-MARKET
Estimated value
$4,825,000
Theaters & concert halls
4640 Hwy 17th S North Myrtle Beach, SC 29582-5357
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1872773
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1997
Construction
WOOD
Total area
29,972 SF
Lot
13.39 ac (583,268 SF)
Zoning code
H-C
APN
391-00-00-0009
UPID
US77-1872773
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
-
House of Blues Myrtle Beach Music Venue Bar & Pub
-
Innovus Bank Loan Service
-
The Original Murder Mystery Restaurant Theater & Performing Art Venue
-
Gear Shop at House of Blues Myrtle Beach Clothing Store Collectibles Store
-
House of Blues Restaurant & Bar Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.83M
Owner & transaction history
Chapman Place Holding Company LLC · 3 yrs held
Chapman Place Holding Company LLC
since 2023
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
H-C · North 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 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
$5,325,000
ML approach
$5,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,865,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,955,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,990,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,965,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,665,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,495,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,480,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.83M
Range $4.34M – $5.31M · ±10% · vs last sale $4.28M (Jul 24 2023)
Last sale anchor
$4.28M
Jul 24 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
$161 / 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
$114,398
Tax year 2023
Assessed value
$498,898
Assessed 2023
Previous assessed
$498,898
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$141,921
Assessed improvement
$356,977
Land market value
$2,600,910
Improvement market value
$8,560,400
Total market value
$11,161,310
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1997
Construction
WOOD
Heating
SOLAR
Cooling
CENTRAL
Buildings
6
Stories
1
Total area
29,972 SF
Lot
13.39 ac (583,268 SF)
Zoning code
H-C
APN
391-00-00-0009
UPID
US77-1872773
Jurisdiction
HORRY
Zoning & alternative use
H-C · North Myrtle Beach, SCZoning H-C · permitted uses
H-C · North 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
COMMERCIAL (GENERAL)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.0M
RESTAURANT
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
RETAIL STORES
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1997
Construction
WOOD
Heating
SOLAR
Cooling
Yes
Stories
1
Buildings
6
Lot
13.39 ac
Current owner
From public records · entity-resolved
Chapman Place Holding Company LLC
Entity
Mailing address
702 6TH AVE S STE #5, NORTH MYRTLE BEACH, SC 29582-3568
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
Jul 24, 2023
$4,275,000
Chapman Place Holding Company LLC
Barefoot Landing Realty LLC
Warranty Deed
$2,875,000 · Anderson Brothers Bank
Jul 5, 2017
$275,000
City Of North Myrtle Beach
Barefoot Landing Realty LLC
Grant Deed
—
Sep 16, 2014
$15,200
Duplin Wine Cellars INC
Barefoot Zoo LLC
Warranty Deed
—
Aug 30, 2013
$4,208,617
Barefoot Landing Realty LLC
Barefoot Retail Partners I LLC
Grant Deed
related
$4,900,000 · Nbsc
Jun 5, 2013
$3,000,000
Barefoot Zoo LLC
Barefoot Retail Partners I LLC
Grant Deed
related
—
Aug 26, 2005
$9,497,541
Barefoot Retail Partners I LLC
Barefoot Landing INC
Grant Deed
related
$10,000,000 · Carolina First Bk
Feb 3, 2000
$15,027,026
Barefoot Landing INC
—
Trustees Deed
related
—
Feb 3, 2000
$313,980
Barefoot Landing INC
—
Trustees Deed
related
—
Feb 3, 2000
—
City Of N Myrtle Beach
—
Trustees Deed
related
—
—
—
Barefoot Landing Realty LLC
—
Deed Of Trust
related
$100,000 · Branch Bk&tr
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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