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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Warehouses
4777 Northgate Blvd Myrtle Beach, SC 29577-6696
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-2066011
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
STEEL FRAME
Total area
4,896 SF
Lot
0.51 ac (22,216 SF)
Zoning code
LI
APN
441-14-01-0047
UPID
US77-2066011
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
-
United Electric-Myrtle Beach Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$840k
Owner & transaction history
Lmtm Properties III LLC · 1 yrs held
Lmtm Properties III LLC
since 2024
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
LI · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+62.3%
Retail stores
$875,000
+19.0%
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
by Request
ML approach
$510,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$735,000
Current use
OFFICE BUILDING
$1,195,000
Change: +62% · Conversion: Difficult
RETAIL STORES
$875,000
Change: +19% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $1.15M (Jul 30 2024)
Last sale anchor
$1.15M
Jul 30 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
$172 / 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
$3,342
Tax year 2023
Assessed value
$15,121
Assessed 2023
Effective rate
22.10%
On assessed value
Assessed land
$5,976
Assessed improvement
$9,145
Land market value
$99,600
Improvement market value
$211,300
Total market value
$310,900
Applied tax rate
630.0000
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
2004
Construction
STEEL FRAME
Heating
NONE
Total area
4,896 SF
Lot
0.51 ac (22,216 SF)
Zoning code
LI
APN
441-14-01-0047
UPID
US77-2066011
Jurisdiction
HORRY
Zoning & alternative use
LI · Myrtle Beach, SC
Zoning LI · permitted uses
LI · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$875,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2004
Construction
STEEL FRAME
Heating
NONE
Lot
0.51 ac
Current owner
From public records · entity-resolved
Lmtm Properties III LLC
Entity
Mailing address
401 CYPRESS WOOD CT, MURRELLS INLET, SC 29576-7063
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
$1,150,000
Lmtm Properties III LLC
Broome Christy C Tr
Warranty Deed
$862,500 · Broome Christy C Tr
Dec 17, 2015
—
Gst,christy C B N Trust
Cannon William E Trust
Quit Claim 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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