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Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Warehouses
489 Myrtle Rdg Dr Conway, SC 29526-8922
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US77-1930730
Property summary
AI-generated overview
This exceptional industrial property offers 6,000 square feet of brand-new warehouse space, ideally situated on a 2.72-acre lot. The building, constructed in 2025, features a single story and is zoned PUD (Planned Unit Development), offering flexibility for various business needs. The property consists of two suites, each offering a minimum of 2,000 square feet and a maximum contiguous space of 4,000 square feet. Currently, all 6,000 square feet are vacant and available for lease. Units are currently under construction, with estimated completion in early 2025, and reservations are being accepted now. These are "vanilla shell" spaces, meaning they are delivered in a basic, unfinished state, allowing tenants complete customization for their specific operational requirements. Note that HVAC systems are not included; tenants are responsible for build-out costs. The 2025 Common Area Maintenance (CAM) fees are currently being finalized. The property's APN is 40006030162. This presents a unique opportunity to secure modern, adaptable warehouse space in a prime location. Contact us today to learn more about leasing options and reserve your space in this exciting new development.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
CONCRETE
Total area
11,560 SF
Lot
2.72 ac (118,483 SF)
Zoning code
FA
APN
400-06-03-0162
UPID
US77-1930730
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
-
Vines Restoration Plumbing HVAC Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$2.11M
Owner & transaction history
Vines Investments LLC · 9 yrs held
Vines Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
FA · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+41.5%
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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%
$3,000,000
6.5%
$2,770,000
7%
$2,575,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,460,000
Current use
MEDICAL BUILDING
$3,485,000
Change: +42% · Conversion: Difficult
RETAIL STORES
$2,180,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±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
$183 / 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
$20,623
Tax year 2023
Assessed value
$87,348
Assessed 2023
Previous assessed
$87,348
+0.0% YoY
Effective rate
23.61%
On assessed value
Assessed land
$10,800
Assessed improvement
$76,548
Land market value
$180,000
Improvement market value
$1,275,800
Total market value
$1,455,800
Applied tax rate
100.0000
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
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Total area
11,560 SF
Lot
2.72 ac (118,483 SF)
Zoning code
FA
APN
400-06-03-0162
UPID
US77-1930730
Jurisdiction
HORRY
Zoning & alternative use
FA · Conway, SC
Zoning FA · permitted uses
FA · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$3.5M
RETAIL STORES
Est. value
$2.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RETAIL STORES
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
2019
Construction
CONCRETE
Heating
NONE
Buildings
2
Lot
2.72 ac
Current owner
From public records · entity-resolved
Vines Investments LLC
Entity
Mailing address
489 MYRTLE RDG DR, CONWAY, SC 29526-8922
Ownership since
2017
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
Jun 25, 2025
—
Richard S Vines
—
Deed
related
$886,542 · First Citizens Bank
Feb 24, 2017
$145,000
Vines Investments LLC
Cnty St Bk Horry
Grant Deed
$100,000 · Synovus Bk
Oct 21, 2013
$331,393
Horry Cnty St Bk
Master In Equity Of Horry County|jaluco LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 25, 2008
—
Jaluco LLC
Jack R Cox SR.
Grant Deed
related
—
Nov 9, 2007
—
Cox,jack R SR
Jack R Cox SR.
Quit Claim Deed
related
—
Jul 30, 2004
$3,100,000
Cox,jack R SR
Switch Road Land Inv Group LLC
Grant Deed
—
Feb 5, 2004
—
Horry Co
—
Grant Deed
related
—
—
—
Jaluco LLC
—
Deed Of Trust
related
$100,000 · Horry Cnty St Bk
—
—
Jaluco LLC
—
Deed Of Trust
related
$250,000 · Bnc Bank
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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