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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Office buildings
4953 Hwy 17th S Byp Myrtle Beach, SC 29577-6684
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-1163323
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
7,880 SF
Lot
0.54 ac (23,522 SF)
APN
441-14-01-0006
UPID
US77-1163323
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
$1.17M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.23M
Owner & transaction history
Coastal Plaza Properties LLC · 1 yrs held
Coastal Plaza Properties LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,065,000
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,925,000
Current use
RESTAURANT
$1,825,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±10% · vs last sale $1.25M (Mar 13 2025)
Last sale anchor
$1.25M
Mar 13 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
$155 / 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
$4,806
Tax year 2023
Assessed value
$20,391
Assessed 2023
Effective rate
23.57%
On assessed value
Assessed land
$8,247
Assessed improvement
$12,144
Land market value
$199,200
Improvement market value
$288,500
Total market value
$487,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
SOLAR
Cooling
CENTRAL
Total area
7,880 SF
Lot
0.54 ac (23,522 SF)
APN
441-14-01-0006
UPID
US77-1163323
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING Current
RESTAURANT
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
1983
Heating
SOLAR
Cooling
Yes
Lot
0.54 ac
Current owner
From public records · entity-resolved
Coastal Plaza Properties LLC
Entity
Mailing address
201 BUSINESS CTR DR, PAWLEYS ISLAND, SC 29585-6522
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
$1,250,000
Coastal Plaza Properties LLC
Congdon Holdings LLC
Warranty Deed
$875,000 · Congdon Holdings
Feb 9, 2016
$305,000
Congdon Holdings LLC
Fidelis Holdings LLC
Grant Deed
related
$518,500 · First Citizens Bk
May 26, 2011
—
K & T Holdings LLC
Fidelis Holdings LLC
Grant Deed
related
—
May 4, 2011
$200,000
Fidelis Holdings LLC
Scbt NA
Grant Deed
related
—
Nov 22, 2010
$300,000
Scbt NA
Master-in-equity Of Horry Cnty
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Jun 12, 2008
—
Barnhill Construction INC
Christopher W Barnhill
Quit Claim Deed
related
$200,000 · South Carolina Bk&tr NA
Dec 12, 2005
—
Barnhill,christopher W
Piver Corp
Grant Deed
related
—
Jun 10, 2005
$53,418
Barnhill,christopher W
Coast Properties LLC
Grant Deed
$53,418 · Coast Properties LLC
—
—
Barnhill,christopher W
—
Deed Of Trust
related
$39,000 · Coastal Fed'l Bk
—
—
Fidelis Holdings LLC
—
Deed Of Trust
related
$160,000 · Joe E Johnson
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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