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Financial
Distress signals
Property profile

508 N Kings Hwy Myrtle Beach, SC 29577

FOR SALE
Retail space
Property ID
US77-0395341
5,400 SF 0.46 ac lot Built 1986
Last sale Feb 2024 · $1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This second-generation retail end-cap space is located at 508 North Kings Hwy in Myrtle Beach, South Carolina. The space is configured for retail use and includes a large front window display area and existing shelving suited for storefront merchandising. The building was constructed in 1986 and is situated in an established retail/visitor area near Broadway at the Beach, Coastal Grand Mall, and the Myrtle Beach Boardwalk, within a surrounding mix of dining, shopping, entertainment, resort areas, and nearby beaches.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$30k
Assessed land$17k
Assessed improvement$13k
Effective rate28.32%

Value estimate

· Oct 2026
$460k
$414k – $506k
CAP approach$1.21M
Submarket $/SF estimate$1.22M
NOI build-up
Gross scheduled income$115k
Vacancy & credit loss−$3k
Operating expenses−$34k
NOI · 4.64% cap applied$79k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$118 – $257
Qualifying comparables4

Cap rate analysis

How does the asset earn?
4.64%
$79k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Skin Care Clinic
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Skin Care Clinic9.4
Garden Center9.2
Electrical Service8.9

Location

508 N Kings Hwy Myrtle Beach, SC 29577
County assessor Recorded deeds · 10 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2204 Kings, Myrtle Beach, SC 29577-3043 $1,200,000 Sep 2024 6,004 SF
1100 Kings, Myrtle Beach, SC 29577-4503 $1,000,000 Mar 2024 6,834 SF
1103 Ocean, Myrtle Beach, SC 29577-3754 $272,495 Nov 2023 5,600 SF
1002 Hwy 501, Myrtle Beach, SC 29577-3821 $895,000 Oct 2023 7,134 SF
Ocean, Myrtle Beach, SC 29577 $1,880,000 Jun 2023 5,172 SF
909 Ocean, Myrtle Beach, SC 29577-3750 $2,400,000 Apr 2023 5,929 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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