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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Retail space
508 Kings Hwy Myrtle Beach, SC 29577-3947
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0395341
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
STEEL FRAME
Total area
5,400 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C-2
APN
443-04-03-0011
UPID
US77-0395341
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
-
Mona Lisa Beverage Liquor Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$925k
Owner & transaction history
Inlet Group II LLC · 2 yrs held
Inlet Group II LLC
since 2024
7 recorded transactions
Zoning & alternative use
C-2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+58.7%
Office building
$1.3M
+36.4%
Restaurant
$1.3M
+29.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,310,000
6.5%
$1,210,000
7%
$1,125,000
Alternative Use
Use
Estimation
RETAIL STORES
$965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,535,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,320,000
Change: +36% · Conversion: Easy
RESTAURANT
$1,250,000
Change: +29% · Conversion: Easy
WAREHOUSE, STORAGE
$810,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$171 / 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
$8,411
Tax year 2023
Assessed value
$29,699
Assessed 2023
Previous assessed
$29,699
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$16,834
Assessed improvement
$12,865
Land market value
$280,560
Improvement market value
$278,200
Total market value
$558,760
Applied tax rate
893.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
5,400 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C-2
APN
443-04-03-0011
UPID
US77-0395341
Jurisdiction
HORRY
Zoning & alternative use
C-2 · Myrtle Beach, SC
Zoning C-2 · permitted uses
C-2 · 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
RETAIL STORES Current
Est. value
$965,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$810,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
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
1986
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
Inlet Group II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
508 N KINGS HWY, MYRTLE BEACH, SC 29577-3947
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
Inlet Group II LLC
Gator Hole Spirits Group LLC
Warranty Deed
—
Mar 8, 2024
—
Inlet Group II LLC
Gator Hole Spirits Group LLC
Warranty Deed
—
Feb 7, 2024
—
Babel Enterprise INC
Sun Shine Trust
Warranty Deed
—
Feb 7, 2024
$1,200,000
Gator Hole Spirits Group LLC
Babel Enterprise INC
Warranty Deed
$1,183,080 · Babel Enterprise
Oct 22, 2013
—
Sun,shine Trust
Babel Ent INC
Quit Claim Deed
related
—
Sep 29, 2009
$500,000
Babel Ent INC
Beach First Natl Bk
Grant Deed
$400,000 · Beach First Nat'l Bk
Apr 30, 2009
$375,000
Beach First Natl Bk
B & M Ent Of Myrtle Beach LLC
Deed In Lieu Of Foreclosure
related
—
Dec 14, 2004
$610,000
B & M Ents Of Myrtle Beach LLC
Pavil Corp
Grant Deed
$610,000 · Beach First Nat'l Bk
—
—
B & M Ent Of Myrtle Beach LLC
—
Deed Of Trust
related
$375,000 · Beach First Nat'l Bk
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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