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Property profile & analytics
OFF-MARKET
Retail space
511 7th N Ave Myrtle Beach, SC 29577-3849
Individually Owned
6-yr Hold
Free & Clear
Property ID
US77-1909331
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
3,092 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C1
APN
443-04-03-0003
UPID
US77-1909331
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
-
Myrtle Beach Bus Station Parking Lot & Garage
-
Food lion Grocery & Convenience Store Food Market
-
Greyhound: Bus Station Logistics Company Trucking Company
-
Southeastern Stages & Greyhound Bus Station Logistics Company Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
William F Benik · 6 yrs held
William F Benik
since 2020
6 recorded transactions
Zoning & alternative use
C1 · Myrtle Beach, SC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$8,270
Assessed 2023
Assessed land
$4,121
Assessed improvement
$4,149
Land market value
$72,000
Improvement market value
$99,300
Total market value
$171,300
Applied tax rate
899.0000
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
1970
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
3,092 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C1
APN
443-04-03-0003
UPID
US77-1909331
Jurisdiction
HORRY
Zoning & alternative use
C1 · Myrtle Beach, SC
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1970
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
William F Benik
Individual
Free & Clear · 6 yrs held
Mailing address
1601 N OAK ST STE #101, MYRTLE BEACH, SC 29577-3579
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2020
—
William F Benik
Scottish Ins Agcy INC
Quit Claim Deed
related
—
Jan 10, 2020
—
Scottish Incurance Agcy INC
—
Deed
related
$1,400,000 · Conway Nat'l Bk
Oct 26, 2007
—
Scottish Insurance Agency INC
—
Grant Deed
related
$2,950,000 · Beach First Nat'l Bk
—
—
Scottish Insurance Agency INC
—
Deed Of Trust
related
$1,009,525 · Beach First Nat'l Bk
—
—
Scottish Insurance Agency INC
—
Deed Of Trust
related
$1,702,400 · Beach First Nat'l Bk
—
—
Scottish Incurance Agcy INC
—
Deed Of Trust
related
$1,400,000 · Conway 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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