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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Office buildings
5111 Kings Hwy Myrtle Beach, SC 29577-2550
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1799714
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
CONCRETE BLOCKS
Total area
4,035 SF
Lot
0.38 ac (16,553 SF)
Zoning code
AC-
APN
421-16-03-0031
UPID
US77-1799714
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
-
Re/Max: Barton Thigpen Real Estate Agency
-
Ryan Roark, Realtor - RE/MAX Executive Real Estate Agency
-
Bryan Ricci Realtor Real Estate Agency
-
RE/MAX Executive Real Estate Agency
-
Re/Max Ocean Forest: Tracy Turner Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$695k
Owner & transaction history
Num 1184 LLC · 4 yrs held
Num 1184 LLC
since 2021
Last sale
$530,000
7 recorded transactions
Zoning & alternative use
AC- · 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
Method
Estimation
Statistic approach
$840,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$985,000
Current use
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $530k (Nov 24 2021)
Last sale anchor
$530k
Nov 24 2021
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
$172 / 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
$8,677
Tax year 2023
Assessed value
$23,401
Assessed 2023
Previous assessed
$23,401
+0.0% YoY
Effective rate
37.08%
On assessed value
Assessed land
$17,162
Assessed improvement
$6,239
Land market value
$331,000
Improvement market value
$147,600
Total market value
$478,600
Applied tax rate
880.0000
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
1960
Construction
CONCRETE BLOCKS
Heating
SOLAR
Cooling
CENTRAL
Total area
4,035 SF
Lot
0.38 ac (16,553 SF)
Zoning code
AC-
APN
421-16-03-0031
UPID
US77-1799714
Jurisdiction
HORRY
Zoning & alternative use
AC- · Myrtle Beach, SC
Zoning AC- · permitted uses
AC- · 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
OFFICE BUILDING Current
Est. value
$985,000
OFFICE BUILDING Current
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
1960
Construction
CONCRETE BLOCKS
Heating
SOLAR
Cooling
Yes
Lot
0.38 ac
Current owner
From public records · entity-resolved
Num 1184 LLC
Entity
Mailing address
2901 COLTSGATE RD STE #100, CHARLOTTE, NC 28211-3572
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$530,000
Num 1184 LLC
Ocean Forest Investment LLC
Warranty Deed
$451,000 · Truist Bank
Aug 23, 2021
—
Ocean Forest Investment LLC
—
Deed
related
$295,000 · South Atlantic Bank
Jul 25, 2018
—
Ocean Forest Inv LLC
—
Deed
related
$330,000 · South Atlantic Bk
Jan 5, 2004
$515,000
Ocean Forest Invst LLC
—
Grant Deed
related
—
Jan 2, 2003
$225,000
Connie Angel
—
Grant Deed
related
—
Jan 2, 2003
—
Connie Angel
—
Grant Deed
related
—
—
—
Ocean Forest Inv LLC
—
Deed Of Trust
related
$330,000 · South Atlantic 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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