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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Warehouses
5506 Socastee Blvd Myrtle Beach, SC 29588
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-1720533
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1997
Construction
CONCRETE
Total area
21,600 SF
Lot
4.82 ac (209,959 SF)
Zoning code
GR
APN
440-10-02-0008
UPID
US77-1720533
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
$2.34M
CAP Approach
CAP
$2.86M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.11M
Owner & transaction history
Sbs Sc Shore 2021 LLC · 5 yrs held
Sbs Sc Shore 2021 LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
GR · 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
$2,345,000
ML approach
$2,335,000
CAP Approach
CAP Return
Estimation
6%
$3,095,000
6.5%
$2,855,000
7%
$2,650,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,400,000
Current use
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $1.48M (May 5 2021)
Last sale anchor
$1.48M
May 5 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
$97 / 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
$21,238
Tax year 2023
Assessed value
$73,383
Assessed 2023
Effective rate
28.94%
On assessed value
Assessed land
$30,795
Assessed improvement
$42,588
Land market value
$568,780
Improvement market value
$960,800
Total market value
$1,529,580
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
NONE
Buildings
5
Total area
21,600 SF
Lot
4.82 ac (209,959 SF)
Zoning code
GR
APN
440-10-02-0008
UPID
US77-1720533
Jurisdiction
HORRY
Zoning & alternative use
GR · Myrtle Beach, SC
Zoning GR · permitted uses
GR · 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
WAREHOUSE, STORAGE Current
Est. value
$3.4M
WAREHOUSE, STORAGE 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
1997
Construction
CONCRETE
Heating
NONE
Buildings
5
Lot
4.82 ac
Current owner
From public records · entity-resolved
Sbs Sc Shore 2021 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4045 PECOS ST STE #201, DENVER, CO 80211-2567
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
Sbs Sc Shore 2021 LLC
—
Deed
related
$485,000,000 · Jp Morgan Chase Bank
Sep 22, 2022
—
Sbs Sc Shore 2021 LLC
—
Deed
related
$462,500,000 · Bank Of America
May 5, 2021
$1,475,600
Sbs Sc Shore 2021 LLC
Riverbanks Storage LLC
Warranty Deed
—
May 5, 2021
—
Sbs Sc Shore 2021 LLC
—
Deed
related
—
Dec 22, 2015
—
Riverbanks Storage LLC
Johnson & Wellons LLC
Grant Deed
related
—
Dec 11, 2012
—
Mc & Wkm LLC
Calvin M Mason
Warranty Deed
related
—
Mar 30, 2012
$610,000
Mason,calvin M & Wanda K
Atlas Sc I Spe LLC
Grant Deed
—
Sep 9, 2010
$595,000
Johnson & Wellons LLC
Riverbanks LLC
Grant Deed
$721,580 · First Bk
Jul 12, 2010
$450,000
Riverbanks LLC
Atlas Sc I Spe LLC
Grant Deed
—
Feb 17, 2010
—
Atlas Sc I Spe LLC
Riverbanks Mhp & Storage LLC
Grant Deed
related
—
Sep 2, 2005
$7,400,000
Riverbanks Mhp & Storage LLC
Riverbanks LLC
Grant Deed
related
—
Feb 10, 2005
$5,100,000
Riverbanks LLC
Hbh INC
Grant Deed
—
—
—
Johnson & Wellons LLC
—
Deed Of Trust
related
$1,030,000 · First Bk
—
—
Johnson & Wellons LLC
—
Deed Of Trust
related
$1,000,000 · Crescom 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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