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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
5812 Kings Hwy Myrtle Beach, SC 29577-2332
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-1821495
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1951
Total area
2,316 SF
Lot
0.35 ac (15,246 SF)
Zoning code
R10
APN
421-11-01-0084
UPID
US77-1821495
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
$535k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
$496k
Blend (final)
Blend
$520k
Owner & transaction history
Kings Estates LLC · 5 yrs held
Kings Estates LLC
since 2021
5 recorded transactions
Zoning & alternative use
R10 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
omplish the purposes set forth in section 104 - Purpose and Intent, the following districts are hereby established: District District Name Classification R5 Single-family Detached Residential Districts Residential R7 R8 R10 R15 RMM Multi-family Residential District - Medium Density Residential RMH Multi-family Residential District - High Density Residential…
Zone name
Single Family Detached Residential
General category
RESIDENTIAL
Zone area
822.48 ac
Source
code of ordinances
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
$535,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
OFFICE BUILDING
$565,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$225 / 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
Assessed value
$12,000
Assessed 2023
Previous assessed
$12,000
+0.0% YoY
Assessed land
$10,500
Assessed improvement
$1,500
Land market value
$175,000
Improvement market value
$25,000
Total market value
$200,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1951
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
2,316 SF
Lot
0.35 ac (15,246 SF)
Zoning code
R10
APN
421-11-01-0084
UPID
US77-1821495
Jurisdiction
HORRY
Zoning & alternative use
R10 · Myrtle Beach, SCZoning R10 · permitted uses
R10 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
omplish the purposes set forth in section 104 - Purpose and Intent, the following districts are hereby established: District District Name Classification R5 Single-family Detached Residential Districts Residential R7 R8 R10 R15 RMM Multi-family Residential District - Medium Density Residential RMH Multi-family Residential District - High Density Residential RMH-MH Multi-family Residential District - High Density with Manufactured Homes Res
Zone name
Single Family Detached Residential
General category
RESIDENTIAL
Zone area
822.48 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$700,000
OFFICE BUILDING
Est. value
$565,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1951
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
0.35 ac
Current owner
From public records · entity-resolved
Kings Estates LLC
Entity
Free & Clear · 5 yrs held
Mailing address
706 SEABOARD ST, MYRTLE BEACH, SC 29577-6510
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2021
—
Kings Estates LLC
Giuseppe Chillico
Warranty Deed
—
Dec 3, 2020
$199,999
Giuseppe Chillico
Browning Hldgs LLC
Warranty Deed
—
Apr 27, 2017
$206,000
Browning Holdings LLC
Westmoreland Holding Co LLC
Warranty Deed
related
$188,000 · Westmoreland Holding Co LLC
Mar 7, 2005
—
Westmoreland Holding Co LLC
J P French
Grant Deed
related
—
—
—
Westmoreland Holding Co LLC
—
Deed Of Trust
related
$156,150 · J Paige French
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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