600 Hwy 17th S Surfside Beach, SC 29575-6057
Entity Owned
2-yr Hold
~
Est. High Equity
Estimated value (blended)
$1.26M
Range $1.13M – $1.39M (±10%)
Implied cap rate
2.10%
In-place · NOI ÷ last sale
Property ID
US77-1255102
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Construction
CONCRETE
Total area
1,642 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C2
APN
444-01-04-0014
UPID
US77-1255102
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.26M
Owner & transaction history
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C2 · Surfside Beach, SC
Zoning description
the restaurant use (C1, C2, C3, E, and MU), no outdoor bars for the service of alcohol shall be permitted. d. Any restaurant use with open or outdoor dining shall be further subject to the requirements imposed by this Co…
General category
COMMERCIAL
Top alternative use upside
Commercial (general)
$845,000
+293.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.26M
Value range
$1.13M – $1.39M
±10% around blend
Estimated value / SF
$767 / SF
Confidence
Property data
75
Market benchmarks
67
Comparable evidence
60
$1.13M
blend $1.26M
$1.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,642 SF
Lot area
0.46 ac
Year built
1960
APN
444-01-04-0014
Assessed value
$37,524
Annual tax
$10,626
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.14M
Range $326k – $1.14M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 45 sales
$131
+485%
County 77 sales
$134
+474%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $767/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+293%
vs current-use indication
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
2.10%
Implied, in-place cap rate for this grocery and convenience stores
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
NOI (est.)
$88k *
Last sale · Jun 2024
$1.26M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.20M
Move the market yield to see immediate price impact.
Value / SF
$2,558
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.60%2.10%2.60%
$79k
$4.96M
$3.78M
$3.05M
$88k
$5.51M
$4.20M
$3.39M
$97k
$6.06M
$4.62M
$3.73M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,626
Tax year 2023
Assessed value
$37,524
Assessed 2023
Previous assessed
$37,524
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$16,834
Assessed improvement
$20,690
Land market value
$280,560
Improvement market value
$457,500
Total market value
$738,060
Applied tax rate
893.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
1,642 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C2
APN
444-01-04-0014
UPID
US77-1255102
Jurisdiction
HORRY
Zoning & alternative use
C2 · Surfside Beach, SCZoning C2 · permitted uses
C2 · Surfside Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
the restaurant use (C1, C2, C3, E, and MU), no outdoor bars for the service of alcohol shall be permitted. d. Any restaurant use with open or outdoor dining shall be further subject to the requirements imposed by this Co…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
0.46 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C2
COMMERCIAL
Jurisdiction
Surfside Beach, SC
Recorded code
C2
Official district
C2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C2 in Surfside Beach, SC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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