Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    670 Hwy 544 Conway, SC 29526-9541
    Back to Search
    Property profile & analytics

    670 Hwy 544, Conway, SC 29526-9541

    View on Map
    • Garden apartment buildings
    • 93,080 SF
    • 8.00 lot acres
    Off-Market
    Last Sale Dec 7, 2021
    $15,924,892
    Property ID
    US77-1305924
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $15,200,000
    Show details
    Cap Rate Potential
    3.4%
    Garden apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 670 Hwy 544

    Year built
    2012
    Lot size
    8.00 lot acres
    Zone code
    HC
    Property type
    Garden apartment buildings
    APN
    382-05-01-0010
    APU
    38205010010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2021 $15,924,892 W2c Fifteen LLC Comm 2013ccre12 Highway 544 LLC Warranty Deed $11.2M · Southstate Bank
    Oct 4, 2013 — Coastal 544 Ventures LLC Monarch 544 LLC Grant Deed · related $23.6M · Cantor Com'l R/e Lndg
    Oct 18, 2011 $1,920,000 Monarch 544 LLC Farrar Family LP Grant Deed —
    Feb 11, 2004 $355,000 Farrar Family LP — Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $15,740,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,320,000
      6.5%
      $13,220,000
      7%
      $12,275,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0211
    Latitude
    33.7989
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $426,123
    $124,800
    $1,441,830
    $1,566,630
    -
    $2,080,000
    $24,030,500
    $26,110,500

    Comparable in this City

    • Value Estimation
      $1,450,000
      14,520 SF

      105 Quail Crk Vlg Ave

      GARDEN APT, COURT APT (5+ UNITS)
      105 Quail Crk Vlg Ave, Conway, SC 29526
      View Details
    • Value Estimation
      $800,000
      7,544 SF

      1204 12th Ave, Unit C1

      GARDEN APT, COURT APT (5+ UNITS)
      1204 12th Ave, Conway, SC 29526-3447
      View Details
    • Value Estimation
      $885,000
      6,784 SF

      1002 Pine St Sta, Unit A

      GARDEN APT, COURT APT (5+ UNITS)
      1002 Pine St Sta, Conway, SC 29526-3411
      View Details
    • Value Estimation by Request
      1,425 SF

      Causey Rd

      GARDEN APT, COURT APT (5+ UNITS)
      Causey Rd, Conway, SC 29526
      View Details
    • Value Estimation by Request
      776 SF

      1511 Hicks Cir

      GARDEN APT, COURT APT (5+ UNITS)
      1511 Hicks Cir, Conway, SC 29526-8693
      View Details
    • Value Estimation
      $2,540,000
      16,884 SF

      Conway, SC 29526

      GARDEN APT, COURT APT (5+ UNITS)
      Conway, SC 29526
      View Details

    Similar Nearby for Sale

    • $370,000
      2,400 SF

      Two Homes, One Great Location

      Two homes in Conway, SC, ideal for investment or living.
      1015-1017 Franks Ln, Conway, SC 29526
      View Details
    • Contact for pricing

      Highway 501 Commercial Asset

      High-visibility commercial property with diverse income streams on 1.13 acres.
      4580 Highway 501 W, Conway, SC 29526
      View Details
    • Contact for pricing
      0.57 Acres

      Residential Lot in Conway, SC

      Undeveloped residential lot in Conway, South Carolina.
      314 Cypress Flat Ct, Conway, SC 29526
      View Details
    • $3,000,000
      1.13 Acres

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 Highway 501 W, Conway, SC 29526
      View Details
    • $950,000

      Conway Land with Existing Building

      8.84 +/- acres zoned RE-4 in Conway, South Carolina.
      2160 Cultra Rd, Conway, SC 29526
      View Details
    • $7,000,000
      101.51 Acres

      Prime Development Land in Conway

      101-acre development opportunity near Myrtle Beach.
      101 Acres Old Hwy 90, Conway, SC 29526
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Versatile Commercial Space with Kitchen

      5000 SF commercial space with kitchen facility for rent.
      7297 Highway 905, Conway, SC 29526
      View Details
    • $16 SF/Yr

      Downtown Conway Office Space

      Turn-key office space near government offices and downtown amenities.
      205 Beaty St, Conway, SC 29526
      View Details
    • $650 /Mo

      Highway 501 Retail Space

      Retail space for lease on high-traffic Highway 501.
      1203 Highway 501, Conway, SC 29526
      View Details
    • Contact for pricing
      12,000 SF

      Conway Warehouse and Office Space

      Warehouse and office space available for lease in Conway.
      1603 16Th Ave, Conway, SC 29526
      View Details
    • Contact for pricing

      Industrial Lot with Office, Warehouse

      Industrial lot featuring office trailer and warehouse near Highway 90.
      4182 Tilly Swamp Rd, Conway, SC 29526
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Conway, South Carolina.
      5730 Sc-90, Conway, SC 29526
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    670 Hwy 544
    Conway, SC 29526-9541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    670 Hwy 544, Conway, SC, 29526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!