New search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Turn key restaurants
7025 Kings Hwy Myrtle Beach, SC 29572-3024
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1850691
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Construction
CONCRETE
Total area
6,224 SF
Lot
1.42 ac (61,855 SF)
Zoning code
PUD
APN
421-05-01-0005
UPID
US77-1850691
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
-
Outback Steakhouse Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$671k
Blend (final)
Blend
$580k
Owner & transaction history
Seaboard Commons Holdings LLC · 15 yrs held
Seaboard Commons Holdings LLC
since 2010
5 recorded transactions
Zoning & alternative use
PUD · 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
by Request
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$93 / 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
$22,503
Tax year 2023
Assessed value
$82,373
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$53,779
Assessed improvement
$28,594
Land market value
$920,000
Improvement market value
$680,000
Total market value
$1,600,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Total area
6,224 SF
Lot
1.42 ac (61,855 SF)
Zoning code
PUD
APN
421-05-01-0005
UPID
US77-1850691
Jurisdiction
HORRY
Zoning & alternative use
PUD · Myrtle Beach, SC
Zoning PUD · permitted uses
PUD · 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.
Building & site characteristics
From public records
Year built
1993
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Seaboard Commons Holdings LLC
Entity
Free & Clear · 15 yrs held
Mailing address
8800 MARINA PKWY, MYRTLE BEACH, SC 29572-8101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 6, 2017
—
Seaboard Commons Holdings LLC
—
Deed
related
$197,000 · Miscellaneous Ins Co
Sep 14, 2010
—
Seaboard Commons Holdings LLC
—
Grant Deed
related
$19,700,000 · Miscellaneous Ins Co
Jul 28, 2010
—
Seaboard Commons Holdings LLC
Myrtle Beach Farms Co INC
Grant Deed
related
—
Jul 7, 2009
—
Myrtle Beach Farms Co INC
—
Grant Deed
related
$33,090,396 · Wachovia Bk
—
—
Seaboard Commons Holdings LLC
—
Loan Modification
related
$197,000 · Miscellaneous Ins Co
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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