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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Medical Office Space
703 17th S Ave North Myrtle Beach, SC 29582
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1900306
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
CONCRETE
Total area
2,453 SF
Lot
0.39 ac (16,988 SF)
Zoning code
NC
APN
357-10-03-0038
UPID
US77-1900306
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
$910k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$690k
Blend (final)
Blend
$740k
Owner & transaction history
Beach Homes Of Nmb LLC · 3 yrs held
Beach Homes Of Nmb LLC
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
NC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Sec. 23-23. - NC Neighborhood Commercial District. (1) Purpose: To establish areas for those commercial facilities which are useful in close proximity to residential areas and areas for employment activity and service to the public which do not materially detract from nearby residential areas. (2) Permitted uses: Within the NC District, a building or lot sha…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
39.62 ac
Source
code of ordinances
Top alternative use upside
Commercial (general)
$950,000
+28.3%
Retail stores
$900,000
+22.0%
Auto repair, garage
$775,000
+5.0%
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$870,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$740,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: +28% · Conversion: Easy
RETAIL STORES
$900,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$775,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $700k (Jun 9 2023)
Last sale anchor
$700k
Jun 9 2023
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
$302 / 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
$4,389
Tax year 2023
Assessed value
$19,139
Assessed 2023
Previous assessed
$19,139
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$9,157
Assessed improvement
$9,982
Land market value
$162,450
Improvement market value
$238,000
Total market value
$400,450
Applied tax rate
550.0000
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
1996
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
2,453 SF
Lot
0.39 ac (16,988 SF)
Zoning code
NC
APN
357-10-03-0038
UPID
US77-1900306
Jurisdiction
HORRY
Zoning & alternative use
NC · North Myrtle Beach, SCZoning NC · permitted uses
NC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Sec. 23-23. - NC Neighborhood Commercial District. (1) Purpose: To establish areas for those commercial facilities which are useful in close proximity to residential areas and areas for employment activity and service to the public which do not materially detract from nearby residential areas. (2) Permitted uses: Within the NC District, a building or lot shall be used only for the following purposes: (a) Professional offices such as business, financial, doctor, dentist, real estate. (b) Neighborhood convenience stores, not to include gas pumps, car wash, and auto related services. (c) Child care centers. (d) Barbershops, beauty shops. (e) Bookstores. (f) Single-family detached dwellings. (g) Zero lot line, single-family detached developments, as provided in
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
39.62 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES
Est. value
$900,000
AUTO REPAIR, GARAGE
Est. value
$775,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1996
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.39 ac
Current owner
From public records · entity-resolved
Beach Homes Of Nmb LLC
Entity
Mailing address
1525 S OCEAN BLVD, NORTH MYRTLE BEACH, SC 29582-3933
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
$700,000
Beach Homes Of Nmb LLC
Melody C Young
Warranty Deed
$498,000 · Synovus Bank
Aug 20, 2021
—
Melody C Young
—
Deed
related
$375,000 · South Atlantic Bank
—
—
Young,melody C
—
Deed Of Trust
related
$565,000 · Horry Cnty St Bk
—
—
Melody C Young
—
Deed Of Trust
related
$472,000 · Branch Bk&tr
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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