OFF-MARKET
Turn key restaurants
Entity Owned
11-yr Hold
Free & Clear
Entity Owned Property summary
AI-generated overview
Salt Water Grille is a restaurant property located in Longs, South Carolina, along the Hwy 22/Hwy 90 corridor. The building is just under 5,000 square feet and has approximately 150 feet of frontage on Hwy 90, with ample on-site parking. The interior includes a commercial kitchen equipped with two large walk-in coolers and a range of commercial cooking and service equipment. The property has been used as a restaurant serving both lunch (with the exception of Saturdays, per the prior operating schedule) and dinner daily, and it included a lunch buffet alongside a full dinner menu. The site is positioned within about 10 minutes of Main Street in North Myrtle Beach and the Tanger Outlets along Hwy 17.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
4,994 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MR4
APN
346-01-03-0031
UPID
US77-1459033
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
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$495k
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
MR4 · Longs, SC
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$495k
Value range
$446k – $545k
±10% around blend
Estimated value / SF
$99 / SF
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$446k
blend $495k
$545k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,994 SF
Lot area
0.86 ac
Year built
2008
APN
346-01-03-0031
Assessed value
$22,226
Annual tax
$5,271
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$495k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 100 sales
$351
-72%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $99/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
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.
17% off on annual
Unlock the complete Cap Rate workflow
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
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$22k
Move the market yield to see immediate price impact.
Value / SF
$4
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
5.00%7.00%9.00%
$1k
$28k
$20k
$16k
$2k
$31k
$22k
$17k
$2k
$34k
$24k
$19k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,271
Tax year 2023
Assessed value
$22,226
Assessed 2023
Previous assessed
$22,226
+0.0% YoY
Effective rate
23.72%
On assessed value
Assessed land
$7,108
Assessed improvement
$15,118
Land market value
$224,770
Improvement market value
$576,700
Total market value
$801,470
Applied tax rate
500.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Heating
SOLAR
Cooling
CENTRAL
Total area
4,994 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MR4
APN
346-01-03-0031
UPID
US77-1459033
Jurisdiction
HORRY
Zoning & alternative use
MR4 · Longs, SCZoning MR4 · permitted uses
MR4 · Longs, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2008
Heating
SOLAR
Cooling
Yes
Lot
0.86 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MR4
Jurisdiction
Longs, SC
Recorded code
MR4
Ownership Intelligence
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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.
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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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