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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Warehouses
705 Seaboard St Myrtle Beach, SC 29577-6511
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US77-0860402
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
CONCRETE
Total area
22,696 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C-9
APN
425-10-01-0005
UPID
US77-0860402
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
-
MSS mechanical systems and services General Contractor Construction Company
-
Thompson Industrial Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.06M
Blend (final)
Blend
$3.21M
Owner & transaction history
Gilstar 615 Seaboard LLC · 11 yrs held
Gilstar 615 Seaboard LLC
since 2015
4 recorded transactions
Zoning & alternative use
C-9 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+53.8%
Retail stores
$4.1M
+19.0%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,415,000
Current use
RESTAURANT
$5,250,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$4,060,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±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
$141 / 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
$25,364
Tax year 2023
Assessed value
$92,843
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$15,263
Assessed improvement
$77,580
Land market value
$254,390
Improvement market value
$1,293,000
Total market value
$1,547,390
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Total area
22,696 SF
Lot
1.46 ac (63,598 SF)
Zoning code
C-9
APN
425-10-01-0005
UPID
US77-0860402
Jurisdiction
HORRY
Zoning & alternative use
C-9 · Myrtle Beach, SC
Zoning C-9 · permitted uses
C-9 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.4M
RESTAURANT
Est. value
$5.3M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
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
1979
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Buildings
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
Gilstar 615 Seaboard LLC
Entity
Mailing address
2825 E COTTONWOOD PKWY, SALT LAKE CITY, UT 84121-7055
Ownership since
2015
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
Apr 3, 2018
—
Gilstar 615 Seaboard LLC
—
Deed
related
$3,500,000 · Branch Bk&tr
Apr 16, 2015
$1,290,000
Gilstar 615 Seaboard LLC
Seaboard Boulevard Group LLC
Warranty Deed
related
$1,032,000 · Td Bk NA
—
—
Gilstar 615 Seaboard LLC
—
Deed Of Trust
related
$3,500,000 · Branch Bk&tr
—
—
Seaboard Boulevard Group LLC
—
Deed Of Trust
related
$1,695,000 · Conway Nat'l Bk
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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