Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
706 Kings Hwy Myrtle Beach, SC 29577-3747
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1882561
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
3,706 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C2
APN
444-01-04-0008
UPID
US77-1882561
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
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$1.30M
Owner & transaction history
City Of Myrtle Beach · 3 yrs held
City Of Myrtle Beach
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
C2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.1M
+220.6%
Auto repair, garage
$1.4M
+110.8%
Medical building
$1.1M
+68.4%
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%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,125,000
Change: +221% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,400,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$1,115,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$905,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.40M (Dec 15 2022)
Last sale anchor
$1.40M
Dec 15 2022
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
$351 / 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
$16,992
Tax year 2023
Assessed value
$30,017
Assessed 2023
Previous assessed
$30,017
+0.0% YoY
Effective rate
56.61%
On assessed value
Assessed land
$16,834
Assessed improvement
$13,183
Land market value
$280,560
Improvement market value
$290,500
Total market value
$571,060
Applied tax rate
893.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
SOLAR
Cooling
CENTRAL
Total area
3,706 SF
Lot
0.46 ac (20,038 SF)
Zoning code
C2
APN
444-01-04-0008
UPID
US77-1882561
Jurisdiction
HORRY
Zoning & alternative use
C2 · Myrtle Beach, SC
Zoning C2 · permitted uses
C2 · 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
COMMERCIAL (GENERAL)
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$905,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1981
Heating
SOLAR
Cooling
Yes
Lot
0.46 ac
Current owner
From public records · entity-resolved
City Of Myrtle Beach
Entity
Free & Clear · 3 yrs held
Mailing address
450 MEETING ST, CHARLESTON, SC 29403-5522
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2022
$1,400,000
City Of Myrtle Beach
Moneyline Properties LLC
Warranty Deed
—
Oct 11, 2016
—
Moneyline Properties LLC
—
Grant Deed
related
$1,891,776 · Wells Fargo Bk
Sep 22, 2011
$550,000
Moneyline Properties LLC
Daniel B Johnson
Grant Deed
—
Apr 18, 2003
$365,000
Daniel B Johnson
—
Grant Deed
related
—
—
—
Johnson,daniel B
—
Loan Modification
related
$353,350 · Rbc Centura Bk
—
—
Moneyline Properties LLC
—
Deed Of Trust
related
$864,000 · Rbc Bk (usa)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 706 Kings Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
