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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Grocery and convenience stores
7407 Hwy 905 Loris, SC 29569
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-2069039
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1990
Construction
METAL FRAME
Total area
11,580 SF
Lot
1.86 ac (81,022 SF)
Zoning code
RZ
APN
300-08-02-0007
UPID
US77-2069039
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
by Request
Comparable Approach
Comparable
$789k
Blend (final)
Blend
$765k
Owner & transaction history
Ruwan Gunawansa · 2 yrs held
Ruwan Gunawansa
since 2023
Last sale
$46,854
7 recorded transactions
Zoning & alternative use
RZ · Loris, 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 Loris submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Loris 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
RETAIL STORES
$895,000
Current use
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $47k (Nov 27 2023)
Last sale anchor
$47k
Nov 27 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
$66 / 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
$7,262
Tax year 2023
Assessed value
$28,214
Assessed 2023
Previous assessed
$28,214
+0.0% YoY
Effective rate
25.74%
On assessed value
Assessed land
$3,850
Assessed improvement
$24,364
Land market value
$80,910
Improvement market value
$593,300
Total market value
$674,210
Applied tax rate
240.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1990
Construction
METAL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
11,580 SF
Lot
1.86 ac (81,022 SF)
Zoning code
RZ
APN
300-08-02-0007
UPID
US77-2069039
Jurisdiction
HORRY
Zoning & alternative use
RZ · Loris, SCZoning RZ · permitted uses
RZ · Loris, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$895,000
RETAIL STORES Current
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
1990
Construction
METAL FRAME
Heating
SOLAR
Cooling
Yes
Lot
1.86 ac
Current owner
From public records · entity-resolved
Ruwan Gunawansa
Individual
Free & Clear · 2 yrs held
Mailing address
7407 S HWY 905, LONGS, SC 29568-6736
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2023
$46,854
Ruwan Gunawansa
Re Vitalized Properties LLC
Warranty Deed
—
Mar 8, 2017
$400,000
Red Bluff Holdings LLC
Foreclosed Assets Sales
Grant Deed
related
—
Nov 18, 2011
$1,400,000
Horry Cnty St Bk
Ronnie L King
Deed In Lieu Of Foreclosure
related
—
Apr 27, 2005
$2,000
King,ronnie L
South Carolina Dept Of Transporta
Quit Claim Deed
related
—
Dec 3, 2004
$500,000
King,ronnie L
Branton Properties 1 LLC
Grant Deed
$850,000 · Horry Cnty St Bk
Jan 2, 2001
—
Branton Inv LLC
—
Deed Of Trust
related
—
Dec 31, 2000
—
Branton, Annette C Tr
—
Trustees Deed
related
—
—
—
King,ronnie L
—
Deed Of Trust
related
$900,000 · Horry Cnty St Bk
—
—
King,ronnie L
—
Deed Of Trust
related
$938,000 · Horry Cnty St Bk
—
—
King,ronnie L
—
Deed Of Trust
related
$1,400,000 · Horry Cnty St 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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