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Property profile & analytics
OFF-MARKET
Estimated value
$1,460,000
Warehouses
741 Commerce Pl Myrtle Beach, SC 29577-6595
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US77-2953589
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
8,500 SF
Lot
4.91 ac (213,880 SF)
Zoning code
C-3
APN
425-10-03-0029
UPID
US77-2953589
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
-
Calvary Fellowship Church Church
-
Cruise Planners Travel Agency Tour Operator
-
USA Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.04M
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$1.46M
Owner & transaction history
Industrial Management Svcs INC · 16 yrs held
Industrial Management Svcs INC
since 2010
6 recorded transactions
Zoning & alternative use
C-3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+88.8%
Office building
$2.1M
+62.3%
Restaurant
$2.0M
+53.8%
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%
$2,205,000
6.5%
$2,040,000
7%
$1,890,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,280,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,415,000
Change: +89% · Conversion: Difficult
OFFICE BUILDING
$2,075,000
Change: +62% · Conversion: Difficult
RESTAURANT
$1,965,000
Change: +54% · Conversion: Difficult
RETAIL STORES
$1,520,000
Change: +19% · Conversion: Moderate
Blend value · Realmo final
$1.46M
Range $1.31M – $1.61M · ±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
$172 / 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
$17,987
Tax year 2023
Assessed value
$65,844
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$38,734
Assessed improvement
$27,110
Land market value
$645,560
Improvement market value
$560,000
Total market value
$1,205,560
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
1990
Heating
SOLAR
Cooling
CENTRAL
Total area
8,500 SF
Lot
4.91 ac (213,880 SF)
Zoning code
C-3
APN
425-10-03-0029
UPID
US77-2953589
Jurisdiction
HORRY
Zoning & alternative use
C-3 · Myrtle Beach, SC
Zoning C-3 · permitted uses
C-3 · 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
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.5M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1990
Heating
SOLAR
Cooling
Yes
Lot
4.91 ac
Current owner
From public records · entity-resolved
Industrial Management Svcs INC
Entity
Mailing address
PO BOX 1946, MYRTLE BEACH, SC 29578-1946
Ownership since
2010
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
Apr 29, 2016
—
Industrial Mgmt Svcs INC
—
Grant Deed
related
$1,800,000 · South Atlantic Bk
Mar 3, 2010
—
Industrial Management Svcs INC
Jeffery S Rogers JR.
Grant Deed
related
$2,600,000 · Beach First Nat'l Bk
Jan 22, 2007
$1,000,000
Rogers,jeffrey S JR
Brumfield Seaboard Two LLC
Grant Deed
$755,000 · Crescent Bk
Apr 1, 2004
—
Brumfield Seaboard Two LLC
Brumfield,stephen A
Quit Claim Deed
related
—
Jun 11, 2002
$660,000
Stephen A Brumfield
—
Grant Deed
—
—
—
Brumfield Seaboard Two LLC
—
Deed Of Trust
related
$150,000 · Coastal Fed'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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