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Property profile & analytics
OFF-MARKET
Warehouses
7481 Enterprise Rd Myrtle Beach, SC 29588
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1725755
Property summary
AI-generated overview
This exceptional 5.53-acre industrial property in Myrtle Beach, South Carolina, presents a lucrative investment opportunity. Located at 7481 Enterprise Rd., 29588, this site boasts 505 feet of road frontage and readily available utilities, including electricity, water, and sewer access at the roadside. Currently generating income with 20 fully rented 10x10 storage units, this property offers immediate cash flow and significant upside potential. The land's size and location provide ample room for expansion or redevelopment, catering to a variety of commercial or industrial uses. The asking price is $2,500,000. Note that the square footage is approximate and requires verification by the buyer. This is a rare chance to acquire a well-situated, income-producing property in a growing market. Don't miss this opportunity to capitalize on the strong demand for industrial space in the Myrtle Beach area. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2007
Construction
STEEL FRAME
Total area
2,000 SF
Lot
9.97 ac (434,293 SF)
Zoning code
R1
APN
439-15-04-0019
UPID
US77-1725755
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert H Stone · 2 yrs held
Robert H Stone
since 2024
2 recorded transactions
Zoning & alternative use
R1 · Myrtle Beach, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,843
Tax year 2023
Assessed value
$52,878
Assessed 2023
Effective rate
22.40%
On assessed value
Assessed land
$48,973
Assessed improvement
$3,905
Land market value
$2,447,310
Improvement market value
$81,400
Total market value
$2,528,710
Applied tax rate
630.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Total area
2,000 SF
Lot
9.97 ac (434,293 SF)
Zoning code
R1
APN
439-15-04-0019
UPID
US77-1725755
Jurisdiction
HORRY
Zoning & alternative use
R1 · Myrtle Beach, SC
Zoning R1 · permitted uses
R1 · 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.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Lot
9.97 ac
Current owner
From public records · entity-resolved
Robert H Stone
Individual
Free & Clear · 2 yrs held
Mailing address
7689 ENTERPRISE RD, MYRTLE BEACH, SC 29588-7142
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2024
—
Robert H Stone
Robert H Stone
Warranty Deed
related
—
Feb 22, 2013
—
H Boyd
Boyd Martin H
Quit Claim Deed
related
—
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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