Property profile

777 Commerce Pl Myrtle Beach, SC 29577

OFF-MARKET
Warehouses
Property ID
US77-1410724
5,880 SF 0.85 ac lot Built 1987
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1987
Construction STEEL FRAME
Total area 5,880 SF
Lot 0.85 ac (37,026 SF)
Zoning code C9
APN 425-10-03-0031
UPID US77-1410724

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

777 Commerce Pl Myrtle Beach, SC 29577
Myrtle Beach metro Census 50600 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$510k

Owner & transaction history

since 2019
7 recorded transactions
2019
$445,000
2018
Price N/A
2016
$345,000
2016
Price N/A
2012
$310,000
2002
Price N/A
2002
$305,000

Zoning & alternative use

C9 · Myrtle Beach, SC
Top alternative use upside
Office building $1.4M +62.3%
Restaurant $1.4M +53.8%
Retail stores $1.1M +19.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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