790 Commerce Pl Myrtle Beach, SC 29577-6540
Entity Owned
6-yr Hold
~
Est. High Equity
Estimated value (blended)
$480k
Range $432k – $528k (±10%)
Property ID
US77-0709887
Property summary
AI-generated overview
This exceptional 4,508-square-foot property, located at 790 Commerce Place in Myrtle Beach, South Carolina (Horry County), offers a unique blend of office and warehouse space ideal for a single tenant. The building is situated within the Seaboard Industrial Park, providing convenient access to major transportation routes. The property features a generous amount of parking, catering to both employees and clients. A significant advantage is the inclusion of an overhead door, facilitating easy loading and unloading of goods. Furthermore, the property boasts a dedicated outside storage area, providing additional space for inventory or equipment. The property type is classified as Office and Industrial, with subtypes of Traditional Office and Warehouse. The address is 790 Commerce Place, which intersects with Enterprise Avenue. The zip code is 29577. This single-tenant occupancy presents a rare opportunity to secure a well-appointed and functional space in a desirable industrial park setting. The property's combination of office and warehouse space, ample parking, and convenient location makes it an attractive option for a variety of businesses. The presence of an overhead door and outside storage area further enhances its practicality and versatility.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
CONCRETE
Total area
10,950 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C9
APN
425-10-03-0016
UPID
US77-0709887
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
-
Kitchen & Bath Showroom Hardware & Home Improvement
-
Hardware & Home Improvement
-
Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$480k
Owner & transaction history
since 2019
4 recorded transactions
Zoning & alternative use
C9 · Myrtle Beach, SC
Top alternative use upside
Retail stores
$2.0M
+19.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$480k
Value range
$432k – $528k
±10% around blend
Estimated value / SF
$44 / SF
Confidence
Low
4 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
40
$432k
blend $480k
$528k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,950 SF
Lot area
0.8 ac
Year built
1988
APN
425-10-03-0016
Assessed value
$34,478
Annual tax
$9,420
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$852k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.0 mi away · 8,000 SF
15.8 mi away · 9,000 SF
28.8 mi away · 8,424 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$480k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 35 sales
$150
-71%
Submarket 82 sales
$157
-72%
County 154 sales
$183
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $44/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+19%
vs current-use indication
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$34k
Move the market yield to see immediate price impact.
Value / SF
$3
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$43k
$31k
$24k
$2k
$48k
$34k
$27k
$3k
$53k
$38k
$29k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$800k
2.2 mi · Sep 2025 · $63/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,420
Tax year 2023
Assessed value
$34,478
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$8,408
Assessed improvement
$26,070
Land market value
$140,130
Improvement market value
$434,500
Total market value
$574,630
Applied tax rate
880.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
10,950 SF
Lot
0.8 ac (34,848 SF)
Zoning code
C9
APN
425-10-03-0016
UPID
US77-0709887
Jurisdiction
HORRY
Zoning & alternative use
C9 · Myrtle Beach, SCZoning C9 · permitted uses
C9 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C9
Jurisdiction
Myrtle Beach, SC
Recorded code
C9
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C9 in Myrtle Beach, SC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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