Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Commercial land
801 12th S Ave North Myrtle Beach, SC 29582-3765
Individually Owned
1-yr Hold
Free & Clear
Property ID
US77-0394089
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1970
Total area
1,685 SF
Lot
0.32 ac (13,939 SF)
Zoning code
H-C
APN
357-12-01-0074
UPID
US77-0394089
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
-
SC Beach Real Estate Real Estate Agency
-
The Willis Team Real Estate Agency
-
Nation One Mortgage – Southeast Division Loan Service Bank
-
Coastal Strand Realty Real Estate Agency
-
Gary Clark - RE/MAX Executive Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$464k
Blend (final)
Blend
$770k
Owner & transaction history
Jared T Watkins · 1 yrs held
Jared T Watkins
since 2024
Last sale
$770,000
7 recorded transactions
Zoning & alternative use
H-C · North 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$770,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
RETAIL STORES
$620,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$535,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±10% · vs last sale $770k (Sep 11 2024)
Last sale anchor
$770k
Sep 11 2024
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
$457 / 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
$9,532
Tax year 2023
Assessed value
$11,760
Assessed 2023
Previous assessed
$11,760
+0.0% YoY
Effective rate
81.05%
On assessed value
Assessed land
$11,760
Land market value
$196,000
Total market value
$196,000
Applied tax rate
550.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1970
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
1
Total area
1,685 SF
Lot
0.32 ac (13,939 SF)
Zoning code
H-C
APN
357-12-01-0074
UPID
US77-0394089
Jurisdiction
HORRY
Zoning & alternative use
H-C · North Myrtle Beach, SC
Zoning H-C · permitted uses
H-C · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
RETAIL STORES
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$535,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1970
Heating
SOLAR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Jared T Watkins
Individual
Free & Clear · 1 yrs held
Mailing address
801 12TH AVE S, NORTH MYRTLE BEACH, SC 29582-3765
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$770,000
Jared T Watkins
Cox One Aom LLC
Warranty Deed
—
Sep 11, 2024
—
Turtle Groove LLC
Jared T Watkins
Warranty Deed
—
Dec 1, 2022
$650,000
Cox One Aom LLC
Larry H Willis
Warranty Deed
$450,000 · Larry And Linda Willis
Nov 8, 2016
$118,000
Larry H Willis
Peter A Tibbitts
Warranty Deed
$400,000 · Sandhills Bk
Mar 23, 2012
$120,000
Tibbitts,peter A & Sharon P
Olga Obear
Warranty Deed
—
Aug 28, 2009
—
Obear,olga
Legis & Scooby Holdings LLC
Warranty Deed
related
—
Apr 10, 2007
$380,000
Legis & Scooby Holdings LLC
Olga Obear
Warranty Deed
related
$300,000 · Olga Obear
May 18, 2000
—
Schmitt Olga Hayes
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 801 12th S Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
