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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Medical Office Space
8020 Myrtle Trce Dr Conway, SC 29526-8945
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US77-0424264
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
2,144 SF
Lot
0.37 ac (16,117 SF)
Zoning code
HC
APN
383-15-04-0005
UPID
US77-0424264
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
-
Conway Podiatry Center PC Physician
-
Coastal Podiatry Associates Physician
-
Coastal Podiatry Associates: Parker William DPM Physician
-
Menn Joseph J DPM Physician
-
Coastal Podiatry Associates: Hamilton Scott A DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$530k
Owner & transaction history
Parker Holdings LLC · 21 yrs held
Parker Holdings LLC
since 2004
7 recorded transactions
Zoning & alternative use
HC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the HC District is to provide compatible locations to serve the automobile oriented commercial activities in harmony with major highway developments, reduce traffic congestions and to enhance the aesthetic atmosphere of the City.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
957.28 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$680,000
+5.0%
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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
$530,000
CAP Approach
CAP Return
Estimation
6%
$535,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Current use
AUTO REPAIR, GARAGE
$680,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$247 / 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
$4,023
Tax year 2023
Assessed value
$17,698
Assessed 2023
Effective rate
22.73%
On assessed value
Assessed land
$6,694
Assessed improvement
$11,004
Land market value
$113,180
Improvement market value
$264,200
Total market value
$377,380
Applied tax rate
100.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
HOT WATER
Cooling
CENTRAL
Total area
2,144 SF
Lot
0.37 ac (16,117 SF)
Zoning code
HC
APN
383-15-04-0005
UPID
US77-0424264
Jurisdiction
HORRY
Zoning & alternative use
HC · Conway, SCZoning HC · permitted uses
HC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the HC District is to provide compatible locations to serve the automobile oriented commercial activities in harmony with major highway developments, reduce traffic congestions and to enhance the aesthetic atmosphere of the City.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
957.28 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$680,000
MEDICAL BUILDING Current
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
2005
Heating
HOT WATER
Cooling
Yes
Lot
0.37 ac
Current owner
From public records · entity-resolved
Parker Holdings LLC
Entity
Mailing address
378 BLACKBERRY LN, MYRTLE BEACH, SC 29579-1815
Ownership since
2004
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
May 14, 2025
—
Parker Holdings LLC
—
Deed
related
$250,000 · Conway National Bank
May 20, 2020
—
Parker Hldgs LLC
—
Deed
related
$260,000 · South Atlantic Bk
Nov 22, 2004
—
Parker Holdings LLC
William L Parker
Quit Claim Deed
related
$336,512 · Conway Nat'l Bk
Sep 26, 2003
$132,000
William L Parker
—
Grant Deed
related
—
Dec 30, 1999
$80,000
Shamrock South LLC
—
Grant Deed
related
—
—
—
Parker Holdings LLC
—
Deed Of Trust
related
$377,800 · Conway Nat'l Bk
—
—
Parker Holdings LLC
—
Deed Of Trust
related
$92,200 · Conway Nat'l Bk
—
—
Parker Hldgs LLC
—
Deed Of Trust
related
$260,000 · South Atlantic 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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