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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
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
$525k
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
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
$525k
Range $473k – $578k · ±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
$245 / 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, SC
Zoning HC · permitted uses
HC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
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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