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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Office buildings
8028 Myrtle Trce Dr Conway, SC 29526-8945
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1763922
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
5,246 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HC
APN
383-15-04-0004
UPID
US77-1763922
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
-
Dr. Jonathan J. Ply, MD Ophthalmologist
-
Kelle Siegmund Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$930k
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$785k
Owner & transaction history
Clinical Property Holdings LLC · 4 yrs held
Clinical Property Holdings LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
HC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+43.0%
Retail stores
$990,000
+26.6%
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
$845,000
ML approach
$930,000
CAP Approach
CAP Return
Estimation
6%
$1,140,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$780,000
Current use
WAREHOUSE, STORAGE
$1,115,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$990,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$785k
Range $707k – $864k · ±10% · vs last sale $600k (Apr 1 2022)
Last sale anchor
$600k
Apr 1 2022
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
$150 / 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
$7,890
Tax year 2023
Assessed value
$27,002
Assessed 2023
Previous assessed
$27,002
+0.0% YoY
Effective rate
29.22%
On assessed value
Assessed land
$8,924
Assessed improvement
$18,078
Land market value
$148,740
Improvement market value
$301,300
Total market value
$450,040
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Heating
SOLAR
Cooling
CENTRAL
Total area
5,246 SF
Lot
0.49 ac (21,344 SF)
Zoning code
HC
APN
383-15-04-0004
UPID
US77-1763922
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
OFFICE BUILDING Current
Est. value
$780,000
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$990,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1983
Heating
SOLAR
Cooling
Yes
Lot
0.49 ac
Current owner
From public records · entity-resolved
Clinical Property Holdings LLC
Entity
Mailing address
3911 FRONTAGE RD, MURRELLS INLET, SC 29576
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$600,000
Clinical Property Holdings LLC
Lendr LLC
Warranty Deed
$2,660,000 · Carolina Trust Federal Credit Union
Mar 3, 2021
—
Lendr LLC
Clinical Property Holdings LLC
Warranty Deed
—
Dec 11, 2019
—
Clinical Prop Hldgs
—
Deed
related
$127,469 · Joan Solheim
Feb 26, 2019
—
Clinical Prop Hldgs LLC
Ply Fam Ptshp LLC
Warranty Deed
related
$3,000,000 · 1255 Lender LLC
Jan 4, 2019
—
Ply Fam Ptshp
—
Deed
related
$3,000,000 · Jonathan & Kathleen Ply
Feb 1, 2018
—
Ply Family Ptshp LLC
Ply Family Ptshp
Quit Claim Deed
related
—
Dec 15, 2003
$380,000
Ptrs Ply
—
Grant Deed
related
—
—
—
Ply Fam Ptshp LLC
—
Deed Of Trust
related
$3,000,000 · 1255 Lender LLC
—
—
Ply Fam Ptshp
—
Deed Of Trust
related
$3,000,000 · Jonathan & Kathleen Ply
—
—
Clinical Prop Hldgs
—
Deed Of Trust
related
$127,469 · Joan Solheim
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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