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Property profile & analytics
OFF-MARKET
Estimated value
$3,730,000
Turn key restaurants
804 Sea Mtn Hwy North Myrtle Beach, SC 29582
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-2052281
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2017
Total area
7,261 SF
Lot
0.75 ac (32,670 SF)
Zoning code
HC
APN
351-09-03-0001
UPID
US77-2052281
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$3.73M
Owner & transaction history
Marshfront Hldgs LLC · 5 yrs held
Marshfront Hldgs LLC
since 2020
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
HC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+17.6%
Commercial (general)
$2.8M
+10.2%
Retail stores
$2.7M
+4.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,550,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,000,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,810,000
Change: +10% · Conversion: Easy
RETAIL STORES
$2,670,000
Change: +5% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,295,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.36M – $4.10M · ±10% · vs last sale $3.00M (Dec 31 2020)
Last sale anchor
$3.00M
Dec 31 2020
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
$514 / 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
$32,453
Tax year 2023
Assessed value
$141,525
Assessed 2023
Previous assessed
$141,525
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$42,321
Assessed improvement
$99,204
Land market value
$705,350
Improvement market value
$1,653,400
Total market value
$2,358,750
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2017
Heating
SOLAR
Cooling
CENTRAL
Stories
1
Rooms
7
Bathrooms
2
Total area
7,261 SF
Lot
0.75 ac (32,670 SF)
Zoning code
HC
APN
351-09-03-0001
UPID
US77-2052281
Jurisdiction
HORRY
Zoning & alternative use
HC · North Myrtle Beach, SC
Zoning HC · permitted uses
HC · 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
RESTAURANT Current
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RESTAURANT Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2017
Heating
SOLAR
Cooling
Yes
Stories
1
Rooms
7
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Marshfront Hldgs LLC
Entity
Free & Clear · 5 yrs held
Mailing address
603 SEA MTN HWY, NORTH MYRTLE BEACH, SC 29582-2344
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
$3,000,000
Marshfront Hldgs LLC
Antonios 806 LLC
Warranty Deed
—
Aug 3, 2020
—
Antonios 806 LLC
—
Deed
related
$500,000 · South Atlantic Bk
Jun 27, 2018
—
Antonios 806 LLC
Antoine E Nachef
Quit Claim Deed
related
—
Jul 1, 2015
$395,000
Antoine E Nachef
Efi LLC
Grant Deed
—
Feb 4, 2015
$315,000
Efi LLC
Carolina Bk
Grant Deed
—
Nov 22, 2011
—
Carolina Bk
Ars Dev LLC
Grant Deed
related
—
Oct 10, 2005
$700,000
Ars Dev LLC
Thomas J Babb
Grant Deed
—
—
—
Ars Dev LLC
—
Deed Of Trust
related
$585,000 · Carolina Bk
—
—
Antonios 806 LLC
—
Deed Of Trust
related
$500,000 · 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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