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Property profile & analytics
OFF-MARKET Estimated value $360,000
Medical Office Space

834 Farrar Dr Conway, SC 29526-8747

4,056 SF 0.58 ac lot Built 1999
Individually Owned 6-yr Hold ~ Est. High Equity
Property ID
US77-1830864
Property summary
AI-generated overview

This exceptional 5,105-square-foot medical office building is situated at 834 Farrar Drive in Conway, South Carolina, within the thriving Rivertown Medical Park. Built in 1999, this two-story property boasts an efficient floor plan designed to accommodate a group practice. The building features a convenient covered drop-off area for patient accessibility. The 0.6-acre lot is zoned OPI in Horry County (APN: 40104040002) and offers a single-tenant occupancy. Its strategic location benefits from proximity to Conway Medical Center, Coastal Carolina University, and Horry Georgetown Technical College, capitalizing on the growing populations of Conway and Carolina Forest. The surrounding Rivertown Medical Park is home to a cluster of established medical practices, including Fresenius Kidney Care, Coastal Kidney Center, Coastal Cancer Center, SC Pain & Spine Specialists, and Conway Medical Center offices, creating a strong medical ecosystem. This property presents a unique opportunity for medical professionals seeking a well-located, established space within a thriving medical community. The building's size and amenities make it an ideal location for a variety of medical practices. The property's zip code is 29526.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Construction CONCRETE
Total area 4,056 SF
Lot 0.58 ac (25,265 SF)
Zoning code R-4
APN 401-04-04-0002
UPID US77-1830864
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
  • Donna P. Evans, NP Physician
  • Youness Hussein, MD Physician Medical Clinic
  • Sivanthan Balachandran, MD Physician Medical Clinic
  • Coastal Kidney Center Pa Physician Medical Clinic
  • Maryam Gondal, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$935k
Comparable Approach Comparable
$676k
Blend (final) Blend
$360k
Owner & transaction history
Kathleen S Elms · 6 yrs held
Kathleen S Elms
since 2020
4 recorded transactions
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
R-4 · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Auto repair, garage $1.3M +5.0%
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