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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Medical Office Space
834 Farrar Dr, Conway, SC 29526-8747
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
$850k
Owner & transaction history
Kathleen S Elms · 6 yrs held
Kathleen S Elms
since 2020
4 recorded transactions
Zoning & alternative use
R-4 · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$935,000
7%
$865,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,220,000
Current use
AUTO REPAIR, GARAGE
$1,280,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$210 / 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
$7,716
Tax year 2023
Assessed value
$34,833
Assessed 2023
Effective rate
22.15%
On assessed value
Assessed land
$10,483
Assessed improvement
$24,350
Land market value
$177,250
Improvement market value
$585,500
Total market value
$762,750
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
4,056 SF
Lot
0.58 ac (25,265 SF)
Zoning code
R-4
APN
401-04-04-0002
UPID
US77-1830864
Jurisdiction
HORRY
Zoning & alternative use
R-4 · Conway, SC
Zoning R-4 · permitted uses
R-4 · 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
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.3M
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.58 ac
Current owner
From public records · entity-resolved
Kathleen S Elms
Individual
Mailing address
834 FARRAR DR, CONWAY, SC 29526-8747
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2020
—
Kathleen S Elms
—
Deed
related
$450,000 · Coastal Carolina Nat'l Bk
—
—
Elms,kathleen S
—
Deed Of Trust
related
$900,000 · Coastal Carolina Nat'l Bk
—
—
Elms,kathleen S
—
Deed Of Trust
related
$377,500 · Branch Bk&tr
—
—
Kathleen S Elms
—
Deed Of Trust
related
$450,000 · Coastal Carolina Nat'l 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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