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Property profile & analytics
OFF-MARKET
Estimated value
$9,665,000
Office buildings
8733 Hwy 17th S Byp Myrtle Beach, SC 29575-7711
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1961070
Property summary
AI-generated overview
This exceptional investment opportunity presents a fully occupied, 39,900 square foot fitness center in Surfside Beach, South Carolina. Located at 8733 Hwy 17 Bypass, Bldg. 300, this Class B, single-story building boasts a prime location with marquis signage on Highway 17 and ample parking. The property, built in 1993 and extensively renovated in 2024, features a newly remodeled main fitness area, updated bathrooms, dedicated fitness class rooms, a boxing room, and new LED lighting throughout. The current tenant, operating under a triple net (NNN) lease, has nine years remaining on their lease, ensuring consistent income. The property is zoned GC and includes convenient dock-high loading docks. Additional income streams are generated from on-site vendors, enhancing the overall return on investment. With 100% occupancy and a total asking price of $640,000 ($16.04 per square foot), this property represents a significant opportunity to acquire a premier fitness center in the thriving Lowcountry market. The APN is 45800000011. This is a multi-tenant property.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
CONCRETE
Total area
38,032 SF
Lot
14.52 ac (632,491 SF)
Zoning code
HC
APN
458-00-00-0011
UPID
US77-1961070
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. Mitch Kahn, Chiropractor Myrtle Beach SC Alternative Medicine Practice
-
vival Corporate Office
-
HughesNet Telecommunications Service Data Center
-
Sports Evolution South LLC Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.97M
CAP Approach
CAP
$7.64M
Comparable Approach
Comparable
$6.69M
Blend (final)
Blend
$9.67M
Owner & transaction history
Rl Surfside 17 LLC · 3 yrs held
Rl Surfside 17 LLC
since 2022
Last sale
$9.0M
1 recorded transaction
Zoning & alternative use
HC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$14.3M
+180.4%
Medical building
$11.5M
+124.0%
Retail stores
$7.7M
+51.0%
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 Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$12,705,000
ML approach
$12,970,000
CAP Approach
CAP Return
Estimation
6%
$8,275,000
6.5%
$7,640,000
7%
$7,095,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$14,345,000
Change: +180% · Conversion: Difficult
MEDICAL BUILDING
$11,460,000
Change: +124% · Conversion: Easy
RETAIL STORES
$7,725,000
Change: +51% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,985,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$9.67M
Range $8.70M – $10.63M · ±10% · vs last sale $9.00M (Oct 6 2022)
Last sale anchor
$9.00M
Oct 6 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
$254 / 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
$254,747
Tax year 2023
Assessed value
$721,474
Assessed 2023
Previous assessed
$721,474
+0.0% YoY
Effective rate
35.31%
On assessed value
Assessed land
$170,930
Assessed improvement
$550,544
Land market value
$5,997,950
Improvement market value
$13,079,400
Total market value
$19,077,350
Applied tax rate
600.0000
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
1993
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
3
Total area
38,032 SF
Lot
14.52 ac (632,491 SF)
Zoning code
HC
APN
458-00-00-0011
UPID
US77-1961070
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$14.3M
MEDICAL BUILDING
Est. value
$11.5M
RETAIL STORES
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$6.0M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1993
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
3
Lot
14.52 ac
Current owner
From public records · entity-resolved
Rl Surfside 17 LLC
Entity
Mailing address
PO BOX 15909, SURFSIDE BEACH, SC 29587-5909
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
$9,000,000
Rl Surfside 17 LLC
South End Investors INC
Warranty Deed
$9,165,000 · Standard Insurance
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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