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Property profile & analytics
FOR SALE
Medical Office Space
923 Medical Cir Myrtle Beach, SC 29572
Entity Owned
17-yr Hold
Free & Clear
Property ID
US77-0256679
For Sale
1 / 8
$345,000
923 Medical Cir, Myrtle Beach, SC 29572
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Total area
1,368 SF
Lot
0.03 ac (1,307 SF)
Zoning code
M1
APN
394-09-04-0016
UPID
US77-0256679
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
-
JOSEPH VANCE VANDERGRIFF Pediatrician Physician
-
STEPHEN ALAN SILBIGER Physician
-
Angelic Health Palliative and Hospice Care Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Borowicz Family Holdings LLC · 17 yrs held
Borowicz Family Holdings LLC
since 2008
3 recorded transactions
Zoning & alternative use
M1 · Myrtle Beach, SC
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,259
Tax year 2023
Assessed value
$4,608
Assessed 2023
Previous assessed
$4,608
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$903
Assessed improvement
$3,705
Land market value
$15,050
Improvement market value
$89,600
Total market value
$104,650
Applied tax rate
880.0000
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
For Sale
Year built
1978
Heating
SOLAR
Cooling
CENTRAL
Total area
1,368 SF
Lot
0.03 ac (1,307 SF)
Zoning code
M1
APN
394-09-04-0016
UPID
US77-0256679
Jurisdiction
HORRY
Zoning & alternative use
M1 · Myrtle Beach, SCZoning M1 · permitted uses
M1 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1978
Heating
SOLAR
Cooling
Yes
Lot
0.03 ac
Current owner
From public records · entity-resolved
Borowicz Family Holdings LLC
Entity
Free & Clear · 17 yrs held
Mailing address
4036 RIV OAKS DR STE #2, MYRTLE BEACH, SC 29579-6695
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
—
Borowicz Family Holdings LLC
—
Deed
related
$184,000 · Anderson Brothers Bank
Jul 30, 2008
$230,000
Borowicz Family Holdings LLC
A J Villani JR.
Warranty Deed
related
—
—
—
Borowicz Family Holdings LLC
—
Deed Of Trust
related
$190,000 · Crescom 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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