Property profile

926 Iris St A Myrtle Beach, SC 29577

OFF-MARKET
Other investment properties
Property ID
US77-0369126
1,344 SF 0.03 ac lot Built 2008
Individually Owned 5-yr Hold
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Property summary

AI-generated overview

This 592-square-foot commercial unit (Unit F) is located in the Market Common area of Myrtle Beach, within a strip center that also includes an attorney’s office, a wine shop, and a beauty bar. The space is configured with an open floor plan designed to support office or retail uses and allows for flexible interior layout changes. It is positioned along a high-traffic roadway in a well-established commercial center near the intersection area of Howard Avenue and Farrow Parkway, with surrounding access to retail, dining, entertainment, residential neighborhoods, walking trails, sports facilities, and medical services including the VA Medical Center and Tidelands Health. The tenant utilities responsibilities include electricity and internet/cable, along with maintaining two phone lines for a fire monitoring system; water, sewer, and trash services are provided as part of the operating arrangement. The unit is in a Market Common District setting, a mixed-use lifestyle center, with documented area demographics and traffic counts including average daily traffic on Farrow Parkway of 18,300 vehicles.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2008
Total area 1,344 SF
Lot 0.03 ac (1,307 SF)
APN 446-02-03-0046
UPID US77-0369126

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Photography Service (Bike/Boat/Book/etc) Store
  • Law Firm
  • Home Decor Store Department Store
  • Interior Design Home Decor Store

Location

926 Iris St, Unit A Myrtle Beach, SC 29577-1647
Myrtle Beach metro Census 980100 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2021
Last sale
$378,000
4 recorded transactions
2021
$378,000
2019
$305,000
2012
Price N/A
2009
$385,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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