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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Assisted living facilities
928 Canal St Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1884156
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1993
Construction
CONCRETE
Total area
10,318 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C9
APN
425-11-03-0020
UPID
US77-1884156
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Galore Properties LLC · 4 yrs held
Galore Properties LLC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
C9 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+295.4%
Auto repair, garage
$1.4M
+257.7%
Restaurant
$1.3M
+223.0%
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
$1,410,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,575,000
Change: +295% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,425,000
Change: +258% · Conversion: Difficult
RESTAURANT
$1,285,000
Change: +223% · Conversion: Difficult
RETAIL STORES
$1,225,000
Change: +207% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±10% · vs last sale $1.00M (Jan 24 2022)
Last sale anchor
$1.00M
Jan 24 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
$98 / 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
$15,982
Tax year 2023
Assessed value
$42,588
Assessed 2023
Previous assessed
$42,588
+0.0% YoY
Effective rate
37.53%
On assessed value
Assessed land
$14,400
Assessed improvement
$28,188
Land market value
$240,000
Improvement market value
$469,800
Total market value
$709,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1993
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
10,318 SF
Lot
0.69 ac (30,056 SF)
Zoning code
C9
APN
425-11-03-0020
UPID
US77-1884156
Jurisdiction
HORRY
Zoning & alternative use
C9 · Myrtle Beach, SC
Zoning C9 · permitted uses
C9 · 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
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
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
HOT WATER
Cooling
Yes
Lot
0.69 ac
Current owner
From public records · entity-resolved
Galore Properties LLC
Entity
Mailing address
801 BROADWAY ST, MYRTLE BEACH, SC 29577-3807
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
$1,000,000
Galore Properties LLC
Coastal Electric Myrtle Beach LLC
Warranty Deed
$700,000 · Anderson Brothers Bank
Dec 7, 2021
$870,000
Coastal Electric Myrtle Beach LLC
Ridge Grp LLC
Warranty Deed
$750,000 · Jemison Family
Aug 16, 2019
—
Ridge Group LLC
—
Deed
related
$163,000 · Anderson Brothers Bk
Aug 2, 2018
$900,000
Ridge Group LLC
Geraldine D Hopkins
Warranty Deed
$200,000 · Geraldine D Hopkins
—
—
Ridge Group LLC
—
Deed Of Trust
related
$163,000 · Anderson Brothers 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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