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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
933 Hwy 501 Myrtle Beach, SC 29577-3899
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1473689
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Construction
STEEL FRAME
Total area
3,615 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C3
APN
443-04-01-0011
UPID
US77-1473689
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
$610k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$639k
Blend (final)
Blend
$595k
Owner & transaction history
Remnants · 2 yrs held
Remnants
since 2023
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
C3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$530,000
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$880,000
Current use
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $425k (Oct 17 2023)
Last sale anchor
$425k
Oct 17 2023
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
$165 / 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
Assessed value
$23,012
Assessed 2023
Previous assessed
$23,012
+0.0% YoY
Assessed land
$13,344
Assessed improvement
$9,668
Land market value
$222,400
Improvement market value
$243,200
Total market value
$465,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
3,615 SF
Lot
0.64 ac (27,878 SF)
Zoning code
C3
APN
443-04-01-0011
UPID
US77-1473689
Jurisdiction
HORRY
Zoning & alternative use
C3 · Myrtle Beach, SC
Zoning C3 · permitted uses
C3 · 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
OFFICE BUILDING Current
Est. value
$880,000
OFFICE BUILDING Current
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
1954
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.64 ac
Current owner
From public records · entity-resolved
Remnants
Individual
Mailing address
1880 COLONY DR11MDR, MYRTLE BEACH, SC 29575-5189
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2023
$425,000
Remnants
Sea Jay LLC
Warranty Deed
$340,000 · Sea Jay
Jun 22, 2021
—
Sea Jay LLC
—
Deed
related
$306,000 · Sandhills Bank
Aug 19, 2016
—
Sea Jay LLC
—
Deed
related
$1,060,000 · Horry Cnty St Bk
Apr 10, 2014
—
Sea Jay LLC
—
Deed Of Trust
related
$1,150,000 · Bank Of Nc
Dec 14, 2010
$171,000
Sea Jay LLC
Ammons INC
Grant Deed
—
—
—
Sea Jay LLC
—
Deed Of Trust
related
$1,060,000 · Horry Cnty St Bk
—
—
Sea Jay LLC
—
Deed Of Trust
related
$240,000 · 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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