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Property profile & analytics
OFF-MARKET
Estimated value
$14,200,000
Medical Office Space
945 82nd Pkwy Myrtle Beach, SC 29572-4610
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-0799272
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
CONCRETE
Total area
46,002 SF
Lot
3 ac (130,680 SF)
Zoning code
M1
APN
394-09-04-0019
UPID
US77-0799272
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
-
MUSC Health Cardiology - Myrtle Beach Hospital
-
Medical Complex Medical Clinic
-
MUSC Health Cardiology Hospital
-
Dr. Donald C. Eagerton, MD Physician
-
Dr. Charles F. Degenhardt III Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.20M
CAP Approach
CAP
$10.58M
Comparable Approach
Comparable
$17.40M
Blend (final)
Blend
$14.20M
Owner & transaction history
Grand Strand Regional Medical Cente · 2 yrs held
Grand Strand Regional Medical Cente
since 2024
Last sale
$14.2M
3 recorded transactions
Zoning & alternative use
M1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Apartment house (5+ units)
$20.3M
+46.2%
Restaurant
$20.0M
+44.5%
Auto repair, garage
$17.4M
+25.2%
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
$14,200,000
ML approach
$14,200,000
CAP Approach
CAP Return
Estimation
6%
$11,465,000
6.5%
$10,580,000
7%
$9,825,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,860,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,260,000
Change: +46% · Conversion: Moderate
RESTAURANT
$20,030,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,355,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$14.20M
Range $12.78M – $15.62M · ±10% · vs last sale $14.20M (May 21 2024)
Last sale anchor
$14.20M
May 21 2024
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
$309 / 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
$182,976
Tax year 2023
Assessed value
$669,750
Assessed 2023
Previous assessed
$669,750
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$129,360
Assessed improvement
$540,390
Land market value
$2,156,000
Improvement market value
$9,006,500
Total market value
$11,162,500
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
Off-Market
Year built
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
46,002 SF
Lot
3 ac (130,680 SF)
Zoning code
M1
APN
394-09-04-0019
UPID
US77-0799272
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$13.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.3M
RESTAURANT
Est. value
$20.0M
AUTO REPAIR, GARAGE
Est. value
$17.4M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
3 ac
Current owner
From public records · entity-resolved
Grand Strand Regional Medical Cente
Individual
Free & Clear · 2 yrs held
Mailing address
945 82ND PKWY, MYRTLE BEACH, SC 29572-4610
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
May 21, 2024
$14,200,000
Grand Strand Regional Medical Cente
United 945 82nd Pkwy Fee LLC
Warranty Deed
—
May 22, 2014
$14,535,000
United 945 82nd Parkway Fee Ll
82nd-17 LLC
Grant Deed
related
$10,300,000 · Starwood Mtg Cap
—
—
82nd-17 LLC
—
Deed Of Trust
related
$2,042,540 · Conway 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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