Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9610 Kings Hwy Myrtle Beach, SC 29572

    • Commercial land
    • 1.00 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1645339
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Kroger Fuel Center / Gas Station
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Kroger Deli / Deli
    • Kroger Pharmacy / Pharmacy
    • Kroger Bakery / Bakery

    Property Details for 9610 Kings Hwy

    Lot size
    1.00 lot acres
    Zone code
    HC
    Property type
    Commercial land
    APN
    394-03-02-0017
    APU
    39403020017

    Description

    The Galleria Shopping Center, a vibrant shopping center in Horry County, South Carolina, presents a compelling investment opportunity. This 168,517 square foot shopping center, built in 1987, boasts a prime location in Arcadia Shores, conveniently situated off North Kings Highway and Lake Arrowhead Road. The center is anchored by a Kroger grocery store, ensuring consistent foot traffic and a strong retail environment. Currently, there are 8 available spaces ranging in size from 400 square feet to 4,641 square feet, providing flexibility for a variety of retail and restaurant tenants. The diverse space options are ideal for junior anchors, retailers, and restaurants seeking high visibility and access to a thriving community. The Galleria Shopping Center benefits from its proximity to popular Myrtle Beach attractions, including Barefoot Landing, Tanger Outlets, Grand Dunes Club, and Dunes Golf and Beach Club, further enhancing its appeal and potential for success. A total of 48,157 square feet is currently vacant, presenting a significant opportunity for expansion and growth. This property offers a unique blend of established tenancy and significant expansion potential within a highly desirable location. The center's strategic placement and existing anchor tenant make it an attractive proposition for businesses seeking a strong foothold in the Myrtle Beach market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.7933
    Latitude
    33.7772
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,432
    $40,500
    $0.00
    $40,500
    -
    $675,000
    $0.00
    $675,000

    Comparable in this City

    • Value Estimation by Request
      1.51 Acres

      Ocean Crk Dr

      VACANT COMMERCIAL LAND • 1.51 Acres
      Ocean Crk Dr, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      13.63 Acres

      Chestnut Rd

      VACANT COMMERCIAL LAND • 13.63 Acres
      Chestnut Rd, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      10.79 Acres

      Grande Dunes Blvd

      VACANT COMMERCIAL LAND • 10.79 Acres
      Grande Dunes Blvd, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      5.49 Acres

      Hwy 17th Byp

      VACANT COMMERCIAL LAND • 5.49 Acres
      Hwy 17th Byp, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      0.55 Acres

      73rd N Ave

      VACANT COMMERCIAL LAND • 0.55 Acres
      73rd N Ave, Myrtle Beach, SC 29572
      View Details
    • Value Estimation by Request
      0.62 Acres

      Plantation Lk Dr

      VACANT COMMERCIAL LAND • 0.62 Acres
      Plantation Lk Dr, Myrtle Beach, SC 29572
      View Details

    Similar Nearby for Sale

    • $495,000
      Pending

      Grande Dunes Residential Lot

      Residential lot in amenity-rich Grande Dunes community.
      8625 Bella Vista Cir, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing

      Champions Crossing Land

      Prime North Myrtle Beach Commercial Land
      0 Robert Edge Pkwy, Myrtle Beach, SC 29572
      View Details
    • $1,575,000
      0.91 Acres

      Residential Lot in Dunes Club

      Desirable lot with potential ocean and golf course views.
      103 Club Dr, Myrtle Beach, SC 29572
      View Details
    • $1,700,000
      6,400 SF

      Myrtle Beach Restaurant - $1.7M

      Prime Kings Hwy Restaurant, 6400 SF
      10435 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $247,900

      Updated Condo Steps From Beach

      Updated 2-bedroom, 2-bath condo near the beach.
      9661 Shore Dr, Myrtle Beach, SC 29572
      View Details
    • $335,000
      1,733 SF

      Intracoastal Waterway View Condo

      Spacious condo with waterway views, close to attractions and beach.
      1100 Commons Blvd, Myrtle Beach, SC 29572
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,400 SF

      Retail Space in Myrtle Beach

      Retail opportunity in Kroger-anchored shopping center near popular attractions.
      9650 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing

      Freestanding Retail Building Available Now

      Freestanding retail building in Myrtle Beach with high visibility.
      7815 North Kings Highway Ext, Myrtle Beach, SC 29572
      View Details
    • $3,000 /Mo
      2,400 SF

      Office Suites Near Grande Dunes

      Upstairs office suites in desirable Myrtle Beach trade area.
      7712 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • $18 SF/Yr
      1,600 SF

      Retail Space in Galleria Center

      Retail and restaurant spaces available in Kroger-anchored shopping center.
      9654 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing

      Retail Space Near Coastal Highway

      Retail space with high visibility and traffic near Myrtle Beach.
      10835 Kings Road Ext, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,240 SF

      Retail Outparcel in Myrtle Beach

      Freestanding retail space in high-income Myrtle Beach shopping center.
      7815 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9610 Kings Hwy
    Myrtle Beach, SC 29572
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.