Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    978 Gale Ave Conway, SC 29526-9135

    • Day care centers
    • 1,200 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2022
    $199,900
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1296617
    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

    • Day care centers

    Property Details for 978 Gale Ave

    Year built
    1971
    Lot size
    0.21 lot acres
    Property size
    1,200 SF
    Zone code
    HC
    Property type
    Day care centers
    APN
    401-05-04-0035
    APU
    40105040035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $280,000
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $274,000
      Market price range: $87.4k - $282k

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0199
    Latitude
    33.7699
    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
    $2,645
    $1,863
    $8,604
    $10,467
    -
    $32,020
    $143,500
    $175,520

    Comparable in this City

    • Value Estimation
      $335,000
      4,482 SF

      1520 Racepath Ave

      DAY CARE, PRE-SCHOOL • 4,482 SF
      1520 Racepath Ave, Conway, SC 29526-4285
      View Details
    • Value Estimation
      $360,000
      2,880 SF

      Hwy 701

      DAY CARE, PRE-SCHOOL • 2,880 SF
      Hwy 701, Conway, SC 29526
      View Details
    • Value Estimation
      $2,755,000
      8,203 SF

      690 Singleton Rdg Rd

      DAY CARE, PRE-SCHOOL • 8,203 SF
      690 Singleton Rdg Rd, Conway, SC 29526-9154
      View Details
    • Value Estimation
      $360,000
      5,475 SF

      1100 Church St

      DAY CARE, PRE-SCHOOL • 5,475 SF
      1100 Church St, Conway, SC 29526-4127
      View Details
    • Value Estimation
      $680,000
      3,566 SF

      1911 Main St

      DAY CARE, PRE-SCHOOL • 3,566 SF
      1911 Main St, Conway, SC 29526-3334
      View Details
    • Value Estimation
      $455,000
      2,320 SF

      902 Buck St

      DAY CARE, PRE-SCHOOL • 2,320 SF
      902 Buck St, Conway, SC 29526-4118
      View Details

    Similar Nearby for Sale

    • $1,050,000
      30.00 Acres

      Conway, SC Residential Land - 30 Acres

      Prime 30-acre residential development opportunity.
      0 Tbd Twin Oak Dr, Conway, SC 29526
      View Details
    • $995,000

      Commercial Land Near Coastal Carolina

      Land for sale near Coastal Carolina, great investment opportunity.
      440 East Cox Ferry Rd, Conway, SC 29526
      View Details
    • $75,000
      1.92 Acres

      Riverfront Land with Dock Permits

      1.92 acres of dockable riverfront land near Conway, SC.
      2031 Lees Landing Cir, Conway, SC 29526
      View Details
    • $1,449,000
      99.19 Acres

      99 Acres on Highway 66

      99-acre recreational tract near Shaftesbury Glen golf course.
      Tbd Bluebird Ln, Conway, SC 29526
      View Details
    • $599,900
      0.68 Acres

      Commercial Lot in Downtown Conway

      Prime commercial lot in Conway's bustling downtown area.
      1520 4Th Ave, Conway, SC 29526
      View Details
    • $4,300,000
      Pending

      35 Acres on Highway 501

      35 acres on Highway 501 Business in Conway, South Carolina.
      TBD1150 Highway 501 Business, Conway, SC 29526
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      15,623 SF

      Conway Warehouse with Cranes

      Office/warehouse space with cranes and lay down yard available for lease.
      370 Atlantic Ave, Conway, SC 29526
      View Details
    • $6,251 /Mo
      5,246 SF

      Medical/Professional Office Near Conway Hospital

      Medical/professional office building near Conway Medical Center with customizable space.
      8028 Myrtle Trace Dr, Conway, SC 29526
      View Details
    • $4,500 /Mo
      148,104 SF

      Commercial Lot for Lease

      Storage or drop lot available for short-term lease.
      433 Highway 544, Conway, SC 29526
      View Details
    • $14 SF/Yr
      6,000 SF

      Modern Warehouse Space Available

      New 6,000 SF Warehouse; Flexible Units
      489 Myrtle Ridge Dr, Conway, SC 29526
      View Details
    • Contact for pricing
      1 SF

      Prime Conway Commercial Land

      ±30 acres, Hwy 501 frontage, high traffic.
      2702 Us-501, Conway, SC 29526
      View Details
    • Contact for pricing
      100,490 SF

      Prime Conway Industrial Space

      100,490 SF Class A Manufacturing/Distribution Building
      422 Commerce Park Dr, Conway, SC 29526
      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.
    978 Gale Ave
    Conway, SC 29526-9135
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.