Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Farrow Pkwy Myrtle Beach, SC 29577
    Back to Search
    Property profile & analytics

    Farrow Pkwy, Myrtle Beach, SC 29577

    View on Map
    • Industrial land
    • 0.15 lot acres
    Off-Market
    Property ID
    US77-2298540
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for Farrow Pkwy

    Lot size
    0.15 lot acres
    Property type
    Industrial land
    APN
    441-13-02-0001
    APU
    44113020001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2013 — City Of Myrtle Beach Farrow Parkway Investments LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9521
    Latitude
    33.6747
    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
    $0.00
    $878
    $0.00
    $878
    -
    $14,640
    $0.00
    $14,640

    Comparable in this City

    • Value Estimation by Request
      3.09 Acres

      4866 Bermuda N Way

      INDUSTRIAL - VACANT LAND
      4866 Bermuda N Way, Myrtle Beach, SC 29577-5430
      View Details
    • Value Estimation by Request
      1.47 Acres

      Forestbrook Rd

      INDUSTRIAL - VACANT LAND
      Forestbrook Rd, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      0.02 Acres

      Woodview Ln

      INDUSTRIAL - VACANT LAND
      Woodview Ln, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      0.03 Acres

      Oleander Dr

      INDUSTRIAL - VACANT LAND
      Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      0.05 Acres

      8th N Ave

      INDUSTRIAL - VACANT LAND
      8th N Ave, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      0.08 Acres

      3074 Deville St

      INDUSTRIAL - VACANT LAND
      3074 Deville St, Myrtle Beach, SC 29577-1569
      View Details

    Similar Nearby for Sale

    • New
      $2,499,900
      4.44 Acres

      Multifamily-Ready Industrial Land

      4.44-acre tract zoned RMH-MH with manufactured home and multifamily possibilities near key roadway access.
      Highway 15, Myrtle Beach, SC 29577
      View Details
    • $109,900
      0.29 Acres

      Residential Lot in Myrtle Beach

      0.29-acre residential lot with development potential near downtown Myrtle Beach.
      1005 3Rd Ave N, Myrtle Beach, SC 29577
      View Details
    • $120,000
      0.17 Acres

      Myrtle Beach Homesite Opportunity

      Homesite near Myrtle Beach's white-sand beaches, restaurants, and shops.
      628 12Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $120,000
      0.16 Acres

      Myrtle Beach Homesite Opportunity

      Homesite near Myrtle Beach's white-sand beaches, restaurants, and shops.
      632 12Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $318,000
      0.36 Acres

      Waterfront Residential Lot in Myrtle Beach

      Residential building lot with water frontage on the Intercoastal Waterway.
      425 Pilothouse Dr, Myrtle Beach, SC 29577
      View Details
    • $575,000

      0.79 Acre Outparcel For Sale

      0.79 acre outparcel for sale fronting Robert M. Grissom Pkwy.
      Mayfair St, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad in Shadow Center

      2.2 AC retail pad in high-traffic tourist area.
      Oak Forest Ln, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Land For Rent Myrtle Beach

      Land available for rent in Myrtle Beach, South Carolina.
      904 Todd St, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Land For Rent Myrtle Beach

      Land available for rent in Myrtle Beach, South Carolina.
      912 Todd St, Myrtle Beach, SC 29577
      View Details
    • $16 SF/Yr

      High-Traffic Retail/Office Space Available

      Highly visible commercial space on a primary Myrtle Beach corridor.
      2903 North Kings Highway Ext, Myrtle Beach, SC 29577
      View Details
    • $16 SF/Yr

      Myrtle Beach Office Space For Lease

      Office space for lease near Myrtle Beach's financial corridor.
      601 19Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $18 SF/Yr

      Downtown Conway Professional Office Space

      Professional office space in Downtown Conway, available in 2025.
      1312 2Nd Ave, Conway, SC 29577
      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.
    Farrow Pkwy
    Myrtle Beach, SC 29577
    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

    Thank You for Inquiry
    Farrow Pkwy, Myrtle Beach, SC, 29577
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!