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Property profile & analytics
OFF-MARKET
Estimated value
$13,995,000
Medical Office Space
Farrow Pkwy Myrtle Beach, SC 29577
Individually Owned
11-yr Hold
Free & Clear
Property ID
US77-2395157
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Construction
CONCRETE
Total area
66,579 SF
Lot
3.92 ac (170,755 SF)
APN
441-12-01-0002
UPID
US77-2395157
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
by Request
CAP Approach
CAP
$15.32M
Comparable Approach
Comparable
$13.81M
Blend (final)
Blend
$14.00M
Owner & transaction history
Georgetown Memorial Hospital · 11 yrs held
Georgetown Memorial Hospital
since 2015
4 recorded transactions
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,590,000
6.5%
$15,315,000
7%
$14,220,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$20,060,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,905,000
Change: -6% · Conversion: Moderate
OFFICE BUILDING
$16,255,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$14.00M
Range $12.60M – $15.39M · ±10%
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
$210 / 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
$874,411
Assessed 2023
Assessed land
$110,401
Assessed improvement
$764,010
Land market value
$2,548,000
Improvement market value
$12,733,500
Total market value
$15,281,500
Applied tax rate
891.0000
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
Construction
CONCRETE
Heating
NONE
Total area
66,579 SF
Lot
3.92 ac (170,755 SF)
APN
441-12-01-0002
UPID
US77-2395157
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$20.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.9M
OFFICE BUILDING
Est. value
$16.3M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
Construction
CONCRETE
Heating
NONE
Lot
3.92 ac
Current owner
From public records · entity-resolved
Georgetown Memorial Hospital
Individual
Free & Clear · 11 yrs held
Mailing address
PO BOX 421718, GEORGETOWN, SC 29442-4203
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2015
$2,000,000
Georgetown Memorial Hospital
Nash Blvd Land Holding Co LLC
Grant Deed
—
May 1, 2014
—
Nash Blvd Land Holding Co LLC
Kh Withers LLC
Grant Deed
related
—
Apr 19, 2013
—
Kh Withers LLC
—
Deed Of Trust
related
$5,512,000 · Wells Fargo Bk
—
—
Nash Blvd Land Holding Co LLC
—
Deed Of Trust
related
$1,000,000 · Donald D Leonard
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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