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    Property profile & analytics

    Hwy 501 Conway, SC 29526

    • Hotels
    • 18,490 SF
    • 1.16 lot acres
    OFF-MARKET
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2374352
    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

    • Hotels

    Property Details for Hwy 501

    Year built
    1962
    Construction
    CONCRETE
    Lot size
    1.16 lot acres
    Property size
    18,490 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    367-10-04-0008
    APU
    36710040008

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,975,000
      6.5%
      $1,825,000
      7%
      $1,695,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,862,000
      Market price range: $2.86M - $7.43M
      AI Estimate
      $2,926,000
      Market price range: $1.47M - $17.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Conway
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0389
    Latitude
    33.8164
    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
    $16,083
    $27,840
    $43,200
    $71,040
    -
    $464,000
    $720,000
    $1,184,000

    Comparable in this City

    • Value Estimation
      $950,000
      2,466 SF

      1262 Hwy 501st Business

      HOTEL/MOTEL • 2,466 SF
      1262 Hwy 501st Business, Conway, SC 29526-9591
      View Details
    • Value Estimation
      $6,750,000
      16,752 SF

      University Plz Dr

      HOTEL/MOTEL • 16,752 SF
      University Plz Dr, Conway, SC 29526
      View Details
    • Value Estimation
      $2,405,000
      21,098 SF

      1004 Waccamaw Dr

      HOTEL/MOTEL • 21,098 SF
      1004 Waccamaw Dr, Conway, SC 29526-8519
      View Details
    • Value Estimation
      $3,490,000
      27,564 SF

      2480 Hwy 501

      HOTEL/MOTEL • 27,564 SF
      2480 Hwy 501, Conway, SC 29526-9527
      View Details
    • Value Estimation
      $910,000
      7,349 SF

      1240 Hwy 501st Business

      HOTEL/MOTEL • 7,349 SF
      1240 Hwy 501st Business, Conway, SC 29526-9590
      View Details
    • Value Estimation
      $2,730,000
      19,880 SF

      1240 Pne St

      HOTEL/MOTEL • 19,880 SF
      1240 Pne St, Conway, SC 29526-3402
      View Details

    Similar Nearby for Sale

    • $699,000
      6.46 Acres

      Conway Land Near Highway 22

      Commercial land near Highway 22, close to future event center.
      Tbd Hwy 319, Conway, SC 29526
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    • $45,000
      1.01 Acres

      Conway Acreage for Residential Development

      Residential land available in Conway, South Carolina, suitable for stick-built homes.
      Tbd Tillmond Dr, Conway, SC 29526
      View Details
    • Contact for pricing
      0.57 Acres

      Residential Lot in Conway, SC

      Undeveloped residential lot in Conway, South Carolina.
      314 Cypress Flat Ct, 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
    • $3,000,000
      1.13 Acres

      High-Visibility Commercial Asset on Highway

      Multi-stream income property on a prime corner lot.
      4580 Highway 501 W, Conway, SC 29526
      View Details
    • $70,000
      0.50 Acres

      Wooded Residential Lot Near Conway

      Spacious homesite near Conway, SC, with convenient access and natural privacy.
      5 Old Reaves Ferry Rd, Conway, SC 29526
      View Details

    Similar Nearby for Lease

    • $3,338 /Mo
      Pending

      Downtown Conway Office/Retail Opportunity

      Prime commercial space in Conway's Historic Downtown District.
      1203 Main St, Conway, SC 29526
      View Details
    • $12 SF/Yr

      Office-Warehouse Flex Park

      Office-warehouse flex units available for lease in early 2026.
      5321 Highway 90, Conway, SC 29526
      View Details
    • Contact for pricing

      Available Flex Space Unit

      4000 SF flex space with easy highway access.
      489 Myrtle Ridge Dr, Conway, SC 29526
      View Details
    • Contact for pricing

      Highway 501 Commercial Land Parcels

      Commercial land parcels available on high-traffic Highway 501.
      2702 Us-501, Conway, SC 29526
      View Details
    • Contact for pricing

      Conway Industrial Building For Lease

      100,490 SF Class A industrial building in Conway, SC.
      422 Commerce Park Dr, Conway, SC 29526
      View Details
    • $8 SF/Yr
      13,000 SF

      Manufacturing/Storage Space for Lease

      Manufacturing and storage space available with loading dock access.
      2951 Highway 501 E, Conway, SC 29526
      View Details
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    Hwy 501
    Conway, SC 29526
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    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
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