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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hwy 501 Myrtle Beach, SC 29579

    • Warehouses
    • 2,194 SF
    • 7.13 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1220491
    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

    • SWEETRUBS / Massage Spa
    • Advance America / Loan Agency / Financial Institution
    • Southern Oak Dental Myrtle Beach / Dental Laboratory
    • PRO APPLIANCE SALES & SERVICE REPAIR / Appliance Repair Service / Appliance Parts Supplier
    • Pro Moving & Logistics / Mover

    Property Details for Hwy 501

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    7.13 lot acres
    Property size
    2,194 SF
    Zone code
    HC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    417-03-01-0001
    APU
    41703010001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $507,000
      Market price range: $238k - $508k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $345,000
      Current use
      AUTO REPAIR, GARAGE
      $830,000
      Change: +140% Conversion: Easy
      MEDICAL BUILDING
      $660,000
      Change: +91% Conversion: Difficult
      OFFICE BUILDING
      $500,000
      Change: +46% Conversion: Difficult
      RETAIL STORES
      $445,000
      Change: +29% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9649
    Latitude
    33.752
    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
    $41,079
    $73,921
    $100,669
    $174,590
    -
    $2,185,620
    $2,217,500
    $4,403,120

    Comparable in this City

    • Value Estimation
      $8,785,000
      96,000 SF

      230 Vlg Ctr Blvd

      MINI-WAREHOUSE, STORAGE • 96,000 SF
      230 Vlg Ctr Blvd, Myrtle Beach, SC 29579-6683
      View Details
    • Value Estimation
      $2,270,000
      17,120 SF

      149 Revolutionary War Way

      MINI-WAREHOUSE, STORAGE • 17,120 SF
      149 Revolutionary War Way, Myrtle Beach, SC 29579-3676
      View Details
    • Value Estimation
      $600,000
      5,060 SF

      338 Jesse St

      MINI-WAREHOUSE, STORAGE • 5,060 SF
      338 Jesse St, Myrtle Beach, SC 29579-7318
      View Details
    • Value Estimation
      $5,345,000
      23,208 SF

      Debo Dr

      MINI-WAREHOUSE, STORAGE • 23,208 SF
      Debo Dr, Myrtle Beach, SC 29579
      View Details
    • Value Estimation
      $1,250,000
      9,300 SF

      337 Jesse St

      MINI-WAREHOUSE, STORAGE • 9,300 SF
      337 Jesse St, Myrtle Beach, SC 29579-7319
      View Details
    • Value Estimation by Request
      20,000 SF

      200 Whitty Dr

      MINI-WAREHOUSE, STORAGE • 20,000 SF
      200 Whitty Dr, Myrtle Beach, SC 29579-7045
      View Details

    Similar Nearby for Sale

    • $254,900
      992 SF

      Intracoastal Waterway Condo with Views

      Updated 2-bedroom condo with waterway views and resort-style amenities.
      698 Riverwalk Dr, Myrtle Beach, SC 29579
      View Details
    • $175,000
      790 SF

      Furnished Condo in River Oaks

      Turn-key condo near Myrtle Beach, ideal for rental income.
      480 River Oaks Dr, Myrtle Beach, SC 29579
      View Details
    • $225,000
      0.50 Acres

      Residential Lot in Sago Plantation

      Wooded residential lot near dining, outlets, and golf courses.
      1269 Ficus Dr, Myrtle Beach, SC 29579
      View Details
    • $160,000
      0.20 Acres

      Residential Lot in Gated Community

      Cleared residential lot ready for building in Myrtle Beach, SC.
      450 Harbour View Dr, Myrtle Beach, SC 29579
      View Details
    • $299,000
      0.23 Acres

      Residential Lot in Gated Community

      Premium homesite in Myrtle Beach's Intracoastal Waterway community.
      961 Bluffview Dr, Myrtle Beach, SC 29579
      View Details
    • $249,900
      0.37 Acres

      Golf Course View Residential Lot

      Rare 0.37-acre wooded lot in Legends Resort, Myrtle Beach.
      4036 Girvan Dr, Myrtle Beach, SC 29579
      View Details

    Similar Nearby for Lease

    • $36,700

      Highway 501 Flex/Warehouse Space

      Flex space/warehouse suitable for manufacturing and distribution with office space.
      4900 Highway 501, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing
      160,000 SF

      Prime Industrial Space Near Airport

      Industrial space for rent, close to Myrtle Beach Airport.
      2925 Fantasy Way, Myrtle Beach, SC 29579
      View Details
    • $7 SF/Yr
      20,255 SF

      Versatile Warehouse, Distribution, Office Space

      20,255 SF warehouse, distribution, office, and showroom space.
      3856 Wesley St, Myrtle Beach, SC 29579
      View Details
    • $10 SF/Yr
      40,936 SF

      Highway 501 Industrial Space

      40,936 SF Flex Warehouse, Myrtle Beach
      4900 Us-501, Myrtle Beach, SC 29579
      View Details
    • New
      $9,750 /Mo
      4,000 SF

      Myrtle Beach Industrial Warehouse Space

      Industrial warehouse with climate control and drive-thru capability for lease.
      3720 Wesley St, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing
      2 SF

      Socastee Flex Space Opportunity

      Two-acre industrial flex space; build-to-suit available.
      0 Wesley St, Myrtle Beach, SC 29579
      View Details
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    Myrtle Beach, SC 29579
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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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