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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Warehouses
Hwy 707 Myrtle Beach, SC 29588
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-2073050
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.73 ac (31,799 SF)
Zoning code
NC
APN
449-12-03-0005
UPID
US77-2073050
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
$1.19M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$955k
Owner & transaction history
Dk Mason Construction Co LLC · 3 yrs held
Dk Mason Construction Co LLC
since 2022
Last sale
$820,000
7 recorded transactions
Zoning & alternative use
NC · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+91.5%
Office building
$1.1M
+45.5%
Retail stores
$1.0M
+29.1%
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
$1,160,000
ML approach
$1,190,000
CAP Approach
CAP Return
Estimation
6%
$1,300,000
6.5%
$1,200,000
7%
$1,115,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$785,000
Current use
MEDICAL BUILDING
$1,505,000
Change: +91% · Conversion: Difficult
OFFICE BUILDING
$1,145,000
Change: +46% · Conversion: Difficult
RETAIL STORES
$1,015,000
Change: +29% · Conversion: Moderate
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $820k (Jul 29 2022)
Last sale anchor
$820k
Jul 29 2022
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
$191 / 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
Tax billed
$11,396
Tax year 2023
Assessed value
$26,152
Assessed 2023
Previous assessed
$26,152
+0.0% YoY
Effective rate
43.58%
On assessed value
Assessed land
$7,570
Assessed improvement
$18,582
Land market value
$158,990
Improvement market value
$445,600
Total market value
$604,590
Applied tax rate
630.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
SOLAR
Cooling
CENTRAL
Total area
5,000 SF
Lot
0.73 ac (31,799 SF)
Zoning code
NC
APN
449-12-03-0005
UPID
US77-2073050
Jurisdiction
HORRY
Zoning & alternative use
NC · Myrtle Beach, SC
Zoning NC · permitted uses
NC · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$785,000
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
Year built
2002
Construction
STEEL FRAME
Heating
SOLAR
Cooling
Yes
Lot
0.73 ac
Current owner
From public records · entity-resolved
Dk Mason Construction Co LLC
Entity
Mailing address
401 VEREEN RD, MURRELLS INLET, SC 29576-7710
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$820,000
Dk Mason Construction Co LLC
Bobby Douglas Winn
Warranty Deed
$680,000 · Conway National Bank
Oct 5, 2009
$397,483
Winn,bobby D
Trinity Dev LLC
Grant Deed
$345,255 · Leon Barker
Nov 5, 2008
—
Trinity Dev LLC
—
Deed Of Trust
related
$100,000 · Leon Barker
Mar 5, 2007
—
Trinity Dev LLC
Ronald G Small
Quit Claim Deed
related
—
Sep 23, 2005
$2,200,000
Trinity Dev LLC
Kenneth R Mccracken
Grant Deed
—
—
—
Trinity Dev LLC
—
Deed Of Trust
related
$288,000 · Cumberland Vly Nat'l Bk
—
—
Winn,bobby D
—
Loan Modification
related
$169,274 · Leon Barker
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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