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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Banks
Hwy 9th E, Longs, SC 29568
Entity Owned
19-yr Hold
Free & Clear
Property ID
US77-1946235
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2009
Construction
CONCRETE
Total area
4,011 SF
Lot
1.31 ac (57,064 SF)
Zoning code
HC
APN
304-14-02-0043
UPID
US77-1946235
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
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$500k
Owner & transaction history
Anderson Brothers Bank · 19 yrs held
Anderson Brothers Bank
since 2007
4 recorded transactions
Zoning & alternative use
HC · Longs, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$610,000
+20.3%
Auto repair, garage
$600,000
+18.4%
Medical building
$575,000
+13.1%
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 Longs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Longs 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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$505,000
Current use
RETAIL STORES
$610,000
Change: +20% · Conversion: Difficult
AUTO REPAIR, GARAGE
$600,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$575,000
Change: +13% · Conversion: Difficult
WAREHOUSE, STORAGE
$480,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$125 / 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
$14,830
Tax year 2023
Assessed value
$65,518
Assessed 2023
Previous assessed
$65,518
+0.0% YoY
Effective rate
22.64%
On assessed value
Assessed land
$27,422
Assessed improvement
$38,096
Land market value
$457,040
Improvement market value
$825,100
Total market value
$1,282,140
Applied tax rate
500.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
2
Total area
4,011 SF
Lot
1.31 ac (57,064 SF)
Zoning code
HC
APN
304-14-02-0043
UPID
US77-1946235
Jurisdiction
HORRY
Zoning & alternative use
HC · Longs, SC
Zoning HC · permitted uses
HC · Longs, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Longs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$505,000
RETAIL STORES
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$600,000
MEDICAL BUILDING
Est. value
$575,000
WAREHOUSE, STORAGE
Est. value
$480,000
FINANCIAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2009
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Anderson Brothers Bank
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 279, NORTH MYRTLE BEACH, SC 29597-0279
Ownership since
2007
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
Feb 15, 2007
$800,000
Anderson Brothers Bank
Timothy D Schwarz
Grant Deed
related
—
Sep 8, 2005
$625,000
Schwarz,timothy D & Andrew M
Velocity LLC
Grant Deed
$500,000 · High Point Bk&tr
Sep 24, 1999
—
Velocity,llc
—
Trustees Deed
related
—
—
—
Velocity LLC
—
Deed Of Trust
related
$150,000 · National Bk/sc
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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