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Property profile & analytics
OFF-MARKET
Estimated value
$5,140,000
Office buildings
Mayfair St Myrtle Beach, SC 29577
Entity Owned
16-yr Hold
Free & Clear
Property ID
US77-2111487
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
CONCRETE
Total area
23,927 SF
Lot
1.66 ac (72,310 SF)
APN
420-14-04-0012
UPID
US77-2111487
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
$4.81M
Comparable Approach
Comparable
$5.31M
Blend (final)
Blend
$5.14M
Owner & transaction history
City Of Myrtle Beach · 16 yrs held
City Of Myrtle Beach
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.2M
+23.4%
Apartment house (5+ units)
$6.8M
+16.3%
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%
$5,205,000
6.5%
$4,805,000
7%
$4,465,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,840,000
Current use
MEDICAL BUILDING
$7,210,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$6,795,000
Change: +16% · Conversion: Easy
RESTAURANT
$5,535,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$5.14M
Range $4.63M – $5.65M · ±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
$215 / 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
$56,380
Tax year 2023
Assessed value
$206,371
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$34,781
Assessed improvement
$171,590
Land market value
$579,680
Improvement market value
$4,563,200
Total market value
$5,142,880
Applied tax rate
882.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Stories
2
Total area
23,927 SF
Lot
1.66 ac (72,310 SF)
APN
420-14-04-0012
UPID
US77-2111487
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
OFFICE BUILDING Current
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
RESTAURANT
Est. value
$5.5M
OFFICE BUILDING Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
2008
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Stories
2
Lot
1.66 ac
Current owner
From public records · entity-resolved
City Of Myrtle Beach
Entity
Free & Clear · 16 yrs held
Mailing address
PO BOX 70700, MYRTLE BEACH, SC 29572-0030
Ownership since
2009
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 17, 2020
—
Rice Rei LLC
—
Deed
related
$500,000 · Coastal Carolina Nat'l Bk
Oct 30, 2019
—
Rice Rei LLC
—
Deed
related
$7,300,000 · Coastal Carolina Nat'l Bk
Sep 3, 2009
—
City Of Myrtle Beach
Myrtle Beach Farms Co INC
Quit Claim Deed
related
—
Jan 12, 2006
$1,100,000
Rice Rei LLC
Myrtle Beach Farms Co INC
Grant Deed
$560,000 · Conway Nat'l Bk
—
—
Rice Rei LLC
—
Deed Of Trust
related
$7,300,000 · Coastal Carolina Nat'l Bk
—
—
Rice Rei LLC
—
Deed Of Trust
related
$4,300,000 · Plantation Fed'l Bk
—
—
Rice Rei LLC
—
Deed Of Trust
related
$500,000 · Coastal Carolina Nat'l Bk
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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