Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Murrells Inlet, SC 29576

    • Office Properties & Spaces
    • 798 SF
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    2.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US77-1905542
    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

    • Office Properties & Spaces

    Property Details

    Year built
    1985
    Property size
    798 SF
    Zone code
    RR
    Property type
    Office Properties & Spaces
    APN
    470-04-04-0556
    APU
    47004040556

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $266,000
      Market price range: $108k - $267k
      AI Estimate
      $254,000
      Market price range: $62.3k - $254k

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -78.9917
    Latitude
    33.5842
    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
    $104
    $0.00
    $13,745
    $13,745
    -
    $0.00
    $130,900
    $130,900

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      3655 Hwy 17th Business

      OFFICE (GENERAL) • 1,200 SF
      3655 Hwy 17th Business, Murrells Inlet, SC 29576-6178
      View Details
    • Value Estimation
      $385,000
      1,414 SF

      Murrells Inlet, SC 29576

      CONDOMINIUM OFFICES • 1,414 SF
      Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      3,710 SF

      11945 Grandhaven Dr

      Land • 3,710 SF
      11945 Grandhaven Dr, Murrells Inlet, SC 29576
      View Details
    • Value Estimation
      $260,000
      4,395 SF

      4539 Hwy 17

      OFFICE (GENERAL) • 4,395 SF
      4539 Hwy 17, Murrells Inlet, SC 29576-5029
      View Details
    • Value Estimation
      $185,000
      1,350 SF

      5180 Horry Dr, Unit C

      CONDOMINIUM OFFICES • 1,350 SF
      5180 Horry Dr, Murrells Inlet, SC 29576-5241
      View Details
    • Value Estimation
      $255,000
      2,496 SF

      658 Little Tony Ave

      OFFICE (GENERAL) • 2,496 SF
      658 Little Tony Ave, Murrells Inlet, SC 29576-6280
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      863 SF

      Highway 17 Bypass Office Space

      Move-in ready office space in Murrells Inlet, South Carolina.
      4717 Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • $750,000

      Retail Opportunity in Murrells Inlet

      Commercial site suitable for restaurant, medical, or retail use.
      4540 Highway 17 S, Murrells Inlet, SC 29576
      View Details
    • $2,500,000
      1.80 Acres

      Hwy 17 Bypass Commercial Land

      Prime Murrells Inlet commercial lot, 1.8 acres.
      17 Business St, Myrtle Beach, SC 29576
      View Details
    • $105,000
      980 SF

      Highway 17 Retail Opportunity

      Murrells Inlet, SC CBD Business
      4450 Highway 17, Murrells Inlet, SC 29576
      View Details
    • $279,900

      Oceanfront Condo at Water's Edge

      Furnished 1BR condo with ocean views and resort amenities.
      1012 N Waccamaw Dr, Garden City, SC 29576
      View Details
    • $356,000
      1,931 SF

      Immaculate Townhome Near Golf Courses

      Move-in ready townhome near golf, beaches, and Marshwalk.
      172 Parmelee Dr, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,500 SF

      Murrells Inlet Office Space For Lease

      1,500 SF Office, Prime Location, Available Now
      11947 Grandhaven Dr, Murrells Inlet, SC 29576
      View Details
    • $27 SF/Yr
      2,420 SF

      Office Space in Murrells Inlet

      2,420 SF office space available for rent 8/15/24.
      600 Garden City Connector, Murrells Inlet, SC 29576
      View Details
    • $1,650 /Mo
      900 SF

      Highway 17 Retail/Office Space

      900 SF retail or office space on Highway 17.
      3940 Highway 17 South, Murrells Inlet, SC 29576
      View Details
    • $650 /Mo
      400 SF

      Second Floor Office Space Available

      400 SF office space available 10/1/2025 in Murrells Inlet.
      627 Bellamy Ave, Murrells Inlet, SC 29576
      View Details
    • $2 SF/Yr
      2,800 SF

      Highway 17 Medical Office Space

      Renovated medical office space with surgical facility access.
      3911 Highway 17, Murrells Inlet, SC 29576
      View Details
    • $525 /Mo
      81 SF

      Professional Office Suite in Murrells

      Executive office suite with shared amenities on Highway 17.
      3955 Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Murrells Inlet, SC 29576
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.