Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Myrtle Beach, SC 29588

    • Specialty properties
    • 2,739 SF
    • 0.67 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1965291
    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

    • Specialty properties

    Property Details

    Year built
    2004
    Lot size
    0.67 lot acres
    Property size
    2,739 SF
    Zone code
    NC
    Property type
    Specialty properties
    APN
    429-05-04-0011
    APU
    42905040011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $823,000
      Market price range: $281k - $921k

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $520,000
      Current use
      COMMERCIAL (GENERAL)
      $660,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $645,000
      Change: +25% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $420,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0239
    Latitude
    33.7132
    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
    $122
    $4,621
    $4,775
    $9,396
    -
    $103,430
    $112,000
    $215,430

    Comparable in this City

    • Value Estimation
      $620,000
      2,128 SF

      4759 Timberlake Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,128 SF
      4759 Timberlake Dr, Myrtle Beach, SC 29588
      View Details
    • Value Estimation by Request
      1,204 SF

      198 Hbr Oaks Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,204 SF
      198 Hbr Oaks Dr, Myrtle Beach, SC 29588-9364
      View Details
    • Value Estimation
      $600,000
      3,040 SF

      7650 Butler Rd

      CHARITABLE ORGANIZATION • 3,040 SF
      7650 Butler Rd, Myrtle Beach, SC 29588-6677
      View Details
    • Value Estimation by Request
      200 SF

      3899 Camden Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 200 SF
      3899 Camden Dr, Myrtle Beach, SC 29588
      View Details
    • Value Estimation
      $560,000
      1,980 SF

      5811 Creekside Dr

      CHARITABLE ORGANIZATION • 1,980 SF
      5811 Creekside Dr, Myrtle Beach, SC 29588-6929
      View Details
    • Value Estimation by Request
      1,890 SF

      8378 Woodland Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,890 SF
      8378 Woodland Dr, Myrtle Beach, SC 29588-7526
      View Details

    Similar Nearby for Sale

    • $1,025,000

      Forestbrook Road Commercial Property

      Two-unit commercial property on Forestbrook Road in Myrtle Beach.
      3054 Forestbrook Rd, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing
      912 SF

      Myrtle Beach Condo with Balcony

      Two-bedroom condo in Myrtle Beach, suitable for rental or starter home.
      500 Oak Circle Dr, Myrtle Beach, SC 29588
      View Details
    • New
      $899,999
      5,556 SF

      Commercial Property in Myrtle Beach

      Commercial property for sale in a fast-growing Myrtle Beach area.
      100 Lichen Ct, Myrtle Beach, SC 29588
      View Details
    • $575,000

      Commercial Building and Business Opportunity

      Established business for sale in prime Myrtle Beach location.
      3054 Forestbrook Rd, Myrtle Beach, SC 29588
      View Details
    • $1,744,000
      2,714 SF

      Black Rifle Coffee Company For Sale

      Drive-thru coffee shop with a long-term net lease.
      118 Loyola Dr, Myrtle Beach, SC 29588
      View Details
    • $1,900,000
      2,000 SF

      Myrtle Beach Storage Facility Opportunity

      Self and boat storage facility with expansion potential in Myrtle Beach.
      7481 Enterprise Rd, Myrtle Beach, SC 29588
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Pad Sites For Lease

      Multiple retail pad sites available for lease in Myrtle Beach.
      Myrtle Beach, SC 29588
      View Details
    • $1,250 /Mo

      New Storage Executive Centre

      Storage units with climate control, suitable for various business needs.
      8390 Highway 707, Myrtle Beach, SC 29588
      View Details
    • $13 SF/Yr
      1,800 SF

      Holmestown Road Office Space

      1,800 sq ft Office, Prime Location
      3260 Holmestown Rd D, Myrtle Beach, SC 29588
      View Details
    • $5,500 /Mo
      3,120 SF

      Highway 17 Bypass Commercial Space

      Versatile commercial property on high-traffic Highway 17 Bypass in Myrtle Beach.
      4807 S Highway 17 Byp, Myrtle Beach, SC 29588
      View Details
    • Contact for pricing

      High-Visibility Commercial Space on Socastee Boulevard

      Flexible commercial space with high traffic and excellent visibility.
      4300 Socastee Blvd, Myrtle Beach, SC 29588
      View Details
    • $89,000

      Socastee Commercial Land - Hwy 707

      Prime 1.05-acre commercial lot, Hwy 707 access.
      SC-707 And Grand Oak Blvd, Myrtle Beach, SC 29588
      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.
    Myrtle Beach, SC 29588
    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.
    Sign Up Successful!
    You now have access to more from Realmo!