Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Retail space
Ocean Blvd Myrtle Beach, SC 29577
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1456780
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Total area
5,172 SF
Lot
17.91 ac (780,160 SF)
Zoning code
TA8
APN
424-15-02-0147
UPID
US77-1456780
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
$2.30M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.82M
Owner & transaction history
Prime Concepts Group LLC · 3 yrs held
Prime Concepts Group LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+220.6%
Auto repair, garage
$2.0M
+110.8%
Medical building
$1.6M
+68.4%
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
$2,340,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,965,000
Change: +221% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,950,000
Change: +111% · Conversion: Difficult
MEDICAL BUILDING
$1,560,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,470,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,265,000
Change: +36% · Conversion: Easy
RESTAURANT
$1,195,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.88M (Jun 2 2023)
Last sale anchor
$1.88M
Jun 2 2023
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
$351 / 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
$21,461
Tax year 2023
Assessed value
$75,775
Assessed 2023
Previous assessed
$75,775
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$31,471
Assessed improvement
$44,304
Land market value
$524,520
Improvement market value
$738,400
Total market value
$1,262,920
Applied tax rate
899.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2009
Heating
SOLAR
Cooling
CENTRAL
Total area
5,172 SF
Lot
17.91 ac (780,160 SF)
Zoning code
TA8
APN
424-15-02-0147
UPID
US77-1456780
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SC
Zoning TA8 · permitted uses
TA8 · 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
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2009
Heating
SOLAR
Cooling
Yes
Lot
17.91 ac
Current owner
From public records · entity-resolved
Prime Concepts Group LLC
Entity
Mailing address
PO BOX 590, MYRTLE BEACH, SC 29578-0590
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
—
Prime Concepts Group
—
Deed
related
$650,000 · Anderson Brothers Bank
Jun 2, 2023
$1,880,000
Prime Concepts Group LLC
Oceans 19 LLC
Warranty Deed
$1,440,000 · Anderson Brothers Bank
Dec 11, 2017
$1,770,000
Oceans 19 LLC
Wright Ave Assoc LLC
Warranty Deed
$1,288,500 · Crescom Bk
Apr 11, 2016
$1,770,000
Wright Ave Associates Blvd LLC
706 N Ocean Blvd LLC
Grant Deed
—
Nov 4, 2014
$1,530,000
706 N Ocean Blvd LLC
Beach Bums Of Sc LLC
Grant Deed
$2,200,000 · Crescom Bk
Aug 28, 2008
—
Beach Bums Of Sc LLC
—
Grant Deed
related
$1,508,750 · Crescent Bk
—
—
Beach Bums Of Sc LLC
—
Deed Of Trust
related
$175,000 · Crescent Bk
—
—
Beach Bums Of Sc LLC
—
Deed Of Trust
related
$250,000 · Crescom Bk
—
—
Beach Bums Of Sc LLC
—
Deed Of Trust
related
$850,000 · Aj Square INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Ocean Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
