Building Details

Floors in Building 2

Number of units 28

Listing Agency: James W Smith Real Estate Co l***@jwsre.com Show Phone

Listed By: Jimmy Smith Show Phone

Added: Apr 15 Changed: Oct 8 Last Checked: Oct 13 at 3:06PM

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MLS# 2609722

Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property comprises seven buildings with 28 multi-unit townhomes totaling 34,720 square feet on 1 acre. The residences feature spacious layouts and private screened porches, creating a consistent configuration across the portfolio. A community pool is available for residents within the development.

Located at 4601 Lomax Ct. in Murrells Inlet, South Carolina, the property carries MF zoning and is positioned in the Lowcountry community. The offering combines multiple residential buildings and shared amenities within a single assembled asset.

Key Highlights

• Seven buildings containing 28 multi‑unit townhomes
• 34,720 square feet across the portfolio
• 1‑acre multifamily property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$320,510

Cap Rate

6.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,410,200 $6.4M

Cap Rate 7%

$4,578,714 $4.6M

Cap Rate 9%

$3,561,222 $3.6M

Market Conditions

NOI Build-Up for 34,720 SF

Gross rent

$608.3K $17.52/SF

− Vacancy

−$25.5K −$0.74/SF

EGI

$582.7K $16.78/SF

− OpEx

−$262.2K −$7.55/SF

NOI

$320.5K $9.23/SF

Area

Horry County, SC

Vacancy

4.20%

Lease Rate

$17.52 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,410,200

Cap Rate 7%

$4,578,714

Cap Rate 9%

$3,561,222

Alternative Uses

Best Use

Apartment 5plus

$4.58M

$4.01M – $5.34M (±1% cap)

NOI $320,510 @ 7.0% cap · market cap 6.41%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.80M

$7.70M – $10.27M (±1% cap)

NOI $615,961 @ 7.0% cap · market cap 12.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Bakery Pharmacy (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28

Residential units

Location Intelligence

Trade Area within ½ mile

441

Businesses Nearby

Explore this area Business Placement

Demographics for 29576, SC

32,476

Population

22,097

Households

1.5

Avg Household Size

61

Median Age

32%

College-Educated

96%

High-School Grad

30.5 sq mi

ZIP Area

1,065

Density / Sq Mi

$70,343

Median Household Income

$36,352

Median Earnings

$1,467

Median Rent

$315,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Seven-building multifamily offering with townhome layouts, screened porches, and access to a community pool.

Where is this apartment building located?

The property is located at 4601 Lomax Ct. Murrells Inlet, SC.

What is the asking price?

The asking price for this property is $4,998,000.

What are key features of this property?

This property features: Seven buildings containing 28 multi‑unit townhomes; 34,720 square feet across the portfolio; 1‑acre multifamily property