$999,000 3,944 SF

818 Bay St, Myrtle Beach, SC 29577
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The property is a renovated multifamily portfolio in Myrtle Beach, South Carolina, comprising two income-producing buildings on Bay St.: one building at 831 Bay St. with three units and a second building at 818 Bay St. with six units. Together, the buildings provide nine total residential units, with each unit configured as two bedrooms and one bathroom. The combined building area is 5,960 square feet. The buildings were constructed in 1972 and are positioned along Bay St., with the units maintained as separate rental residences under the combined ownership configuration.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$2k

Tax billed · 2023

Assessed value$9k

Assessed land$5k

Assessed improvement$4k

Effective rate26.47%

Value estimate

· Nov 2026

$745k

$671k – $820k

AI approach$875k

CAP approach$560k

Submarket $/SF estimate$682k

NOI build-up

Gross scheduled income$69k

Vacancy & credit loss−$3k

Operating expenses−$30k

NOI · 3.64% cap applied$36k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$284/SF

ZIP average, outlier-cleaned · 42 recorded sales of this use type

Observed band · Q1–Q3$173 – $491

Cap rate analysis

How does the asset earn?

3.64%

$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

MR7

JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?

Best fit: Auto Repair Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Auto Repair Shop12.6

Auto Parts Store12.6

Parking Facility12.1

818 Bay St Myrtle Beach, SC 29577

County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby

Address Sale price Sold Size

409 17th N, Myrtle Beach, SC 29577-3662 $1,000,000 Dec 2023 4,080 SF

404 Cedar, Myrtle Beach, SC 29577-3886 $275,000 Apr 2023 4,020 SF

405 19th N, Myrtle Beach, SC 29577-3158 $15,134,657 Sep 2022 3,780 SF

512 29th N, Myrtle Beach, SC 29577-3076 $675,000 Jun 2022 4,640 SF

604 19th N, Myrtle Beach, SC 29577-3185 $995,000 Mar 2022 3,770 SF

1308 Dunbar, Myrtle Beach, SC 29577-3387 $1,320,000 Mar 2022 3,333 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation by Request
4,140 SF

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Value Estimation
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406 6th N Ave

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Value Estimation
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606 20th N Ave

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Value Estimation
$490,000

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1213 Dunbar St

GARDEN APT, COURT APT (5+ UNITS)

1213 Dunbar St, Myrtle Beach, SC 29577-3319

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Value Estimation
$640,000

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1405 Dunbar St

GARDEN APT, COURT APT (5+ UNITS)

1405 Dunbar St, Myrtle Beach, SC 29577-3361

View Details
Value Estimation
$1,005,000

5,248 SF

306 7th N Ave

GARDEN APT, COURT APT (5+ UNITS)

306 7th N Ave, Myrtle Beach, SC 29577

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