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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11949 Grandhaven Dr Murrells Inlet, SC 29576

    • Garden apartment buildings
    • 4,644 SF
    • 5.19 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2021
    $4,600,000
    Value Estimations
    $4,375,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1893099
    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

    • Garden apartment buildings

    Property Details for 11949 Grandhaven Dr

    Year built
    2002
    Construction
    CONCRETE
    Lot size
    5.19 lot acres
    Property size
    4,644 SF
    Zone code
    HC
    Property type
    Garden apartment buildings
    APN
    469-04-01-0019
    APU
    46904010019

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,792,000
      Market price range: $803k - $5.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -79.025
    Latitude
    33.5858
    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
    $44,974
    $46,710
    $108,195
    $154,905
    -
    $778,500
    $2,417,600
    $3,196,100

    Comparable in this City

    • Value Estimation
      $1,035,000
      5,820 SF

      518 Richway Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,820 SF
      518 Richway Dr, Murrells Inlet, SC 29576-7857
      View Details
    • Value Estimation by Request
      1,904 SF

      2895 Augusta Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2895 Augusta Cir, Murrells Inlet, SC 29576-8281
      View Details
    • Value Estimation by Request
      1,904 SF

      2894 Augusta Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2894 Augusta Cir, Murrells Inlet, SC 29576-8281
      View Details
    • Value Estimation
      $1,920,000
      6,382 SF

      225 Wesley Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,382 SF
      225 Wesley Rd, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      1,904 SF

      2881 Palm Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2881 Palm Rd, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      2,100 SF

      2896 Augusta Cir

      GARDEN APT, COURT APT (5+ UNITS) • 2,100 SF
      2896 Augusta Cir, Murrells Inlet, SC 29576-8281
      View Details

    Similar Nearby for Sale

    • $164,900

      Murrells Inlet Three Bedroom Condo

      Three bedroom condo in Murrells Inlet, South Carolina.
      50 Turning Stone Blvd, Murrells Inlet, SC 29576
      View Details
    • $265,000

      Wachesaw Plantation Golf Course Condo

      Updated 2-bedroom condo in gated golf community near the beach.
      4436 Lady Banks Ln, Murrells Inlet, SC 29576
      View Details
    • $259,900

      Renovated Coastal Retreat with Oceanfront Views

      Updated 1 bed, 1 bath unit with resort-style amenities.
      920 N Waccamaw Dr, Murrells Inlet, SC 29576
      View Details
    • $410,000
      1,631 SF

      Murrells Inlet Golf Villa

      Better than new 3 bedroom, 2 bath golf villa.
      1020 Ray Costin Way, Murrells Inlet, SC 29576
      View Details
    • $249,900
      1,411 SF

      Move-In Ready Condo in Golf Community

      Three-bedroom condo in Blackmoor Golf community, close to beaches.
      339 Black Oak Ln, Murrells Inlet, SC 29576
      View Details
    • $480,000
      2,231 SF

      Tupelo Bay Villa with Pond View

      First-floor, four-bedroom villa with pond view and community amenities.
      1029 Ray Costin Way, 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
    • Contact for pricing

      Commercial Land in Murrells Inlet

      Outparcel opportunity on Hwy 17 in Murrells Inlet.
      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
    • $3,038 /Mo
      1,519 SF

      Highway 17 Retail Space Available

      1519 SF retail or office space with drive-through in Murrells Inlet.
      3944 Highway 17 South, 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
    • $525 /Mo

      Professional Office Suite in Murrells

      Executive office suite with shared amenities on Highway 17.
      3955 Highway 17, 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.
    11949 Grandhaven Dr
    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.