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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
1231 Solis Cir Myrtle Beach, SC 29577-1409
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-2384646
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Construction
CONCRETE
Total area
68,488 SF
Lot
17.09 ac (744,440 SF)
APN
446-00-00-0109
UPID
US77-2384646
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bhi Sei Market Common LLC · 5 yrs held
Bhi Sei Market Common LLC
since 2021
Last sale
$56.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$698,417
Tax year 2023
Assessed value
$2,556,426
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$352,080
Assessed improvement
$2,204,346
Land market value
$5,868,000
Improvement market value
$36,739,100
Total market value
$42,607,100
Applied tax rate
895.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Construction
CONCRETE
Heating
NONE
Buildings
8
Total area
68,488 SF
Lot
17.09 ac (744,440 SF)
APN
446-00-00-0109
UPID
US77-2384646
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
CONCRETE
Heating
NONE
Buildings
8
Lot
17.09 ac
Current owner
From public records · entity-resolved
Bhi Sei Market Common LLC
Entity
Mailing address
5605 GLENRIDGE DR STE #1010, ATLANTA, GA 30342-1381
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2021
$56,810,000
Bhi Sei Market Common LLC
Market Common Holdings LLC
Warranty Deed
$35,500,000 · Nationwide
May 3, 2021
—
Bhi Sei Market Common LLC
Market Common Holdings LLC
Warranty Deed
—
Mar 12, 2018
$3,505,985
Market Common Holdings LLC
Santee Land Investments LLC
Grant Deed
related
—
Oct 6, 2017
$2,835,000
Santee Land Investments LLC
Judith A Winn
Grant Deed
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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