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Property profile & analytics
FOR SALE
Garden apartment buildings
1304 Dunbar St Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-0773725
For Sale
1 / 18
$420,000
1304 Dunbar St, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1951
Total area
2,525 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM8
APN
424-16-02-0002
UPID
US77-0773725
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
$810k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$605k
Owner & transaction history
Mb Apts 1a LLC · 4 yrs held
Mb Apts 1a LLC
since 2022
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
RM8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$950,000
+32.8%
Medical building
$760,000
+6.1%
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
$775,000
ML approach
$810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$715,000
Current use
AUTO REPAIR, GARAGE
$950,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$760,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$615,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$605k
Range $545k – $666k · ±10% · vs last sale $550k (Mar 29 2022)
Last sale anchor
$550k
Mar 29 2022
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
$240 / 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
$6,762
Tax year 2023
Assessed value
$13,889
Assessed 2023
Effective rate
48.69%
On assessed value
Assessed land
$9,563
Assessed improvement
$4,326
Land market value
$159,380
Improvement market value
$72,100
Total market value
$231,480
Applied tax rate
880.0000
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
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
For Sale
Year built
1951
Heating
NONE
Total area
2,525 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM8
APN
424-16-02-0002
UPID
US77-0773725
Jurisdiction
HORRY
Zoning & alternative use
RM8 · Myrtle Beach, SC
Zoning RM8 · permitted uses
RM8 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$950,000
MEDICAL BUILDING
Est. value
$760,000
OFFICE BUILDING
Est. value
$615,000
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1951
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mb Apts 1a LLC
Entity
Free & Clear · 4 yrs held
Mailing address
85 BROAD ST FL #17, NEW YORK, NY 10004-2783
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$550,000
Mb Apts 1a LLC
Dunbar Isr LLC
Warranty Deed
—
Nov 6, 2020
—
Dunbar Isr LLC
—
Deed
related
$205,000 · United Cmnty Bk
May 8, 2020
$225,000
Dunbar Isr LLC
Christian E Paino
Warranty Deed
—
Oct 24, 2013
$95,000
Christian E Paino
Bayview Ln Svcg LLC
Grant Deed
—
Oct 24, 2013
—
Christian E Paino
Christian E Paino
Quit Claim Deed
related
—
Jul 3, 2013
$2,500
Bayview Ln Svcg LLC
Master In Equity Of Horry County|sherald,henry D
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 29, 2007
—
Sherald,henry D
Pearlie M Sherald
Quit Claim Deed
related
—
Jan 5, 2007
—
Sherald,pearlie M
Henry D Sherald
Quit Claim Deed
related
—
Jun 7, 2006
—
Sherald,henry D & Pearlie M
Seneca T Sherald
Quit Claim Deed
related
—
Jun 27, 2005
—
Sherald,seneca T
Pearlie M Sherald
Quit Claim Deed
related
—
—
—
Sherald,henry D
—
Deed Of Trust
related
$150,000 · Commercial Fndg
—
—
Dunbar Isr LLC
—
Deed Of Trust
related
$205,000 · United Cmnty Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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