Back to Search
Property profile & analytics
FOR SALE
Garden apartment buildings
1405 Dunbar St Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0699530
For Sale
1 / 13
$475,000
1405 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
1965
Total area
4,716 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM8
APN
424-09-03-0045
UPID
US77-0699530
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
Current use
Occupant on record · Public records
-
EmPressedLove & Crafts Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
$670k
Comparable Approach
Comparable
$816k
Blend (final)
Blend
$640k
Owner & transaction history
Mb Apts 1a LLC · 4 yrs held
Mb Apts 1a LLC
since 2022
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
RM8 · Myrtle Beach, SC
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
Method
Estimation
Statistic approach
$735,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
$725,000
6.5%
$670,000
7%
$620,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $520k (Mar 29 2022)
Last sale anchor
$520k
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
$136 / 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
$6,387
Tax year 2023
Assessed value
$14,003
Assessed 2023
Previous assessed
$14,003
+0.0% YoY
Effective rate
45.61%
On assessed value
Assessed land
$4,781
Assessed improvement
$9,222
Land market value
$79,690
Improvement market value
$153,700
Total market value
$233,390
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
1965
Heating
NONE
Total area
4,716 SF
Lot
0.29 ac (12,632 SF)
Zoning code
RM8
APN
424-09-03-0045
UPID
US77-0699530
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.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Mb Apts 1a LLC
Entity
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$520,000
Mb Apts 1a LLC
Dunbar Isr LLC
Warranty Deed
$20,415,000 · Readycap Commercial
Nov 4, 2021
—
Dunbar Isr LLC
—
Deed
related
$300,000 · Conway National Bank
Dec 7, 2020
$235,000
Dunbar Isr LLC
Mekonnen T Tekle
Warranty Deed
—
Jul 30, 2007
$223,000
Tekle,mekonnen
Kamela S Heyward-rotimi
Grant Deed
$280,000 · Horry Cnty St Bk
Dec 17, 2002
—
Eugene H Wade
—
Grant Deed
related
—
Dec 13, 2002
—
Kamela S Heyward-rotimi
—
Grant Deed
related
—
Feb 6, 2002
—
Kamela S Heyward-rotimi
—
Grant Deed
related
—
—
—
Heyward-rotimi,kamela S
—
Deed Of Trust
related
$195,000 · Comerica 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
