Entity Owned Property summary
AI-generated overview
This 16-unit apartment building is located in Murrells Inlet, South Carolina, approximately 1.3 miles from the beach, at 141 & 145 Colonial Circle (29576). The property consists of eight 1-bedroom/1-bath units and eight 2-bedroom/2-bath units. The units have been renovated and include granite countertops, stainless-steel appliances, and oversized washer and dryers. Heating, ventilation, and air conditioning equipment is maintained under service contracts that include biannual service and discounted maintenance and repair. The building is configured for residential rental use and is supported by professional property management; detailed operating and income/expense figures are not included in the provided description.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Construction
CONCRETE
Total area
7,623 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GR
APN
462-16-03-0018
UPID
US77-1927269
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$960k
Owner & transaction history
since 2012
2 recorded transactions
Zoning & alternative use
GR · Murrells Inlet, SC
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$960k
Value range
$864k – $1.06M
±10% around blend
Estimated value / SF
$126 / SF
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$864k
blend $960k
$1.06M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,623 SF
Lot area
0.23 ac
Year built
1984
APN
462-16-03-0018
Zoning
GR
Assessed value
$27,668
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.09M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.18M
@ 6.5% CAP return
$1.09M
@ 7% CAP return
$1.01M
4
Sales comparison
Partial preview
Sales approach indication
$654k
Range $654k – $1.95M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$960k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 86 sales
$413
-69%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $126/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$28k
Move the market yield to see immediate price impact.
Value / SF
$4
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$2k
$35k
$25k
$19k
$2k
$39k
$28k
$22k
$2k
$43k
$30k
$24k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$27,668
Assessed 2023
Assessed land
$9,173
Assessed improvement
$18,495
Land market value
$152,880
Improvement market value
$406,300
Total market value
$559,180
Applied tax rate
610.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1984
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
7,623 SF
Lot
0.23 ac (10,019 SF)
Zoning code
GR
APN
462-16-03-0018
UPID
US77-1927269
Jurisdiction
HORRY
Zoning & alternative use
GR · Murrells Inlet, SCZoning GR · permitted uses
GR · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1984
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GR
Jurisdiction
Murrells Inlet, SC
Recorded code
GR
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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