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Property profile & analytics
OFF-MARKET
Estimated value
$7,585,000
Garden apartment buildings
307 18th S Ave Myrtle Beach, SC 29577-4616
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0911692
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1970
Construction
CONCRETE
Total area
2,060 SF
Lot
0.3 ac (13,068 SF)
Zoning code
TA1
APN
443-15-03-0105
UPID
US77-0911692
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
$7.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.59M
Owner & transaction history
Abajeebapa Seaside Suites LLC · 2 yrs held
Abajeebapa Seaside Suites LLC
since 2024
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
TA1 · 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
$7,585,000
ML approach
$7,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±10% · vs last sale $7.59M (Mar 20 2024)
Last sale anchor
$7.59M
Mar 20 2024
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
$3,682 / 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
$4,213
Tax year 2023
Assessed value
$15,420
Assessed 2023
Previous assessed
$15,420
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$9,450
Assessed improvement
$5,970
Land market value
$157,500
Improvement market value
$99,500
Total market value
$257,000
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
Off-Market
Year built
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
3
Total area
2,060 SF
Lot
0.3 ac (13,068 SF)
Zoning code
TA1
APN
443-15-03-0105
UPID
US77-0911692
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SC
Zoning TA1 · permitted uses
TA1 · 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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Abajeebapa Seaside Suites LLC
Entity
Free & Clear · 2 yrs held
Mailing address
307 18TH AVE S, MYRTLE BEACH, SC 29577-4616
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$7,586,500
Abajeebapa Seaside Suites LLC
Lcof Myrtle Beach Investment LLC
Warranty Deed
—
Apr 10, 2018
$12,250,000
Lcof Myrtle Bch Invs LLC
Robertson Fam Invs LLC
Grant Deed
$8,735,000 · Pnc Bk
Jun 24, 2016
—
Robertsoon Fam Invs LLC
—
Grant Deed
related
$4,262,483 · Conway Nat'l Bk
Jan 10, 2012
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$315,000 · South Atlantic Bk
Feb 7, 2011
—
Robertson Family Invs LLC
—
Grant Deed
related
$4,600,000 · South Atlantic Bk
Dec 4, 2009
—
Robertson Family Invs LLC
—
Loan Modification
related
$4,360,000 · South Atlantic Bk
Jan 9, 2008
$575,000
Robertson Family Invs LLC
Gary Gerringer
Grant Deed
$575,000 · Carolina First Bk
May 16, 2006
—
Gerringer,gary & Brenda
Rhinos In Real Estate LLC
Quit Claim Deed
related
—
Oct 10, 2005
$475,000
Rhinos In Real Estate LLC
Eugene M Fam
Warranty Deed
$450,000 · Odessa G Brown
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$140,000 · South Atlantic Bk
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$4,360,000 · South Atlantic 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.
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