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Property profile & analytics
FOR SALE
Garden apartment buildings
312 6Th Ave N Myrtle Beach, SC 29577
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-0440367
For Sale
1 / 6
$3,149,000
312 6Th Ave N, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1955
Construction
CONCRETE BLOCKS
Total area
2,368 SF
Lot
0.6 ac (26,136 SF)
Zoning code
TA8
APN
444-01-04-0052
UPID
US77-0440367
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
-
Man Up The Strand Hardware & Home Improvement General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.09M
Owner & transaction history
LP Property LLC · 1 yrs held
LP Property LLC
since 2024
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+102.0%
Auto repair, garage
$895,000
+32.8%
Medical building
$715,000
+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
$1,030,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$670,000
Current use
COMMERCIAL (GENERAL)
$1,360,000
Change: +102% · Conversion: Moderate
AUTO REPAIR, GARAGE
$895,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$460 / 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
$11,045
Tax year 2023
Assessed value
$29,580
Assessed 2023
Previous assessed
$29,580
+0.0% YoY
Effective rate
37.34%
On assessed value
Assessed land
$14,256
Assessed improvement
$15,324
Land market value
$237,600
Improvement market value
$255,400
Total market value
$493,000
Applied tax rate
893.0000
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
1955
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
YES
Buildings
4
Total area
2,368 SF
Lot
0.6 ac (26,136 SF)
Zoning code
TA8
APN
444-01-04-0052
UPID
US77-0440367
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SC
Zoning TA8 · permitted uses
TA8 · 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
$670,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$895,000
MEDICAL BUILDING
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL 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
1955
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Buildings
4
Lot
0.6 ac
Current owner
From public records · entity-resolved
LP Property LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3760 WATERFORD DR N, MYRTLE BEACH, SC 29577-5845
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
—
LP Property LLC
Samuel Laniado
Warranty Deed
—
Aug 15, 2024
$1,050,000
Aviv Arkin
Kinfolks Investments LLC
Warranty Deed
—
Apr 26, 2022
—
Gbt Properties Of Myrtle Beach
—
Deed
related
$2,000,000 · Anderson Brothers Bank
Sep 22, 2021
$650,000
Kinfolks Investments LLC
Noel Court LLC
Warranty Deed
$300,000 · Noel Court
Dec 13, 2019
—
Noel Court LLC
Robert J Marlowe
Warranty Deed
related
—
Nov 18, 2019
—
Robert J Marlowe
Jeffrey J Marlowe
Quit Claim Deed
related
—
Sep 22, 2017
—
Joseph J Marlowe
Joseph J Marlowe
Quit Claim Deed
related
—
—
—
Marlowe,joseph J
—
Deed Of Trust
related
$180,000 · Branch Bk&tr
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?”
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