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Property profile & analytics
OFF-MARKET
Estimated value
$5,160,000
Garden apartment buildings
3701 Kings Hwy Myrtle Beach, SC 29577-2935
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1905549
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1963
Construction
CONCRETE BLOCKS
Total area
14,084 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C-4
APN
424-05-01-0088
UPID
US77-1905549
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Meredith K. Scheer, PharmD Pharmacy
-
Elaine Inigo, PharmD Pharmacy
-
COVID-19 Drive-thru Testing at Walgreens Pharmacy
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$5.16M
Owner & transaction history
Mb Apts 1a LLC · 4 yrs held
Mb Apts 1a LLC
since 2022
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
C-4 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.1M
+102.0%
Auto repair, garage
$5.3M
+32.8%
Medical building
$4.2M
+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
$6,920,000
ML approach
$6,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,000,000
Current use
COMMERCIAL (GENERAL)
$8,080,000
Change: +102% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,315,000
Change: +33% · Conversion: Difficult
MEDICAL BUILDING
$4,245,000
Change: +6% · Conversion: Moderate
OFFICE BUILDING
$3,440,000
Change: -14% · Conversion: Moderate
RESTAURANT
$3,260,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$5.16M
Range $4.64M – $5.68M · ±10% · vs last sale $4.90M (Mar 29 2022)
Last sale anchor
$4.90M
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
$366 / 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
$60,241
Tax year 2023
Assessed value
$169,486
Assessed 2023
Previous assessed
$169,486
+0.0% YoY
Effective rate
35.54%
On assessed value
Assessed land
$98,794
Assessed improvement
$70,692
Land market value
$1,646,570
Improvement market value
$1,178,200
Total market value
$2,824,770
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
1963
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Total area
14,084 SF
Lot
1.89 ac (82,328 SF)
Zoning code
C-4
APN
424-05-01-0088
UPID
US77-1905549
Jurisdiction
HORRY
Zoning & alternative use
C-4 · Myrtle Beach, SC
Zoning C-4 · permitted uses
C-4 · 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
$4.0M
COMMERCIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RESTAURANT
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
1963
Construction
CONCRETE BLOCKS
Heating
FORCED AIR
Cooling
Yes
Buildings
3
Lot
1.89 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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$4,900,000
Mb Apts 1a LLC
Americana LLC
Warranty Deed
—
Jul 26, 2019
—
Americana LLC
—
Deed
related
$2,253,000 · Arbor Com'l Fndg
Jul 24, 2018
$2,482,000
Americana LLC
Chicora Apts LLC
Warranty Deed
$3,720,000 · Wells Fargo Bk
—
—
Americana LLC
—
Deed Of Trust
related
$2,253,000 · Arbor Com'l Fndg
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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