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Property profile & analytics
FOR SALE
Garden apartment buildings
3802 S Ocean Blvd, North Myrtle Beach, SC 29582
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-1716646
For Sale
1 / 56
$1,599,900
3802 S Ocean Blvd, North Myrtle Beach, SC 29582
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Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1954
Construction
CONCRETE
Total area
5,608 SF
Lot
18.65 ac (812,394 SF)
Zoning code
R4
APN
351-14-03-0153
UPID
US77-1716646
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
-
Beachcomber Realty Vacations Rentals Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$795k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.22M
Owner & transaction history
Hazels Child Nmb LLC · 5 yrs held
Hazels Child Nmb LLC
since 2021
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
R4 · North 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$795,000
7%
$740,000
Alternative Use
Use
Estimation
RESTAURANT
$1,970,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.15M (Jul 6 2021)
Last sale anchor
$1.15M
Jul 6 2021
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
$217 / 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
$17,601
Tax year 2023
Assessed value
$76,758
Assessed 2023
Effective rate
22.93%
On assessed value
Assessed land
$62,400
Assessed improvement
$14,358
Land market value
$1,040,000
Improvement market value
$239,300
Total market value
$1,279,300
Applied tax rate
550.0000
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
1954
Construction
CONCRETE
Heating
NONE
Total area
5,608 SF
Lot
18.65 ac (812,394 SF)
Zoning code
R4
APN
351-14-03-0153
UPID
US77-1716646
Jurisdiction
HORRY
Zoning & alternative use
R4 · North Myrtle Beach, SC
Zoning R4 · permitted uses
R4 · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.0M
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
1954
Construction
CONCRETE
Heating
NONE
Lot
18.65 ac
Current owner
From public records · entity-resolved
Hazels Child Nmb LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3907 DOVER PARK RD, GREENSBORO, NC 27407-8261
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
$1,150,000
Hazels Child Nmb LLC
Hazel's Child LLC
Warranty Deed
—
Jun 28, 2018
$950,000
Hazels Child LLC
Shoebuckle Invs LLC
Warranty Deed
$712,500 · Sandhills Bk
Nov 3, 2011
—
Shoebuckle Investments LLC
—
Deed Of Trust
related
$1,650,750 · Nbsc
Feb 23, 2009
$2,000,000
Shoebuckle Investments LLC
Bianja INC
Grant Deed
—
—
—
Bianja INC
—
Deed Of Trust
related
$350,000 · National Bk/sc
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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