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Property profile & analytics
OFF-MARKET
Estimated value
$4,340,000
Garden apartment buildings
3909 Carnegie Ave Myrtle Beach, SC 29588-1143
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US77-1667134
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1999
Construction
WOOD
Total area
18,234 SF
Lot
25.33 ac (1,103,375 SF)
Zoning code
GR
APN
441-00-00-0190
UPID
US77-1667134
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.34M
Owner & transaction history
Ttp South Palmetto LLC · 20 yrs held
Ttp South Palmetto LLC
since 2005
4 recorded transactions
Zoning & alternative use
GR · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,880,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.34M
Range $3.91M – $4.77M · ±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
$238 / 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
$178,759
Tax year 2023
Assessed value
$790,498
Assessed 2023
Previous assessed
$790,498
+0.0% YoY
Effective rate
22.61%
On assessed value
Assessed land
$104,866
Assessed improvement
$685,632
Land market value
$3,039,600
Improvement market value
$16,319,500
Total market value
$19,359,100
Applied tax rate
630.0000
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
1999
Construction
WOOD
Heating
SOLAR
Cooling
CENTRAL
Buildings
12
Total area
18,234 SF
Lot
25.33 ac (1,103,375 SF)
Zoning code
GR
APN
441-00-00-0190
UPID
US77-1667134
Jurisdiction
HORRY
Zoning & alternative use
GR · Myrtle Beach, SC
Zoning GR · permitted uses
GR · 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
AUTO REPAIR, GARAGE
Est. value
$6.9M
AUTO REPAIR, GARAGE
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
1999
Construction
WOOD
Heating
SOLAR
Cooling
Yes
Buildings
12
Lot
25.33 ac
Current owner
From public records · entity-resolved
Ttp South Palmetto LLC
Entity
Mailing address
5605 GLENRIDGE DR #1, ATLANTA, GA 30342-1365
Ownership since
2005
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
Nov 2, 2021
—
Ttp South Palmetto LLC
—
Deed
related
$30,000,000 · Gim Us Cml Fund
Aug 2, 2005
$22,750,000
Ttp South Palmetto LLC
Ra2 Palmetto Pointe LLC
Grant Deed
$18,500,000 · Wachovia Bk
Aug 16, 2004
—
Ra2 Palmetto Pointe LLC
Regent Palmetto Pointe LLC
Quit Claim Deed
related
—
Aug 16, 2004
$298,398
Ra2 Palmetto Pointe LLC
Regent Palmetto Pointe LLC
Grant Deed
—
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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