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Property profile & analytics
OFF-MARKET
Estimated value
$12,765,000
Garden apartment buildings
404 17th N Ave Myrtle Beach, SC 29577-3659
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-0266361
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1974
Total area
2,156 SF
Lot
0.21 ac (9,148 SF)
Zoning code
TA1
APN
424-15-04-0230
UPID
US77-0266361
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
$11.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.77M
Owner & transaction history
Rh Myrtle Beach Hospitality LLC · 4 yrs held
Rh Myrtle Beach Hospitality LLC
since 2022
Last sale
$11.5M
6 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
$16,235,000
ML approach
$11,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.77M
Range $11.49M – $14.04M · ±10% · vs last sale $11.50M (Apr 29 2022)
Last sale anchor
$11.50M
Apr 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
$5,921 / 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
$4,248
Tax year 2023
Assessed value
$15,000
Assessed 2023
Effective rate
28.32%
On assessed value
Assessed land
$14,388
Assessed improvement
$612
Land market value
$239,800
Improvement market value
$10,200
Total market value
$250,000
Applied tax rate
899.0000
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
1974
Heating
HEAT PUMP
Cooling
YES
Stories
10
Total area
2,156 SF
Lot
0.21 ac (9,148 SF)
Zoning code
TA1
APN
424-15-04-0230
UPID
US77-0266361
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
1974
Heating
HEAT PUMP
Cooling
Yes
Stories
10
Lot
0.21 ac
Current owner
From public records · entity-resolved
Rh Myrtle Beach Hospitality LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1909 WOODALL RODGERS FWY, DALLAS, TX 75201-2232
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$11,500,000
Rh Myrtle Beach Hospitality LLC
Mbsc Oz Holdings LLC
Warranty Deed
—
Feb 11, 2019
$10,500,000
Mbsc Oz Hldgs LLC
Buchanan Motels LLC
Grant Deed
$5,250,000 · New Era Bk
Aug 27, 2010
—
Buchanan Motels LLC
—
Grant Deed
related
$7,488,515 · George B JR Buchanan
Jan 28, 2010
$4,800,000
Buchanan Motels LLC
National Bk Of Sc
Grant Deed
—
Jul 31, 2009
$400,000
National Bk Of Sc
Master-in-equity Of Horry Cnty
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 3, 2006
$600,000
Commodore Motels INC Of Conway
Isi
Grant Deed
$570,000 · 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.
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