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Property profile & analytics
OFF-MARKET
Garden apartment buildings
406 8th S Ave Myrtle Beach, SC 29577-4452
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-1701910
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1950
Construction
CONCRETE
Total area
2,282 SF
Lot
0.17 ac (7,405 SF)
Zoning code
TA8
APN
443-11-02-0130
UPID
US77-1701910
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
South Bear LLC · 2 yrs held
South Bear LLC
since 2024
7 recorded transactions
Zoning & alternative use
TA8 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,431
Assessed 2023
Previous assessed
$9,431
+0.0% YoY
Effective rate
117.11%
On assessed value
Assessed land
$5,400
Assessed improvement
$4,031
Land market value
$90,000
Improvement market value
$79,500
Total market value
$169,500
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
1950
Construction
CONCRETE
Heating
HEAT PUMP
Total area
2,282 SF
Lot
0.17 ac (7,405 SF)
Zoning code
TA8
APN
443-11-02-0130
UPID
US77-1701910
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.
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
HEAT PUMP
Lot
0.17 ac
Current owner
From public records · entity-resolved
South Bear LLC
Entity
Free & Clear · 2 yrs held
Mailing address
406 8TH AVE S, MYRTLE BEACH, SC 29577-4452
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
Mar 26, 2024
—
South Bear LLC
Saara Maherali
Warranty Deed
—
Sep 18, 2023
—
Saara Maherali
—
Deed
related
$529,000 · Haute Capital
Jul 6, 2023
$760,000
Saara Maherali
M And A Commercial LLC
Warranty Deed
—
Aug 3, 2022
$650,000
M And A Commercial LLC
Lky R1 Prop1 LP
Warranty Deed
$520,000 · Anderson Brothers Bank
Nov 4, 2021
$350,000
Lky R1 Prop1 LP
Grivakis Alexandra Tr
Warranty Deed
$250,000 · 406 8th Lender
Oct 11, 2016
—
Grivakis,alexandra Trust
Alexandra Grivakis
Quit Claim Deed
related
—
Feb 12, 2002
—
Grivakis,alexandra Tr
—
Grant Deed
related
—
Nov 15, 2000
$97,000
Alexandra Grivakis
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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