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Property profile & analytics
OFF-MARKET
Garden apartment buildings
412 Balsam St Myrtle Beach, SC 29577-3837
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-0421003
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
2002
Construction
CONCRETE
Total area
2,208 SF
Lot
0.21 ac (9,148 SF)
Zoning code
RM2
APN
443-04-01-0009
UPID
US77-0421003
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
Ray Homes LLC · 1 yrs held
Ray Homes LLC
since 2024
Last sale
$449,900
7 recorded transactions
Zoning & alternative use
RM2 · 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
$3,524
Tax year 2023
Assessed value
$12,900
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$4,320
Assessed improvement
$8,580
Land market value
$72,000
Improvement market value
$143,000
Total market value
$215,000
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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
2,208 SF
Lot
0.21 ac (9,148 SF)
Zoning code
RM2
APN
443-04-01-0009
UPID
US77-0421003
Jurisdiction
HORRY
Zoning & alternative use
RM2 · Myrtle Beach, SC
Zoning RM2 · permitted uses
RM2 · 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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.21 ac
Current owner
From public records · entity-resolved
Ray Homes LLC
Entity
Mailing address
5102 PNE LK DR, MYRTLE BEACH, SC 29577-2435
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$449,900
Ray Homes LLC
Num 412 Carrie Balsam Ltd Co
Warranty Deed
$500,000 · Conway National Bank
Mar 23, 2017
$223,500
412 Carrle Balsam Ltd Co
605 Partners LLC
Grant Deed
—
Mar 27, 2012
$127,500
605 Partners LLC
Ethan Lennon
Grant Deed
$139,000 · Joe Johnson
Dec 2, 2011
$91,313
Lennon,ethan
Master In Equity Of Horry Cnty
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Apr 10, 2006
$285,000
Osborn,john D & Christopher M
Freedom Holdings LLC
Grant Deed
$228,000 · Greenpoint Mtg
Mar 26, 2003
$210,000
Freedom Holdings LLC
—
Grant Deed
related
—
Aug 31, 2001
$40,000
Jack Ward
—
Grant Deed
—
—
—
Lennon,ethan
—
Deed Of Trust
related
$80,355 · Brown Living Trust (pt)
—
—
Osborn,john D & Christopher M
—
Deed Of Trust
related
$260,000 · Wells Fargo Bk
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
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