Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Garden apartment buildings
504 Ocean Blvd North Myrtle Beach, SC 29582-3208
Individually Owned
2-yr Hold
Free & Clear
Property ID
US77-2029130
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1960
Total area
2,460 SF
Lot
12.63 ac (550,163 SF)
Zoning code
R-4
APN
356-08-03-0493
UPID
US77-2029130
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
$1.11M
Owner & transaction history
Richard Kelly Todd · 2 yrs held
Richard Kelly Todd
since 2024
Last sale
$11,111
7 recorded transactions
Zoning & alternative use
R-4 · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,015,000
Current use
COMMERCIAL (GENERAL)
$950,000
Change: -6% · Conversion: Moderate
RETAIL STORES
$905,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±10% · vs last sale $11k (Feb 6 2024)
Last sale anchor
$11k
Feb 6 2024
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
$451 / 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
Assessed value
$19,838
Assessed 2023
Assessed land
$18,113
Assessed improvement
$1,725
Land market value
$400,000
Improvement market value
$43,300
Total market value
$443,300
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
Off-Market
Year built
1960
Heating
NONE
Buildings
2
Total area
2,460 SF
Lot
12.63 ac (550,163 SF)
Zoning code
R-4
APN
356-08-03-0493
UPID
US77-2029130
Jurisdiction
HORRY
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$950,000
RETAIL STORES
Est. value
$905,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1960
Heating
NONE
Buildings
2
Lot
12.63 ac
Current owner
From public records · entity-resolved
Richard Kelly Todd
Individual
Free & Clear · 2 yrs held
Mailing address
504 S OCEAN BLVD, NORTH MYRTLE BEACH, SC 29582-3208
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2024
—
Richard Kelly Todd
Richard Kelly Todd
Warranty Deed
related
—
Feb 8, 2023
$300,000
Richard Kelly Todd
Kermit Davis Todd
Warranty Deed
related
—
Feb 25, 2011
$38,000
Todd,kermit D
Azile S Owens-todd
Warranty Deed
related
—
Sep 17, 2010
$11,111
Todd,kermit D
Deborah D T Martin
Warranty Deed
—
Sep 17, 2010
$3,703
Todd,kermit D
Rebecca D Todd
Warranty Deed
related
—
Aug 10, 2010
$7,407
Todd,kermit D
Joshua K Todd
Warranty Deed
related
—
Jul 15, 2010
$33,333
Todd,kermit D
Leroy Westbury
Warranty Deed
—
Jul 15, 2010
$66,667
Todd,kermit D
Pauline Hardee
Warranty Deed
—
Jun 14, 2010
—
Hardee,pauline
Edwin W Todd
Grant Deed
related
—
Feb 8, 2010
—
Lewis,lori A G
Doris A Todd
Grant Deed
related
—
Dec 17, 2009
—
Owens-todd,azile S
Gene A Todd
Quit Claim Deed
related
—
Nov 3, 2008
—
Martin,deborah D T
Doris A Todd
Quit Claim Deed
related
—
Nov 24, 1999
—
Edwin Westbury Todd
—
Deed Of Trust
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.
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?”
You own 504 Ocean Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
