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    Property profile & analytics

    518 Richway Dr Murrells Inlet, SC 29576-7857

    • Garden apartment buildings
    • 5,820 SF
    • 3.87 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 06, 2024
    Location Intelligence
    Property ID
    US77-2090850
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 518 Richway Dr

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    3.87 lot acres
    Property size
    5,820 SF
    Zone code
    GR
    Property type
    Garden apartment buildings
    APN
    462-16-03-0105
    APU
    46216030105

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Horry
    State
    South Carolina
    Longitude
    -79.0116
    Latitude
    33.5904
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,893
    $25,636
    $122,440
    $148,076
    -
    $528,300
    $2,902,700
    $3,431,000

    Comparable in this City

    • Value Estimation by Request
      1,904 SF

      2889 Palm Rd

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2889 Palm Rd, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      7,623 SF

      145 Colonial Cir

      GARDEN APT, COURT APT (5+ UNITS) • 7,623 SF
      145 Colonial Cir, Murrells Inlet, SC 29576-8533
      View Details
    • Value Estimation by Request
      4,644 SF

      11949 Grandhaven Dr

      GARDEN APT, COURT APT (5+ UNITS) • 4,644 SF
      11949 Grandhaven Dr, Murrells Inlet, SC 29576
      View Details
    • Value Estimation by Request
      1,904 SF

      2895 Augusta Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2895 Augusta Cir, Murrells Inlet, SC 29576-8281
      View Details
    • Value Estimation by Request
      1,904 SF

      2894 Augusta Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,904 SF
      2894 Augusta Cir, Murrells Inlet, SC 29576-8281
      View Details
    • Value Estimation
      $2,320,000
      6,382 SF

      225 Wesley Rd

      GARDEN APT, COURT APT (5+ UNITS) • 6,382 SF
      225 Wesley Rd, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Sale

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      Updated 1 bed, 1 bath unit with resort-style amenities.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,500 SF

      Murrells Inlet Office Space For Lease

      1,500 SF Office, Prime Location, Available Now
      11947 Grandhaven Dr, Murrells Inlet, SC 29576
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    • $4,446 /Mo
      3,050 SF

      Premium Office Space in Murrells

      Premier business center with high exposure and supportive neighbors.
      640 Morse Ave, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing

      Commercial Land in Murrells Inlet

      Outparcel opportunity on Hwy 17 in Murrells Inlet.
      Murrells Inlet, SC 29576
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    • $27 SF/Yr
      2,420 SF

      Office Space in Murrells Inlet

      2,420 SF office space available for rent 8/15/24.
      600 Garden City Connector, Murrells Inlet, SC 29576
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    • $1,650 /Mo
      900 SF

      Highway 17 Retail/Office Space

      900 SF retail or office space on Highway 17.
      3940 Highway 17 South, Murrells Inlet, SC 29576
      View Details
    • $3,038 /Mo
      1,519 SF

      Highway 17 Retail Space Available

      1519 SF retail or office space with drive-through in Murrells Inlet.
      3944 Highway 17 South, Murrells Inlet, SC 29576
      View Details
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    Murrells Inlet, SC 29576-7857
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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