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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Garden apartment buildings
602 3rd St, Murrells Inlet, SC 29576
Individually Owned
9-yr Hold
Free & Clear
Property ID
US77-0459786
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1984
Total area
4,896 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MR7
APN
470-02-01-0021
UPID
US77-0459786
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
$695k
Comparable Approach
Comparable
$486k
Blend (final)
Blend
$715k
Owner & transaction history
Roger M Lee · 9 yrs held
Roger M Lee
since 2016
7 recorded transactions
Zoning & alternative use
MR7 · Murrells Inlet, 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 Murrells Inlet submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Murrells Inlet 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%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
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
$146 / 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
$4,552
Tax year 2023
Assessed value
$20,700
Assessed 2023
Effective rate
21.99%
On assessed value
Assessed land
$7,880
Assessed improvement
$12,820
Land market value
$131,340
Improvement market value
$231,800
Total market value
$363,140
Applied tax rate
610.0000
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
1984
Heating
SOLAR
Cooling
CENTRAL
Total area
4,896 SF
Lot
0.24 ac (10,454 SF)
Zoning code
MR7
APN
470-02-01-0021
UPID
US77-0459786
Jurisdiction
HORRY
Zoning & alternative use
MR7 · Murrells Inlet, SC
Zoning MR7 · permitted uses
MR7 · Murrells Inlet, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Murrells Inlet. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
SOLAR
Cooling
Yes
Lot
0.24 ac
Current owner
From public records · entity-resolved
Roger M Lee
Individual
Free & Clear · 9 yrs held
Mailing address
1391 HORRY RD, AYNOR, SC 29511-4941
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Sep 9, 2016
$315,000
Roger M Lee
James E Turek
Grant Deed
—
May 12, 2009
$285,000
Turek,james E & Patricia M
3948 LLC
Grant Deed
—
Sep 9, 2008
$221,001
3948 LLC
Special Referee Of Horry Cnty
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
Sep 30, 2005
$349,000
Heon,louis & Pete
Shaun Docking
Grant Deed
$314,100 · Bnc Mtg
Oct 5, 2004
$222,000
Docking,shaun
Janice L Ash
Warranty Deed
$192,000 · American Mtg Ntwk
Apr 27, 2001
$200,000
Janice L Ash
—
Grant Deed
—
Jan 13, 2000
—
Jack W Rimer
—
Deed Of Trust
related
—
—
—
Docking,shaun
—
Deed Of Trust
related
$315,000 · Resource Bk
—
—
Turek,james E
—
Deed Of Trust
related
$228,000 · Conway Nat'l 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.
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