Entity Owned Property summary
AI-generated overview
The property is a six-unit multifamily apartment building located at 610 63rd Ave N in Myrtle Beach, SC 29572, on a spacious lot. It contains approximately 6,900+ heated square feet and is configured for long-term rental use, with a unit mix of four (4) two-bedroom, 1.5-bath apartments and two (2) three-bedroom, 2.5-bath apartments. The building sits within a residential rental corridor near the beach and local amenities such as dining, shopping, and entertainment, and it is positioned to serve year-round tenant demand.
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1972
Construction
CONCRETE
Total area
6,970 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R10
APN
421-06-04-0139
UPID
US77-1662499
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$1.33M
Blend (final)
Blend
$1.13M
Owner & transaction history
since 2022
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
R10 · Myrtle Beach, SC
Zoning description
omplish the purposes set forth in section 104 - Purpose and Intent, the following districts are hereby established: District District Name Classification R5 Single-family Detached Residential Districts Residential R7 R8…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.13M
Value range
$1.02M – $1.24M
±10% around blend
Estimated value / SF
$162 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$1.02M
blend $1.13M
$1.24M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,970 SF
Lot area
0.22 ac
Year built
1972
APN
421-06-04-0139
Zoning
R10
Assessed value
$16,206
Annual tax
$9,835
3
Income approach: direct capitalization
Partial preview
Income approach indication
$990k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.07M
@ 6.5% CAP return
$990k
@ 7% CAP return
$920k
4
Sales comparison
Partial preview
Sales approach indication
$1.33M
Range $1.32M – $8.39M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.13M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 64 sales
$440
-63%
County 86 sales
$413
-61%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $162/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
5.70%
Implied, in-place cap rate for this garden apartment buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$56k *
Last sale · Mar 2022
$800k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$982k
Move the market yield to see immediate price impact.
Value / SF
$141
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$50k
$969k
$884k
$813k
$56k
$1.08M
$982k
$903k
$62k
$1.18M
$1.08M
$994k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,835
Tax year 2023
Assessed value
$16,206
Assessed 2023
Effective rate
60.69%
On assessed value
Assessed land
$4,704
Assessed improvement
$11,502
Land market value
$78,400
Improvement market value
$191,700
Total market value
$270,100
Applied tax rate
880.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Total area
6,970 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R10
APN
421-06-04-0139
UPID
US77-1662499
Jurisdiction
HORRY
Zoning & alternative use
R10 · Myrtle Beach, SCZoning R10 · permitted uses
R10 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
omplish the purposes set forth in section 104 - Purpose and Intent, the following districts are hereby established: District District Name Classification R5 Single-family Detached Residential Districts Residential R7 R8…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1972
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R10
RESIDENTIAL
Jurisdiction
Myrtle Beach, SC
Recorded code
R10
Official district
R10
Official district profile
What the municipal code says about R10
Zoning description
omplish the purposes set forth in section 104 - Purpose and Intent, the following districts are hereby established: District District Name Classification R5 Single-family Detached Residential Districts Residential R7 R8…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R10 in Myrtle Beach, SC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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