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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Garden apartment buildings
902 67th N Ave Myrtle Beach, SC 29572-3711
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-2071805
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1994
Construction
CONCRETE
Total area
6,076 SF
Lot
4.41 ac (192,100 SF)
Zoning code
RM-
APN
421-03-04-0002
UPID
US77-2071805
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
$1.17M
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.05M
Owner & transaction history
Ac Cloisters Apts LLC · 2 yrs held
Ac Cloisters Apts LLC
since 2023
7 recorded transactions
Zoning & alternative use
RM- · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,165,000
CAP Approach
CAP Return
Estimation
6%
$935,000
6.5%
$865,000
7%
$800,000
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±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
$172 / 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
$154,290
Tax year 2023
Assessed value
$338,670
Assessed 2023
Effective rate
45.56%
On assessed value
Assessed land
$92,610
Assessed improvement
$246,060
Land market value
$1,543,500
Improvement market value
$4,101,000
Total market value
$5,644,500
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
1994
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
3
Total area
6,076 SF
Lot
4.41 ac (192,100 SF)
Zoning code
RM-
APN
421-03-04-0002
UPID
US77-2071805
Jurisdiction
HORRY
Zoning & alternative use
RM- · Myrtle Beach, SC
Zoning RM- · permitted uses
RM- · 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
1994
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
3
Lot
4.41 ac
Current owner
From public records · entity-resolved
Ac Cloisters Apts LLC
Entity
Free & Clear · 2 yrs held
Mailing address
21 W 38TH ST FL #11, NEW YORK, NY 10018-2250
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
—
Ac Cloisters Apts LLC
Cloisters Apts Sk 2022 LLC
Warranty Deed
—
Jul 27, 2022
$13,800,000
Ac Cloisters Apts LLC
Cloisters Apts Sk 2022 LLC
Warranty Deed
—
Jul 27, 2022
—
Cloisters Apts Sk 2022 LLC
Cloisters Apts 2020 LLC
Warranty Deed
—
Jun 21, 2018
$5,600,000
Cloisters Cap LLC
Cloisters LLC
Warranty Deed
related
$4,200,000 · Wells Fargo Bk
Jul 28, 2017
—
Cloisters LLC
—
Deed
related
$3,700,000 · Synovus Bk
Sep 7, 2006
$5,600,000
Cloisters LLC
Corbett Pts
Warranty Deed
$3,600,000 · Branch Bk&tr/sc
—
—
Cloisters LLC
—
Deed Of Trust
related
$3,700,000 · Synovus Bk
—
—
Cloisters LLC
—
Deed Of Trust
related
$3,760,000 · Nbsc
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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