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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hinson Dr Myrtle Beach, SC 29579

    • High-rise multifamily apartments
    • 157,808 SF
    • 18.32 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $32,906,768
    Value Estimations
    $32,680,000
    Show details
    Cap Rate Potential
    2.8%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US77-2648745
    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

    • High-rise multifamily apartments

    Property Details for Hinson Dr

    Construction
    WOOD
    Lot size
    18.32 lot acres
    Property size
    157,808 SF
    Property type
    High-rise multifamily apartments
    APN
    395-00-00-0024
    APU
    39500000024

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $24,280,000
      6.5%
      $22,410,000
      7%
      $20,810,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $42,358,000
      Market price range: $13.2M - $42.4M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8477
    Latitude
    33.7605
    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
    $748,949
    $274,800
    $2,675,950
    $2,950,750
    -
    $4,580,000
    $44,599,200
    $49,179,200

    Comparable in this City

    • Value Estimation
      $9,200,000
      62,568 SF

      109 Vlg Ctr Blvd

      HIGH-RISE APARTMENTS • 62,568 SF
      109 Vlg Ctr Blvd, Myrtle Beach, SC 29579
      View Details
    • Value Estimation
      $1,225,000
      7,072 SF

      3675 Claypond Rd

      GARDEN APT, COURT APT (5+ UNITS) • 7,072 SF
      3675 Claypond Rd, Myrtle Beach, SC 29579-7389
      View Details
    • Value Estimation
      $3,705,000
      23,410 SF

      Hinson Dr

      GARDEN APT, COURT APT (5+ UNITS) • 23,410 SF
      Hinson Dr, Myrtle Beach, SC 29579
      View Details
    • Value Estimation by Request
      13,680 SF

      4945 Signature Dr

      GARDEN APT, COURT APT (5+ UNITS) • 13,680 SF
      4945 Signature Dr, Myrtle Beach, SC 29579
      View Details
    • Value Estimation
      $970,000
      1,600 SF

      620 Flintlake Ct

      GARDEN APT, COURT APT (5+ UNITS) • 1,600 SF
      620 Flintlake Ct, Myrtle Beach, SC 29579-7574
      View Details
    • Value Estimation
      $1,580,000
      8,604 SF

      2062 Silvercrest Dr

      GARDEN APT, COURT APT (5+ UNITS) • 8,604 SF
      2062 Silvercrest Dr, Myrtle Beach, SC 29579-4235
      View Details

    Similar Nearby for Sale

    • $179,900
      756 SF

      Furnished Condo with Golf Views

      Remodeled, furnished 2-bedroom condo with golf course views.
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      View Details
    • $174,899
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      Updated Condo in Bay Meadows

      2-bed, 2-bath condo with updated features and community amenities.
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    • $254,900
      992 SF

      Intracoastal Waterway Condo with Views

      Updated 2-bedroom condo with waterway views and resort-style amenities.
      698 Riverwalk Dr, Myrtle Beach, SC 29579
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    • $199,900
      1,050 SF

      Updated Condo in Heatherstone Community

      Updated two-bedroom condo with community pool and pond views.
      505 Wickham Dr, Myrtle Beach, SC 29579
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    • $1,250,000

      Turnkey Myrtle Beach Triplex

      Multifamily investment with immediate cash flow and growth potential.
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      995 SF

      River Oaks Condo with Golf Views

      Move-in ready condo with golf course views and resort-style amenities.
      606 River Oaks Dr, Myrtle Beach, SC 29579
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo

      Furnished Condo Near Golf Courses

      Move-in-ready condo near attractions, shopping, and entertainment.
      1204 River Oaks Dr, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing
      160,000 SF

      Prime Industrial Space Near Airport

      Industrial space for rent, close to Myrtle Beach Airport.
      2925 Fantasy Way, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing

      Retail Space on Highway 501

      Retail space in Myrtle Beach with high traffic volume.
      4635 Factory Stores Blvd, Myrtle Beach, SC 29579
      View Details
    • $14 SF/Yr
      45,600 SF

      Retail Space Near Tanger Outlets

      Vanilla box retail space available in high-traffic Myrtle Beach corridor.
      1049 Glenforest Rd, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing
      2 SF

      Socastee Flex Space Opportunity

      Two-acre industrial flex space; build-to-suit available.
      0 Wesley St, Myrtle Beach, SC 29579
      View Details
    • Contact for pricing

      Commercial Land in Myrtle Beach

      Multiple outparcels available along International Drive in Myrtle Beach.
      Myrtle Beach, SC 29579
      View Details
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    Hinson Dr
    Myrtle Beach, SC 29579
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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