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    The Largest CRE Database in the US with Over 1 Million Listings

    931 S Ocean Blvd North Myrtle Beach, SC 29582

    Sponsored
    For Sale
    $5,999,500

    Quad - North Myrtle Beach, SC

    Days on Market:
    11
    Last Refresh:
    Jan 30 at 7:06 pm

    Property Features for 931 S Ocean Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Parking features
    Other
    Interior features
    Smoke/Heat Detector, Sprinkler System, Fire Alarm
    Exterior features
    Smoke/Heat Detector, Sprinkler System

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Number of units
    4
    Building materials
    Brick, Brick Veneer, Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Logan Rouse

    Realty ONE Group Dockside (843) 492-4030

    Listing agent Logan Rouse (843) 492-4030

    Listing date Jan 20, 2026

    MLS# 2524286 Listing URL

    Copyright © 2026 Coastal Carolina Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Oceanfront Investment Opportunity

    This property presents an outstanding investment opportunity following extensive renovations completed over seven months. Located directly on the shores of North Myrtle Beach at 931 S Ocean Blvd, this quadplex offers immediate rental income potential and long-term value in a desirable location along the Grand Strand. The interconnected units feature four double king beds and 26 bathrooms, accommodating up to 128 people. The property provides up to 20 parking spots, with five spots allocated per unit. The layout is designed for flexibility, accommodating high-demand short-term vacation rentals, seasonal leasing, or a combination of both, supporting year-round occupancy from beachgoers, golfers, and extended-stay visitors. The location provides direct beach access and proximity to Main Street's dining, shopping, and entertainment. Oceanfront properties in this area are limited, and properties like this have a history of maintaining value and performing well as income-producing assets. The location offers opportunities for morning walks on the sand and evenings along Main Street, with convenient access to attractions throughout the Grand Strand, which continues to draw steady demand. The property stands out for its location, flexibility, and lasting value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aces Wild Diamond Lodging

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.6872244
    Latitude
    33.8130135

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    FAQs

    What type of property is this?
    Quadplex - Fully renovated quadplex on North Myrtle Beach with income potential.
    Where is this quadplex located?
    The property is located at 931 S Ocean Blvd North Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $5,999,500.
    What are key features of this property?
    This property features: - Direct Oceanfront Location: Enjoy panoramic Atlantic views and direct beach access in North Myrtle Beach.; - High Rental Income Potential: Fully renovated in 2025 and designed for high-demand short-term vacation rentals with year-round occupancy.; - Exceptional Accommodation Capacity: Inner-connected units with four king beds and 26 bathrooms, accommodating up to 128 people.
    (843) 283-0076
    Request Owner's contact information
    931 S Ocean Blvd North Myrtle Beach, SC 29582
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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
    931 S Ocean Blvd North Myrtle Beach, SC 29582
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    We can help!
    Listing Contact
    Logan Rouse
    Real Estate License ID: 131963
    (843) 283-0076
    Learn more
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