35-Unit Motel with
For Sale
$2,300,000
101 Flagg St., Myrtle Beach, SC 29577
COMMERCIAL/INDUSTRIAL, Myrtle Beach, SC
Property Size23,000 SF
Lot Size0.47 Acres
Price / SF$100
Days on Market109
Property Features for 101 Flagg St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Exterior features
Fixtures/Furniture, Kitchen Facility, Living Quarters, Office(s), Reception Area, Restrooms - Private
Subdivision
16G Myrtle Beach Area--Southern Limit to 10TH Ave N
Standard status
Active
Size
23,000 SF
Lot size
0.47 Acres
Amenities
swimming pool
Building Details
Floors in Building
2
Number of units
35
Listing Agency:
Century 21 Stopper &Associates · Century 21 Real Estate
(843) 685-2751
Listed By:
Robyn Ashleigh Davis
(727) 481-8077
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 15 at 12:06AM
MLS# 2616352
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.
Investment Insights
Based on property information with market context.
This commercial motel property includes 35 furnished units within a 23,000-square-foot complex on 0.47 acres. The unit mix includes one-, two-, and three-room layouts along with efficiency units. Improvements include a swimming pool, reception area, private restrooms, kitchen facilities, fixtures and furniture, and office space. A livable office condo and apartment are also included for property operations or on-site management. The property is zoned Commercial.
The motel occupies a third-row position in Myrtle Beach, with ocean views from every building. It is across from the 2nd Ave Pier and near Family Kingdom Amusement Park and the boardwalk. The sale includes all property improvements and furnishings.
The motel occupies a third-row position in Myrtle Beach, with ocean views from every building. It is across from the 2nd Ave Pier and near Family Kingdom Amusement Park and the boardwalk. The sale includes all property improvements and furnishings.
Key Highlights
- 35‑unit motel on 0.47 acres
- 23,000 square feet of property improvements
- Furnished one-, two-, three‑room, and efficiency units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,488
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,949,760
$2.9M
Cap Rate 7%
$2,106,971
$2.1M
Cap Rate 9%
$1,638,756
$1.6M
Market Conditions
NOI Build-Up for 23,000 SF
Gross rent
$345.0K $15.00/SF
− Vacancy
−$34.5K −$1.50/SF
EGI
$310.5K $13.50/SF
− OpEx
−$163.0K −$7.09/SF
NOI
$147.5K $6.41/SF
Area
Horry County, SC
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,949,760
Cap Rate 7%
$2,106,971
Cap Rate 9%
$1,638,756
Alternative Uses
Best Use
Hotel Hospitality
$2.11M
$1.84M – $2.46M
NOI $147,488 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.83M
$5.10M – $6.80M
NOI $408,038 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29577, SC
34,109
Population
22,630
Households
1.5
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
22.8 sq mi
ZIP Area
1,496
Density / Sq Mi
$48,561
Median Household Income
$33,591
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Motel - Furnished accommodations include an on-site pool and living quarters for an owner or manager.
Where is this motel located?
The property is located at 101 Flagg St. Myrtle Beach, SC.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 35‑unit motel on 0.47 acres; 23,000 square feet of property improvements; Furnished one-, two-, three‑room, and efficiency units
