1415 S OCEAN BLVD North Myrtle Beach, SC 29582
50-unit oceanfront hotel with direct beach access.
Property Features for 1415 S OCEAN BLVD
General Information
- Standard status
- Active
- Size
- 21,693 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1974
Listing office RE/MAX Southern Shores (843) 267-3585
Listing date May 21, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Southern Shores
Investment Insights
Based on property information with market context.
Key Highlights
- Direct oceanfront location on South Ocean Boulevard with stunning ocean views from every room
- 50‑unit hotel with efficiency units and all adjoining rooms
- Expansive oceanfront event space, pool, and deck with direct beach access
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $325.4k | $15.00 |
| − Vacancy | −$32.5k | −$1.50 |
| EGI | $292.9k | $13.50 |
| − OpEx | −$153.7k | −$7.09 |
| NOI | $139.1k | $6.41 |
