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    Oceanview Condos at Landmark Resort Title is generated by Realmo AI

    1501 S Ocean Blvd., Myrtle Beach, SC 29577

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    Claim this Listing
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    For Sale
    $139,500

    MULTI_FAMILY - Myrtle Beach, SC

    Property size:
    720 SF
    Price / SF:
    $193/SF
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 1501 S Ocean Blvd.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    720 SF

    Utilities

    Utilities
    Cable Available
    Water front
    1

    Building Details

    Year built
    1973
    Number of units
    2

    We can help!

    Listing Contact
    Ester Esti Simantov

    Listing agent Ester Esti Simantov

    Listing office Own Myrtle Real Estate Myrtle Beach, SC

    Listing date May 21, 2026

    MLS# 2613194 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.

    HighLights

    • Two oceanview condos in the Landmark Resort (14th & 5th floors).
    • Fully furnished with kitchenette featuring granite countertops, refrigerator, and microwave.
    • Landmark Resort amenities: 17 water attractions, lazy rivers, pools, fitness center, on‑site dining, Starbucks.
    • Convenient beach access and covered walkway to parking garage.
    • Excellent location near Myrtle Beach International Airport.
    • Investment opportunity or personal beach getaway.

    Overview

    Two oceanview condos, located on the 14th and 5th floors of the Landmark Resort in Myrtle Beach, offer a beach getaway or investment opportunity. The fully furnished units feature two queen beds, a lounge area, a dining table, and a kitchenette with granite countertops, cabinet space, a refrigerator, and a microwave. The Landmark Resort provides amenities, including 17 indoor and outdoor water attractions, lazy rivers, kiddie pools, a fitness center, a game room, a gift shop, on-site dining, a poolside restaurant, a snack bar, and a lounge. A Starbucks is located on-site near the front entrance. Guests and owners have access to a covered air-conditioned walkway connecting the resort to the multi-level parking garage. The property is located near Myrtle Beach International Airport and minutes from golf, shopping, entertainment, restaurants, Broadway at the Beach, Market Common, and other attractions. Each condo has 720 square feet of space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Surfside Beach 15th ... Parking Lot & Garage After Dune Delight Hotel & Motel Beach Parking Parking Lot & Garage Guest Exclusive - Latitudes ... Restaurant Guest Exclusive - Gazebo ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.900819
    Latitude
    33.6732

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    FAQs

    What type of property is this?
    Hotel - Two furnished condos in Myrtle Beach's Landmark Resort.
    Where is this hotel located?
    The property is located at 1501 S Ocean Blvd. Myrtle Beach, SC.
    What is the asking price?
    The asking price for this property is $139,500.
    What are key features of this property?
    This property features: Two oceanview condos in the Landmark Resort (14th & 5th floors).; Fully furnished with kitchenette featuring granite countertops, refrigerator, and microwave.; Landmark Resort amenities: 17 water attractions, lazy rivers, pools, fitness center, on‑site dining, Starbucks.
    (843) 457-9780
    We can help!
    Listing Contact
    Ester Esti Simantov
    Request Owner's contact information
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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.

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