Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    107 Flagg St Myrtle Beach, SC 29577-4019

    • Hotels
    • 14,416 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    $1,270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1883192
    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

    • Hotels

    Property Details for 107 Flagg St

    Year built
    1972
    Construction
    CONCRETE
    Lot size
    0.47 lot acres
    Property size
    14,416 SF
    Zone code
    TA8
    Property type
    Hotels
    Property subtype
    Motels
    APN
    443-05-03-0062
    APU
    44305030062

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,540,000
      6.5%
      $1,420,000
      7%
      $1,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $819,000
      Market price range: $594k - $2.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8883
    Latitude
    33.6847
    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
    $11,082
    $12,389
    $26,744
    $39,133
    -
    $241,200
    $647,500
    $888,700

    Comparable in this City

    • Value Estimation
      $3,515,000
      23,695 SF

      1005 Ocean Blvd

      HOTEL/MOTEL • 23,695 SF
      1005 Ocean Blvd, Myrtle Beach, SC 29577-4441
      View Details
    • Value Estimation
      $3,160,000
      35,808 SF

      101 Ocean Blvd

      HOTEL/MOTEL • 35,808 SF
      101 Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • Value Estimation
      $1,015,000
      5,127 SF

      210 Ocean Blvd

      HOTEL/MOTEL • 5,127 SF
      210 Ocean Blvd, Myrtle Beach, SC 29577-4044
      View Details
    • Value Estimation
      $540,000
      6,240 SF

      308 7th N Ave

      HOTEL/MOTEL • 6,240 SF
      308 7th N Ave, Myrtle Beach, SC 29577-3767
      View Details
    • Value Estimation by Request
      2,403 SF

      1420 Carver St

      HOTEL/MOTEL • 2,403 SF
      1420 Carver St, Myrtle Beach, SC 29577-3309
      View Details
    • Value Estimation
      $550,000
      4,216 SF

      2904 Kings Hwy

      HOTEL/MOTEL • 4,216 SF
      2904 Kings Hwy, Myrtle Beach, SC 29577-3016
      View Details

    Similar Nearby for Sale

    • $4,995,000
      22,442 SF

      Ocean Boulevard Hospitality Investment

      60-door hospitality property on 0.83 acres in Myrtle Beach.
      806 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $5,490,000
      22,092 SF

      Renovated Hotel Near Myrtle Beach

      Newly renovated 63-room hotel near Myrtle Beach SkyWheel.
      507 Ocean Blvd N, Myrtle Beach, SC 29577
      View Details
    • $3,950,000
      20,000 SF

      Myrtle Beach Renovated Corner Property

      Prime location near the ocean with fully renovated units.
      300 10Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $3,950,000
      17,372 SF

      Myrtle Beach Hospitality Opportunity

      Turnkey hospitality property near the ocean and Sky Wheel.
      300 10Th Ave N, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Oceanfront Hotel in Myrtle Beach

      40-room hotel with renovated rooms and kitchenettes.
      2711 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Oceanfront Hotel in Myrtle Beach

      42-room oceanfront hotel with recent renovations and strong tourism.
      1901 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • $4,360 /Mo
      1,539 SF

      Class A Office Suites Available

      Premium office suites in a Class A development for lease.
      4559 Oleander Dr, Myrtle Beach, SC 29577
      View Details
    • $1,800 /Mo
      1,000 SF

      Retail Space on Highway 501

      Retail space near downtown Myrtle Beach with highway frontage.
      1346 Highway 501, Myrtle Beach, SC 29577
      View Details
    • $7,686 /Mo
      7,686 SF

      Myrtle Beach Retail Space Available

      Second floor retail space with elevator and escalator access.
      301 S Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing

      Industrial Space in Myrtle Beach

      Warehouse and office space in a prime Myrtle Beach location.
      1410 17Th Ave S, Myrtle Beach, SC 29577
      View Details
    • $3,125 /Mo
      1,250 SF

      Restaurant Space on 7th Avenue

      Restaurant space available for lease on October 1, 2025.
      206 7Th Ave N, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Grande Dunes

      Retail spaces available in proposed Grande Dunes development.
      43 Frontage Rd, Myrtle Beach, SC 29577
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    107 Flagg St
    Myrtle Beach, SC 29577-4019
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!