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Property profile & analytics
OFF-MARKET
Estimated value
$4,355,000
Hotels
108 Waccamaw Pnes Dr Myrtle Beach, SC 29579-0918
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US77-0093812
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
CONCRETE
Total area
30,076 SF
Lot
2 ac (87,120 SF)
APN
417-04-04-0007
UPID
US77-0093812
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.97M
Comparable Approach
Comparable
$4.59M
Blend (final)
Blend
$4.36M
Owner & transaction history
Omkr Hospitality LLC · 11 yrs held
Omkr Hospitality LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Myrtle Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,215,000
6.5%
$2,965,000
7%
$2,755,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,065,000
Current use
OFFICE BUILDING
$6,885,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$6,110,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$146,592
Assessed 2023
Assessed land
$26,136
Assessed improvement
$120,456
Land market value
$435,600
Improvement market value
$2,007,600
Total market value
$2,443,200
Applied tax rate
600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
30,076 SF
Lot
2 ac (87,120 SF)
APN
417-04-04-0007
UPID
US77-0093812
Jurisdiction
HORRY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.9M
RETAIL STORES
Est. value
$6.1M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
2 ac
Current owner
From public records · entity-resolved
Omkr Hospitality LLC
Entity
Mailing address
108 WACCAMAW PNES DR, MYRTLE BEACH, SC 29579-0918
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
—
Omkr Hospitality LLC
—
Deed
related
$2,000,000 · United States Of America
Jun 6, 2017
—
Omkr Hospitality LLC
—
Deed
related
$9,000,000 · Anderson Brothers Bk
May 20, 2015
$3,050,000
Omkr Hospitality LLC
Sidhsiya Investment LLC
Grant Deed
$2,440,000 · First Landmark Bk
Dec 19, 2013
$310,000
Sidhsiya Investment LLC
Robert D JR
Warranty Deed
$1,711,000 · Atlantic Cap Bk
Dec 19, 2013
$1,092,000
Sidhsiya Investment LLC
Carolina Hotel Dev LLC
Warranty Deed
—
Apr 12, 2006
$517,000
Kelley,robert D JR & Jeannie S
Svm LLC
Warranty Deed
$1,500,000 · Beach First Nat'l Bk
Apr 12, 2006
$2,068,000
Carolina Hotel Dev LLC
Svm LLC
Warranty Deed
—
—
—
Omkr Hospitality LLC
—
Deed Of Trust
related
$9,000,000 · Anderson Brothers Bk
—
—
Kelley,robert D III
—
Loan Modification
related
—
—
—
Svm LLC
—
Deed Of Trust
related
$1,900,000 · Branch Bk&tr
—
—
Kelley,robert D JR & Jeannie S
—
Loan Modification
related
$1,800,000 · Beach First Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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