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Property profile & analytics
OFF-MARKET
Estimated value
$5,260,000
Hotels
1290 Oleander Dr Myrtle Beach, SC 29577-5977
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US77-3054532
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
CONCRETE
Total area
60,692 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C12
APN
424-02-01-0001
UPID
US77-3054532
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
Current use
Occupant on record · Public records
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.99M
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$5.26M
Owner & transaction history
Shiv Of Broadway LLC · 10 yrs held
Shiv Of Broadway LLC
since 2015
6 recorded transactions
Zoning & alternative use
C12 · Myrtle Beach, SC
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%
$6,485,000
6.5%
$5,985,000
7%
$5,560,000
Blend value · Realmo final
$5.26M
Range $4.73M – $5.79M · ±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
$87 / 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
Tax billed
$54,094
Tax year 2023
Assessed value
$198,002
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$78,146
Assessed improvement
$119,856
Land market value
$1,302,440
Improvement market value
$1,997,600
Total market value
$3,300,040
Applied tax rate
880.0000
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
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
60,692 SF
Lot
2.99 ac (130,244 SF)
Zoning code
C12
APN
424-02-01-0001
UPID
US77-3054532
Jurisdiction
HORRY
Zoning & alternative use
C12 · Myrtle Beach, SC
Zoning C12 · permitted uses
C12 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Myrtle Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
2.99 ac
Current owner
From public records · entity-resolved
Shiv Of Broadway LLC
Entity
Mailing address
39 CHAPIN CIR, MYRTLE BEACH, SC 29572-4406
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Shiv Of Broadway LLC
—
Deed
related
$9,000,000 · United Community Bank
Dec 20, 2016
—
Shiv Of Broadway LLC
—
Deed
related
$3,200,000 · Bank Of Nc
Dec 10, 2015
$3,540,000
Shiv Of Broadway LLC
1290 Paradise Circle Us L Hl
Grant Deed
$6,202,500 · Bank Of Nc
Nov 2, 2007
$7,855,000
Hl 1290 Paradise Circle Us L
Lakeshore Hotel LLC
Grant Deed
$4,700,000 · Citigroup Com' Tr 2006-c4 (tr)
—
—
Shiv Of Broadway LLC
—
Deed Of Trust
related
$3,200,000 · Bank Of Nc
—
—
Lakeshore Hotel LLC
—
Deed Of Trust
related
$4,400,000 · Regions 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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