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Property profile & analytics
OFF-MARKET
Estimated value
$7,325,000
Hotels
1351 21st N Ave Myrtle Beach, SC 29577-7404
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1657055
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
CONCRETE
Total area
77,424 SF
Lot
2.91 ac (126,760 SF)
Zoning code
PUD
APN
425-05-03-0012
UPID
US77-1657055
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
-
Courtyard Myrtle Beach Broadway Hotel & Motel
-
1351 21st Avenue North Parking Parking Lot & Garage
-
Long Bay Club (Long Bay Golf Resort) Gym & Fitness Center Sports Field & Court
-
Pawleys Plantation myrtle beach Gym & Fitness Center Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.64M
Comparable Approach
Comparable
$6.73M
Blend (final)
Blend
$7.33M
Owner & transaction history
Tmgoc Myr 1351 Sunbelt 3 LLC · 3 yrs held
Tmgoc Myr 1351 Sunbelt 3 LLC
since 2022
4 recorded transactions
Zoning & alternative use
PUD · 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%
$8,275,000
6.5%
$7,640,000
7%
$7,095,000
Blend value · Realmo final
$7.33M
Range $6.59M – $8.06M · ±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
$95 / 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
$236,045
Tax year 2023
Assessed value
$321,369
Assessed 2023
Previous assessed
$321,369
+0.0% YoY
Effective rate
73.45%
On assessed value
Assessed land
$76,056
Assessed improvement
$245,313
Land market value
$1,267,600
Improvement market value
$6,684,700
Total market value
$7,952,300
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
1998
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
77,424 SF
Lot
2.91 ac (126,760 SF)
Zoning code
PUD
APN
425-05-03-0012
UPID
US77-1657055
Jurisdiction
HORRY
Zoning & alternative use
PUD · Myrtle Beach, SC
Zoning PUD · permitted uses
PUD · 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
1998
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
2.91 ac
Current owner
From public records · entity-resolved
Tmgoc Myr 1351 Sunbelt 3 LLC
Entity
Mailing address
PO BOX A3956, CHICAGO, IL 60690-3956
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
—
Tmgoc Myr 1351 Sunbelt 3 LLC
Bre Select Hotels Properties LLC
Warranty Deed
$12,570,000 · Standard Insurance
May 30, 2013
—
Bre Select Hotels Props LLC
Select Hotels Pa Holdings Bre
Quit Claim Deed
related
—
Jun 23, 2004
$7,029,500
Apple Six Hospitality INC
Gbi Of South Carolina LLC
Grant Deed
—
—
—
Bre Select Hotels Props LLC
—
Deed Of Trust
related
—
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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