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Property profile & analytics
FOR SALE
Hotels
1415 S Ocean Blvd North Myrtle Beach, SC 29582
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-2048655
For Sale
1 / 50
$4,720,000
1415 S Ocean Blvd, North Myrtle Beach, SC 29582
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Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
CONCRETE BLOCKS
Total area
21,693 SF
Lot
49.93 ac (2,174,951 SF)
Zoning code
CPO
APN
357-14-02-0154
UPID
US77-2048655
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
-
Red Tree Inn Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$3.13M
Blend (final)
Blend
$2.98M
Owner & transaction history
Esaf Red Tree Inn LLC · 2 yrs held
Esaf Red Tree Inn LLC
since 2023
7 recorded transactions
Zoning & alternative use
CPO · North 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$2,320,000
6.5%
$2,140,000
7%
$1,985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,865,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$137 / 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
$27,516
Tax year 2023
Assessed value
$120,000
Assessed 2023
Previous assessed
$120,000
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$114,000
Assessed improvement
$6,000
Land market value
$1,900,000
Improvement market value
$100,000
Total market value
$2,000,000
Applied tax rate
550.0000
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
For Sale
Year built
1974
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
YES
Total area
21,693 SF
Lot
49.93 ac (2,174,951 SF)
Zoning code
CPO
APN
357-14-02-0154
UPID
US77-2048655
Jurisdiction
HORRY
Zoning & alternative use
CPO · North Myrtle Beach, SC
Zoning CPO · permitted uses
CPO · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.9M
OFFICE BUILDING
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
1974
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Lot
49.93 ac
Current owner
From public records · entity-resolved
Esaf Red Tree Inn LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1407 BROADWAY, NEW YORK, NY 10018-5100
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
—
Esaf Red Tree Inn LLC
Za Re LLC
Warranty Deed
—
Aug 9, 2023
$5,100,000
Za Re LLC
Red Tree Management LLC
Warranty Deed
$3,900,000 · Isaac Shehebar 2008 Aijj Grantor Re
Dec 30, 2020
—
Red Tree Mgmt LLC
Mccanless Golf Props LLC
Warranty Deed
related
—
Sep 4, 2020
$75,000
Betty B Gray
Jesse P Fisher
Warranty Deed
—
Aug 16, 2019
$125,000
Mccanless Golf Props LLC
John S Fisher
Warranty Deed
—
Jun 21, 2019
$155,000
Mccanless Golf Prop LLC
Gaye S Fisher
Warranty Deed
—
Jan 4, 2017
—
Gaye S Fisher
Jesse C Fisher JR.
Quit Claim Deed
related
—
Jun 26, 2013
$315,000
Mccanless Golf Properties LLC
A L Jarrell Family Corp
Grant Deed
—
Dec 28, 2004
—
Gray,betty K B
William M Bowman
Quit Claim Deed
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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