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Property profile & analytics
OFF-MARKET
Estimated value
$10,715,000
Hotels
15 Ocean Blvd Surfside Beach, SC 29575-3633
Individually Owned
9-yr Hold
Free & Clear
Property ID
US77-0898861
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1987
Construction
CONCRETE
Total area
85,700 SF
Lot
189.61 ac (8,259,412 SF)
Zoning code
C3
APN
461-07-03-0002
UPID
US77-0898861
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
$8.46M
Comparable Approach
Comparable
$13.07M
Blend (final)
Blend
$10.72M
Owner & transaction history
Town Of Surfside Beach · 9 yrs held
Town Of Surfside Beach
since 2016
6 recorded transactions
Zoning & alternative use
C3 · Surfside 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 Surfside Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surfside 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%
$9,160,000
6.5%
$8,455,000
7%
$7,850,000
Alternative Use
Use
Estimation
RETAIL STORES
$17,410,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$10.72M
Range $9.64M – $11.79M · ±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
$125 / 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
$527,578
Assessed 2023
Previous assessed
$527,578
+0.0% YoY
Assessed land
$225,013
Assessed improvement
$302,565
Land market value
$4,347,000
Improvement market value
$5,976,100
Total market value
$10,323,100
Applied tax rate
660.0000
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
1987
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
85,700 SF
Lot
189.61 ac (8,259,412 SF)
Zoning code
C3
APN
461-07-03-0002
UPID
US77-0898861
Jurisdiction
HORRY
Zoning & alternative use
C3 · Surfside Beach, SC
Zoning C3 · permitted uses
C3 · Surfside Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Surfside Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$17.4M
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
1987
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
189.61 ac
Current owner
From public records · entity-resolved
Town Of Surfside Beach
Individual
Free & Clear · 9 yrs held
Mailing address
28 BRIDGESIDE BLVD, MOUNT PLEASANT, SC 29464-4399
Ownership since
2016
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
Aug 11, 2016
—
Town Of Surfside Beach
Surfside Beach Resort LLC
Quit Claim Deed
related
—
Jun 30, 2010
—
Surfside Beach Resort LLC
—
Grant Deed
related
$7,500,000 · Security Fed'l Bk
May 14, 2010
—
Surfside Beach Resort LLC
Surfside Pier Hotel Ltd
Quit Claim Deed
related
—
Feb 8, 2010
—
Surfside Pier Hotel LLC
Surfside Pier Hotel Ltd
Quit Claim Deed
related
—
—
—
Surfside Pier Hotel Ltd
—
Deed Of Trust
related
$7,520,557 · First Reliance Bk
—
—
Surfside Beach Resort LLC
—
Deed Of Trust
related
$8,000,000 · Security Fed'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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