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Property profile & analytics
OFF-MARKET
Hotels
1601 Ocean Blvd Surfside Beach, SC 29575-4238
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1694553
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1978
Construction
CONCRETE
Total area
57,216 SF
Lot
0.87 ac (37,897 SF)
Zoning code
R3
APN
459-13-04-0098
UPID
US77-1694553
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hio Surfside Hospitality LLC · 4 yrs held
Hio Surfside Hospitality LLC
since 2021
Last sale
$21.6M
2 recorded transactions
Zoning & alternative use
R3 · Surfside Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
g director or designee in classifying the proposed use. (Ord. No. 20-0913, 2-23-21) Sec. 17-394. - How to use section 17-395 use table. Each table looks similar to this example below: Residential Uses Specific Use R1 R2 R3 C1 C2 C3 E MU PL Applicable Standards Design Overlay Applicable Article Parking Code Residential Dwelling Types Single Family, detached P…
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
209.84 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$223,780
Tax year 2023
Assessed value
$425,943
Assessed 2023
Previous assessed
$425,943
+0.0% YoY
Effective rate
52.54%
On assessed value
Assessed land
$246,925
Assessed improvement
$179,018
Land market value
$7,005,000
Improvement market value
$4,622,100
Total market value
$11,627,100
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
1978
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
57,216 SF
Lot
0.87 ac (37,897 SF)
Zoning code
R3
APN
459-13-04-0098
UPID
US77-1694553
Jurisdiction
HORRY
Zoning & alternative use
R3 · Surfside Beach, SCZoning R3 · permitted uses
R3 · Surfside Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
g director or designee in classifying the proposed use. (Ord. No. 20-0913, 2-23-21) Sec. 17-394. - How to use section 17-395 use table. Each table looks similar to this example below: Residential Uses Specific Use R1 R2 R3 C1 C2 C3 E MU PL Applicable Standards Design Overlay Applicable Article Parking Code Residential Dwelling Types Single Family, detached P P P C C P § 17-396.32 (C1 & C3) E Single Family, semi-attached C C C C C § 17-396
Zone name
High Density Residential
General category
RESIDENTIAL
Zone area
209.84 ac
Building & site characteristics
From public records
Year built
1978
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
0.87 ac
Current owner
From public records · entity-resolved
Hio Surfside Hospitality LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1909 WOODALL RODGERS FWY, DALLAS, TX 75201-2232
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$21,641,418
Hio Surfside Hospitality LLC
Surfside Development Partners LLC
Warranty Deed
—
Jun 13, 2011
$7,500,000
Surfside Dev Partners LLC
Hotels Fixed Lodgian IV
Grant Deed
$5,600,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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