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Property profile & analytics
OFF-MARKET
Estimated value
$5,590,000
Hotels
1603 Ocean Blvd North Myrtle Beach, SC 29582
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1870282
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
CONCRETE
Total area
41,861 SF
Lot
34.58 ac (1,506,305 SF)
Zoning code
R-4
APN
357-14-01-0467
UPID
US77-1870282
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
$4.13M
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$5.59M
Owner & transaction history
Mig Ocean Sands LLC · 8 yrs held
Mig Ocean Sands LLC
since 2018
5 recorded transactions
Zoning & alternative use
R-4 · 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%
$4,475,000
6.5%
$4,130,000
7%
$3,835,000
Blend value · Realmo final
$5.59M
Range $5.03M – $6.15M · ±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
$134 / 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
$53,083
Tax year 2023
Assessed value
$231,495
Assessed 2023
Effective rate
22.93%
On assessed value
Assessed land
$103,500
Assessed improvement
$127,995
Land market value
$1,725,000
Improvement market value
$5,186,900
Total market value
$6,911,900
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
Off-Market
Year built
1997
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Stories
2
Rooms
16
Bathrooms
4
Total area
41,861 SF
Lot
34.58 ac (1,506,305 SF)
Zoning code
R-4
APN
357-14-01-0467
UPID
US77-1870282
Jurisdiction
HORRY
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
2
Rooms
16
Bathrooms
4
Lot
34.58 ac
Current owner
From public records · entity-resolved
Mig Ocean Sands LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1525 S OCEAN BLVD, NORTH MYRTLE BEACH, SC 29582-3933
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2018
—
Mig Ocean Sands LLC
Mcgonigal Investment Group LLC
Grant Deed
related
—
Dec 4, 2015
—
Mcgonigal Investment Group LLC
—
Deed Of Trust
related
$1,000,000 · Nbsc
Jan 22, 2013
—
Mcgonigal Investment Group LLC
—
Deed Of Trust
related
$200,000 · Nbsc
Jul 9, 2001
—
Mcgonigal Invst Grp LLC
—
Deed Of Trust
related
—
—
—
Mcgonigal Investment Group LLC
—
Deed Of Trust
related
$2,600,000 · Nbsc
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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