New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Hotels
1717 Ocean Blvd North Myrtle Beach, SC 29582-4031
Entity Owned
Free & Clear
Property ID
US77-1699264
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1980
Construction
CONCRETE
Total area
10,302 SF
Lot
78.51 ac (3,419,896 SF)
Zoning code
CPO
APN
357-15-03-0119
UPID
US77-1699264
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
-
Castaway Beach Inn Hotel & Motel
-
Castaway Beach Bar and Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.22M
Owner & transaction history
Mig Investments Of Mb Spe LLC
Mig Investments Of Mb Spe LLC
since 2025
5 recorded transactions
Zoning & alternative use
CPO · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+38.9%
Auto repair, garage
$3.3M
+25.1%
Medical building
$3.1M
+19.2%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,605,000
Current use
RESTAURANT
$3,615,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,255,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$3,105,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$2,310,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$215 / 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
$38,823
Tax year 2023
Assessed value
$169,312
Assessed 2023
Effective rate
22.93%
On assessed value
Assessed land
$153,444
Assessed improvement
$15,868
Land market value
$2,880,000
Improvement market value
$1,179,300
Total market value
$4,059,300
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
1980
Construction
CONCRETE
Heating
NONE
Buildings
3
Total area
10,302 SF
Lot
78.51 ac (3,419,896 SF)
Zoning code
CPO
APN
357-15-03-0119
UPID
US77-1699264
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
HOTEL/MOTEL Current
Est. value
$2.6M
RESTAURANT
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.3M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1980
Construction
CONCRETE
Heating
NONE
Buildings
3
Lot
78.51 ac
Current owner
From public records · entity-resolved
Mig Investments Of Mb Spe LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1525 S OCEAN BLVD, NORTH MYRTLE BEACH, SC 29582-3933
Ownership since
2025
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
Aug 14, 2025
—
Mig Investments Of Mb Spe LLC
Mig Investments Of Mb LLC
Warranty Deed
—
Aug 13, 2025
—
Mig Investments Of Mb LLC
Mig Investments Of Mb LLC
Warranty Deed
$68,500,000 · House Myrtle Beach
May 4, 2023
—
Mcgonigal Family Investments LLC
Mig By The Sea LLC
Warranty Deed
—
Jun 1, 2018
—
Mig By The Sea LLC
Mcgonigal Investment Group LLC
Grant Deed
related
—
Jul 9, 2001
—
Mcgonigal Invst Grp 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1717 Ocean Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
