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    Property profile & analytics

    1774 Waccamaw Dr Murrells Inlet, SC 29576-5503

    • Hotels
    • 6,841 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0628142
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 1774 Waccamaw Dr

    Year built
    1981
    Construction
    WOOD
    Lot size
    1.00 lot acres
    Property size
    6,841 SF
    Property type
    Hotels
    APN
    41-0129A-019-00-00
    APU
    410129A0190000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $690,000
      6.5%
      $635,000
      7%
      $590,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Murrells Inlet
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.0225
    Latitude
    33.5453
    CBSA code
    23860
    CBSA name
    GEORGETOWN, SC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,023
    $14,000
    $10,530
    $24,530
    -
    $350,000
    $263,400
    $613,400

    Comparable in this City

    • Value Estimation
      $925,000
      4,940 SF

      1601 Dolphin St

      HOTEL-RESORT • 4,940 SF
      1601 Dolphin St, Murrells Inlet, SC 29576-5527
      View Details
    • Value Estimation
      $1,185,000
      14,776 SF

      1120 Waccamaw Dr

      HOTEL/MOTEL • 14,776 SF
      1120 Waccamaw Dr, Murrells Inlet, SC 29576-8760
      View Details
    • Value Estimation
      $1,530,000
      8,134 SF

      1256 Waccamaw Dr

      HOTEL-RESORT • 8,134 SF
      1256 Waccamaw Dr, Murrells Inlet, SC 29576-5925
      View Details
    • Value Estimation
      $1,405,000
      7,624 SF

      1346 Waccamaw Dr

      HOTEL-RESORT • 7,624 SF
      1346 Waccamaw Dr, Murrells Inlet, SC 29576-5926
      View Details
    • Value Estimation by Request
      4,156 SF

      2228 Oyster Cv

      HOTEL-RESORT • 4,156 SF
      2228 Oyster Cv, Murrells Inlet, SC 29576-5540
      View Details
    • Value Estimation by Request
      3,506 SF

      1920 Dolphin St

      HOTEL-RESORT • 3,506 SF
      1920 Dolphin St, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Sale

    • $619,000
      1.49 Acres

      Commercial Land in Murrells Inlet

      1.49 acres of commercial land for sale in Murrells Inlet.
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    • $599,000
      0.66 Acres

      Commercial Lot on Highway 17

      0.66 acre commercial lot for sale in Murrells Inlet.
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    • $999,900
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      Highway Frontage Commercial Lot

      Commercial land with high visibility and water views in Murrells Inlet.
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    • $149,900
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      Marsh Front Residential Lot

      Residential lot suitable for single-family home, duplex, or mobile home.
      Tbd Surfwind Dr, Murrells Inlet, SC 29576
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    • Contact for pricing

      Highway Frontage Land Available

      Commercial land with highway frontage in Murrells Inlet.
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      View Details
    • $925,000

      Highway 707 Land Opportunity

      Land available on Highway 707 in Murrells Inlet, SC.
      12389 Highway 707, Murrells Inlet, SC 29576
      View Details

    Similar Nearby for Lease

    • $525 /Mo
      81 SF

      Professional Office Suite in Murrells

      Executive office suite with shared amenities on Highway 17.
      3955 Highway 17 Byp, Murrells Inlet, SC 29576
      View Details
    • $2,500 /Mo
      64,904 SF

      Commercial Land Lease Opportunity

      1.49 acre commercial land for lease in Murrells Inlet.
      Inlet Square Dr, Murrells Inlet, SC 29576
      View Details
    • $3,000 /Mo
      1,625 SF

      New Flex Development in Murrells

      New construction flex space with build-to-suit options available.
      4960 Highway 17, Murrells Inlet, SC 29576
      View Details
    • $3,670 /Mo
      2,000 SF

      Professional Office Space Available

      Office space for lease in Murrells Inlet, SC.
      5187 Horry Dr, Murrells Inlet, SC 29576
      View Details
    • New
      $2,187 /Mo
      1,250 SF

      Murrells Inlet Office Space

      Multi-tenant office/retail/medical building with 1,250 SF available 4/1/26.
      637 Bellamy Ave, Murrells Inlet, SC 29576
      View Details
    • Contact for pricing
      400 SF

      Second Floor Office Space Available

      400 SF office space available 10/1/2025 in Murrells Inlet.
      627 Bellamy Ave, Murrells Inlet, SC 29576
      View Details
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    Murrells Inlet, SC 29576-5503
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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