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Property profile & analytics
OFF-MARKET
Estimated value
$7,585,000
Hotels
1804 Ocean Blvd Myrtle Beach, SC 29577-4634
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1897742
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1967
Construction
CONCRETE
Total area
27,929 SF
Lot
108.47 ac (4,724,953 SF)
Zoning code
TA1
APN
443-15-03-0099
UPID
US77-1897742
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
-
Best Western Plus Grand Strand Inn & Suites Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Sandcastle Oceanfront Resort - Bldg North Hotel & Motel
-
The Sandbar Hotel Myrtle Beach, Trademark Collection by Wyndham Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.85M
Blend (final)
Blend
$7.59M
Owner & transaction history
Abajeebapa Seaside Suites LLC · 2 yrs held
Abajeebapa Seaside Suites LLC
since 2024
Last sale
$7.6M
7 recorded transactions
Zoning & alternative use
TA1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$10.5M
+66.0%
Medical building
$8.4M
+32.6%
Apartment house (5+ units)
$7.9M
+25.0%
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 Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$7,585,000
ML approach
$7,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,345,000
Current use
AUTO REPAIR, GARAGE
$10,535,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$8,415,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,930,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$6,820,000
Change: +7% · Conversion: Difficult
RESTAURANT
$6,460,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$7.59M
Range $6.83M – $8.34M · ±10% · vs last sale $7.59M (Mar 20 2024)
Last sale anchor
$7.59M
Mar 20 2024
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
$272 / 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
$46,439
Tax year 2023
Assessed value
$169,980
Assessed 2023
Previous assessed
$169,980
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$104,004
Assessed improvement
$65,976
Land market value
$1,733,400
Improvement market value
$1,099,600
Total market value
$2,833,000
Applied tax rate
880.0000
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
1967
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
2
Total area
27,929 SF
Lot
108.47 ac (4,724,953 SF)
Zoning code
TA1
APN
443-15-03-0099
UPID
US77-1897742
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SCZoning TA1 · permitted uses
TA1 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$10.5M
MEDICAL BUILDING
Est. value
$8.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.9M
OFFICE BUILDING
Est. value
$6.8M
RESTAURANT
Est. value
$6.5M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
1967
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Buildings
2
Lot
108.47 ac
Current owner
From public records · entity-resolved
Abajeebapa Seaside Suites LLC
Entity
Mailing address
1804 S OCEAN BLVD, MYRTLE BEACH, SC 29577-4634
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2024
$7,586,500
Abajeebapa Seaside Suites LLC
Lcof Myrtle Beach Investment LLC
Warranty Deed
$4,500,000 · Meadows Bank
Apr 10, 2018
$12,250,000
Lcof Myrtle Bch Invs LLC
Robertson Fam Invs LLC
Grant Deed
—
Jun 24, 2016
—
Robertsoon Fam Invs LLC
—
Grant Deed
related
$4,262,483 · Conway Nat'l Bk
Jan 10, 2012
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$315,000 · South Atlantic Bk
Feb 7, 2011
—
Robertson Family Invs LLC
—
Grant Deed
related
$4,600,000 · South Atlantic Bk
Sep 19, 2008
—
Robertson Family Invs LLC
Robertson Family
Quit Claim Deed
related
—
Jul 22, 2005
—
Robertson Family Invs LLC
—
Grant Deed
related
$3,000,000 · Carolina First Bk
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$140,000 · South Atlantic Bk
—
—
Robertson Family Invs LLC
—
Loan Modification
related
$4,360,000 · South Atlantic Bk
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$4,360,000 · South Atlantic 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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