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Property profile & analytics
OFF-MARKET
Estimated value
$7,585,000
Hotels
1809 Ocean Blvd Myrtle Beach, SC 29577
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-1743722
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1982
Construction
CONCRETE
Total area
17,274 SF
Lot
39.26 ac (1,710,166 SF)
Zoning code
TA8
APN
443-15-03-0005
UPID
US77-1743722
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
-
Ocean Garden Villas B-2 Vacation Rental Real Estate Agency
-
Ocean Garden Villas by Elliott Beach Rentals Vacation Rental Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.67M
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
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$9.9M
+152.5%
Auto repair, garage
$6.5M
+66.0%
Medical building
$5.2M
+32.6%
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
COMMERCIAL (GENERAL)
$9,910,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,515,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$5,205,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,905,000
Change: +25% · 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
$439 / 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
$77,124
Tax year 2023
Assessed value
$282,295
Assessed 2023
Previous assessed
$282,295
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$73,393
Assessed improvement
$208,902
Land market value
$1,223,220
Improvement market value
$3,481,700
Total market value
$4,704,920
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
1982
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
17,274 SF
Lot
39.26 ac (1,710,166 SF)
Zoning code
TA8
APN
443-15-03-0005
UPID
US77-1743722
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SCZoning TA8 · permitted uses
TA8 · 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
COMMERCIAL (GENERAL)
Est. value
$9.9M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1982
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
39.26 ac
Current owner
From public records · entity-resolved
Abajeebapa Seaside Suites LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1809 S OCEAN BLVD, MYRTLE BEACH, SC 29577
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
12 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
—
Apr 10, 2018
$12,250,000
Lcof Myrtle Bk Inv LLC
Robertson Fam Invs LLC
Grant Deed
related
$8,735,000 · Pnc Bk
Jun 24, 2016
—
Robertsoon Fam Invs LLC
—
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
May 7, 2004
$1,625,000
Robertson Family Invst LLC
Willoughby,invst
Grant Deed
—
Aug 31, 2001
—
Willoughby Family Inv LLC
—
Grant Deed
related
—
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$4,600,000 · South Atlantic Bk
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$140,000 · South Atlantic Bk
—
—
Robertsoon Fam Invs LLC
—
Deed Of Trust
related
$4,262,483 · Conway Nat'l Bk
—
—
Robertson Family
—
Deed Of Trust
related
$3,000,000 · Carolina First Bk
—
—
Robertson Family Invs LLC
—
Deed Of Trust
related
$4,360,000 · South Atlantic Bk
—
—
Robertson Family Invs LLC
—
Loan Modification
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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