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Property profile & analytics
FOR SALE
Hotels
1900 S Ocean Blvd Myrtle Beach, SC 29577
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0166106
For Sale
1 / 41
$4,200,000
1900 S Ocean Blvd, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
CONCRETE
Total area
14,730 SF
Lot
36.16 ac (1,575,130 SF)
Zoning code
TA1
APN
443-15-03-0096
UPID
US77-0166106
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
-
Shady Rest Motel Hotel & Motel
-
Palms By The Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$3.40M
Owner & transaction history
Liberty & New Life LLC · 3 yrs held
Liberty & New Life LLC
since 2023
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
TA1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.6M
+66.0%
Medical building
$4.4M
+32.6%
Apartment house (5+ units)
$4.2M
+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
$3,860,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,345,000
Current use
AUTO REPAIR, GARAGE
$5,555,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$4,440,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,185,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,595,000
Change: +7% · Conversion: Difficult
RESTAURANT
$3,410,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.10M (Jun 22 2023)
Last sale anchor
$3.10M
Jun 22 2023
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
$231 / 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
$25,413
Tax year 2023
Assessed value
$67,469
Assessed 2023
Previous assessed
$67,469
+0.0% YoY
Effective rate
37.67%
On assessed value
Assessed land
$39,928
Assessed improvement
$27,541
Land market value
$895,600
Improvement market value
$654,800
Total market value
$1,550,400
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
For Sale
Year built
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
YES
Total area
14,730 SF
Lot
36.16 ac (1,575,130 SF)
Zoning code
TA1
APN
443-15-03-0096
UPID
US77-0166106
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SC
Zoning 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
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$5.6M
MEDICAL BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
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
1974
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Lot
36.16 ac
Current owner
From public records · entity-resolved
Liberty & New Life LLC
Entity
Mailing address
1204 ROSEHAVEN DR, MYRTLE BEACH, SC 29577-4914
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Liberty & New Life LLC
—
Deed
related
$260,000 · Anderson Brothers Bank
Jun 22, 2023
$3,100,000
Liberty & New Life LLC
Hayaty LLC
Warranty Deed
$2,205,000 · Anderson Brothers Bank
Oct 5, 2021
$1,300,000
Hayaty LLC
Kdc INC
Warranty Deed
—
Sep 9, 2008
$1,150,000
Kdc INC
Wfd Properties LLC
Grant Deed
—
Oct 25, 2005
—
Wfd Properties LLC
Winnie F B Dorman
Grant Deed
related
—
Oct 26, 2001
—
Winnie B Dorman
—
Deed Of Trust
related
—
—
—
Kdc INC
—
Deed Of Trust
related
$340,000 · Horry Cnty St Bk
—
—
Kdc INC
—
Deed Of Trust
related
$5,722,881 · Horry Cnty St Bk
—
—
Kdc INC
—
Deed Of Trust
related
$340,000 · Horry Cnty St 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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