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Property profile & analytics
OFF-MARKET
Estimated value
$3,710,000
Hotels
1901 Ocean Blvd Myrtle Beach, SC 29577-4635
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2100893
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1980
Construction
CONCRETE
Total area
20,380 SF
Lot
50.51 ac (2,200,216 SF)
Zoning code
TA8
APN
443-15-03-0008
UPID
US77-2100893
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
-
Anderson Park Resort
-
SOUTHERN BREEZE OCEANFRONT Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.13M
Blend (final)
Blend
$3.71M
Owner & transaction history
Yk Southern Breeze LLC · 4 yrs held
Yk Southern Breeze LLC
since 2021
Last sale
$3.4M
3 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.1M
+32.6%
Apartment house (5+ units)
$5.8M
+25.0%
Office building
$5.0M
+7.4%
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
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
$4,630,000
Current use
MEDICAL BUILDING
$6,140,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,785,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$4,975,000
Change: +7% · Conversion: Difficult
RESTAURANT
$4,715,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.71M
Range $3.34M – $4.08M · ±10% · vs last sale $3.40M (Oct 22 2021)
Last sale anchor
$3.40M
Oct 22 2021
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
$182 / 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
$53,375
Tax year 2023
Assessed value
$102,600
Assessed 2023
Previous assessed
$102,600
+0.0% YoY
Effective rate
52.02%
On assessed value
Assessed land
$83,400
Assessed improvement
$19,200
Land market value
$1,390,000
Improvement market value
$320,000
Total market value
$1,710,000
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
1980
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
20,380 SF
Lot
50.51 ac (2,200,216 SF)
Zoning code
TA8
APN
443-15-03-0008
UPID
US77-2100893
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SC
Zoning 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
Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$6.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.7M
HOTEL/MOTEL Current
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
1980
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
50.51 ac
Current owner
From public records · entity-resolved
Yk Southern Breeze LLC
Entity
Mailing address
2757 DARLINGTON RUN, DULUTH, GA 30097-7468
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$3,400,000
Yk Southern Breeze LLC
Lavenden INC
Warranty Deed
$2,550,000 · Sandhills Bank
Mar 3, 2017
$1,960,000
Lavenden INC
Southern Breeze INC
Grant Deed
$15,000 · Sandhills Bk
—
—
Southern Breeze INC
—
Deed Of Trust
related
$1,500,000 · First Palmetto 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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