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Property profile & analytics
FOR SALE
Turn key restaurants
1901 S Ocean Blvd Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-0945308
For Sale
1 / 26
$1,260,000
1901 S Ocean Blvd, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Construction
CONCRETE
Total area
2,349 SF
Lot
17.91 ac (780,160 SF)
Zoning code
TA8
APN
424-15-03-0299
UPID
US77-0945308
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
$958k
Blend (final)
Blend
$1.26M
Owner & transaction history
Ocean & 19th Investments LLC · 4 yrs held
Ocean & 19th Investments LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+148.0%
Auto repair, garage
$885,000
+63.0%
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
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
COMMERCIAL (GENERAL)
$1,350,000
Change: +148% · Conversion: Easy
AUTO REPAIR, GARAGE
$885,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±10% · vs last sale $1.20M (Dec 6 2021)
Last sale anchor
$1.20M
Dec 6 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
$536 / 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
$18,878
Tax year 2023
Assessed value
$53,475
Assessed 2023
Previous assessed
$53,475
+0.0% YoY
Effective rate
35.30%
On assessed value
Assessed land
$29,187
Assessed improvement
$24,288
Land market value
$524,520
Improvement market value
$586,500
Total market value
$1,111,020
Applied tax rate
899.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2011
Construction
CONCRETE
Heating
HOT WATER
Total area
2,349 SF
Lot
17.91 ac (780,160 SF)
Zoning code
TA8
APN
424-15-03-0299
UPID
US77-0945308
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$885,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2011
Construction
CONCRETE
Heating
HOT WATER
Lot
17.91 ac
Current owner
From public records · entity-resolved
Ocean & 19th Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1206 N OCEAN BLVD, MYRTLE BEACH, SC 29577-3757
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Yk Southern Breeze LLC
—
Deed
related
$2,100,000 · Wallis Bank
Dec 7, 2021
$1,675,000
Ocean & 19th Investments LLC
Wicked Tuna Myrtle Beach LLC
Warranty Deed
—
Dec 6, 2021
$1,200,000
Ocean & 19th Investments LLC
Cojack Investments LLC
Warranty Deed
$2,100,000 · Conway National Bank
Oct 22, 2021
$3,400,000
Yk Southern Breeze LLC
Lavenden INC
Warranty Deed
$2,550,000 · Sandhills Bank
Mar 19, 2020
—
Cojack Invs LLC
—
Deed
related
$750,000 · South Atlantic Bk
Mar 3, 2017
$1,960,000
Lavenden INC
Southern Breeze INC
Grant Deed
$15,000 · Sandhills Bk
Nov 22, 2016
—
Wicked Tuna Myrtle Beach LLC
—
Deed
related
$975,000 · Horry Cnty St Bk
Dec 31, 2009
$585,000
Cojack Investments LLC
Islander Land Holding LLC
Warranty Deed
$1,250,000 · Beach First Nat'l Bk
May 16, 2005
$1,250,000
Islander Land Holding LLC
South Ocean LLC
Warranty Deed
$1,010,266 · Beach First Nat'l Bk
May 5, 2005
—
South Ocean LLC
Phoenix II INC
Warranty Deed
related
—
Feb 20, 2004
$825,000
Phoenix II INC
—
Grant Deed
related
—
—
—
Cojack Invs LLC
—
Deed Of Trust
related
$750,000 · South Atlantic Bk
—
—
Islander Land Holding LLC
—
Deed Of Trust
related
$1,235,450 · Beach First Nat'l 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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