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Property profile & analytics
OFF-MARKET
Estimated value
$3,285,000
Hotels
1903 Ocean Blvd Myrtle Beach, SC 29577-4635
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1649855
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
18,080 SF
Lot
56.82 ac (2,475,079 SF)
Zoning code
TA8
APN
443-15-03-0009
UPID
US77-1649855
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
-
Summer Wind Oceanfront Hotel Hotel & Motel
-
Lulu's Cafe Restaurant
-
Oceanfront Get Away Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.47M
Blend (final)
Blend
$3.29M
Owner & transaction history
Yk Summer Wind LLC · 4 yrs held
Yk Summer Wind LLC
since 2021
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.4M
+32.6%
Apartment house (5+ units)
$5.1M
+25.0%
Office building
$4.4M
+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
$3,495,000
ML approach
$3,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,110,000
Current use
MEDICAL BUILDING
$5,445,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,135,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$4,415,000
Change: +7% · Conversion: Difficult
RESTAURANT
$4,185,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.29M
Range $2.96M – $3.61M · ±10% · vs last sale $2.20M (Aug 13 2021)
Last sale anchor
$2.20M
Aug 13 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
$45,348
Tax year 2023
Assessed value
$165,987
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$114,885
Assessed improvement
$51,102
Land market value
$1,914,750
Improvement market value
$851,700
Total market value
$2,766,450
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
1969
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
18,080 SF
Lot
56.82 ac (2,475,079 SF)
Zoning code
TA8
APN
443-15-03-0009
UPID
US77-1649855
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
$4.1M
MEDICAL BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.4M
RESTAURANT
Est. value
$4.2M
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
1969
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
56.82 ac
Current owner
From public records · entity-resolved
Yk Summer Wind LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2970 CLAIRMONT RD NE STE #945, BROOKHAVEN, GA 30329-4421
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2025
—
Yk Summer Wind LLC
—
Deed
related
$1,525,000 · Wallis Bank
Oct 22, 2021
—
Yk Summer Wind LLC
—
Deed
related
$1,650,000 · Sandhills Bank
Aug 13, 2021
$2,200,000
Yk Summer Wind LLC
Yu Real Estate LLC
Warranty Deed
—
Sep 20, 2018
$2,000,000
Yu R & E LLC
S & S/mb LLC
Warranty Deed
$1,915,180 · Excellence & Longevity LLC
Apr 10, 2018
$12,250,000
Lcof Myrtle Bk Inv LLC
Robertson Fam Invs LLC
Grant Deed
related
$8,735,000 · Pnc Bk
Oct 20, 2016
—
S & S Of Mb LLC
—
Deed
related
$1,295,000 · Carolina Bk
Sep 23, 2014
$1,400,000
S & S Of Mb LLC
T Jem LLC
Grant Deed
$1,050,000 · Carolina Bk
Sep 23, 2014
—
T Jem LLC
Windle L Skipper
Quit Claim Deed
related
—
Jun 7, 2005
$2,767,875
T Jem LLC
Arthur G Dodson JR.
Grant Deed
$2,000,000 · National Bk/sc
Jan 9, 2003
$2,500,000
A JR Dodson
—
Grant Deed
—
—
—
S & S Of Mb LLC
—
Loan Modification
related
$1,295,000 · Carolina 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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