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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Hotels
201 5th S Ave North Myrtle Beach, SC 29582-3215
Entity Owned
Free & Clear
Property ID
US77-1713658
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1954
Total area
3,944 SF
Lot
27.27 ac (1,187,881 SF)
Zoning code
R-4
APN
356-08-03-0492
UPID
US77-1713658
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$980k
Owner & transaction history
Causey Capital LLC
Causey Capital LLC
since 2025
Last sale
$718,000
4 recorded transactions
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+53.0%
Retail stores
$1.5M
+45.5%
Auto repair, garage
$1.2M
+25.1%
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$1,140,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$995,000
Current use
COMMERCIAL (GENERAL)
$1,525,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,450,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,245,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$1,190,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$885,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10% · vs last sale $718k (Dec 30 2021)
Last sale anchor
$718k
Dec 30 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
$248 / 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
$11,887
Tax year 2023
Assessed value
$51,840
Assessed 2023
Previous assessed
$51,840
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$51,840
Land market value
$864,000
Total market value
$864,000
Applied tax rate
550.0000
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
1954
Heating
NONE
Total area
3,944 SF
Lot
27.27 ac (1,187,881 SF)
Zoning code
R-4
APN
356-08-03-0492
UPID
US77-1713658
Jurisdiction
HORRY
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$885,000
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1954
Heating
NONE
Lot
27.27 ac
Current owner
From public records · entity-resolved
Causey Capital LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1125 WW ST #238, ANNAPOLIS, MD 21401-4198
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
$810,000
Causey Capital LLC
Cl Howard Development LLC
Warranty Deed
—
Mar 17, 2023
—
Howard Developement Cl
—
Deed
related
$500,000 · Sandy Spring Bank
Dec 30, 2021
$718,000
Cl Howard Development LLC
Shoe Fits LLC
Warranty Deed
$538,500 · Sandhills Bank
Mar 1, 2017
$450,000
Shoe Fits LLC
Theodore J Ciobanu
Grant Deed
—
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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