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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Hotels
203 Ocean Blvd Myrtle Beach, SC 29577-4043
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1763698
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1981
Construction
CONCRETE
Total area
6,015 SF
Lot
19.28 ac (839,837 SF)
Zoning code
TA8
APN
443-05-03-0036
UPID
US77-1763698
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
-
The Darlington Inn & Cottages Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$555k
Owner & transaction history
Sheila E Usher · 3 yrs held
Sheila E Usher
since 2023
Last sale
$400,000
3 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
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
$500,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Blend value · Realmo final
$555k
Range $500k – $611k · ±10% · vs last sale $400k (Jun 26 2023)
Last sale anchor
$400k
Jun 26 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
$92 / 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
$10,113
Tax year 2023
Assessed value
$35,708
Assessed 2023
Previous assessed
$35,708
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$22,520
Assessed improvement
$13,188
Land market value
$585,900
Improvement market value
$427,700
Total market value
$1,013,600
Applied tax rate
893.0000
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
1981
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
6,015 SF
Lot
19.28 ac (839,837 SF)
Zoning code
TA8
APN
443-05-03-0036
UPID
US77-1763698
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SCZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1981
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
19.28 ac
Current owner
From public records · entity-resolved
Sheila E Usher
Individual
Free & Clear · 3 yrs held
Mailing address
4852 W HWY 501, CONWAY, SC 29526-4710
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
$400,000
Sheila E Usher
John Terry Hucks
Warranty Deed
—
Jul 15, 2022
—
Usher Sheila Tr
Mildred Holt
Warranty Deed
—
Apr 8, 2013
—
James W Hucks
Bobby D Hucks
Quit Claim Deed
related
—
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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