Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Hotels
2200 Ocean Blvd Myrtle Beach, SC 29577-4743
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-1769584
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
12,603 SF
Lot
1.02 ac (44,431 SF)
Zoning code
TA1
APN
445-02-01-0652
UPID
US77-1769584
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
-
Apartment at Ocean 22 By Hilton Hotel & Motel Vacation Rental
-
Hilton Grand Vacations Ocean 22 Parking Lot & Garage
-
CENTURY 21 Strand Group Real Estate Agency
-
Hilton Grand Vacation Resort Hotel & Motel
-
Hilton Grand Vacations Club Ocean 22 Myrtle Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$4.00M
Owner & transaction history
D & D Residential II LLC · 2 yrs held
D & D Residential II LLC
since 2024
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
TA1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+66.0%
Medical building
$3.8M
+32.6%
Apartment house (5+ units)
$3.6M
+25.0%
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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,865,000
Current use
AUTO REPAIR, GARAGE
$4,755,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$3,795,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,580,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,075,000
Change: +7% · Conversion: Difficult
RESTAURANT
$2,915,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Jan 31 2024)
Last sale anchor
$4.00M
Jan 31 2024
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
$317 / 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
$60,689
Tax year 2023
Assessed value
$111,600
Assessed 2023
Previous assessed
$111,600
+0.0% YoY
Effective rate
54.38%
On assessed value
Assessed land
$77,244
Assessed improvement
$34,356
Land market value
$1,287,400
Improvement market value
$572,600
Total market value
$1,860,000
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
1969
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Total area
12,603 SF
Lot
1.02 ac (44,431 SF)
Zoning code
TA1
APN
445-02-01-0652
UPID
US77-1769584
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SC
Zoning TA1 · permitted uses
TA1 · 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
$2.9M
AUTO REPAIR, GARAGE
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.9M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1.02 ac
Current owner
From public records · entity-resolved
D & D Residential II LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2200 S OCEAN BLVD, MYRTLE BEACH, SC 29577-4743
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
$4,000,000
D & D Residential II LLC
Sb21 LLC
Warranty Deed
—
Nov 12, 2021
$4,000,000
Sb21 LLC
Sbm Holding Co LLC
Warranty Deed
$3,394,300 · Loan Funder Series 25938
Mar 26, 2018
$1,050,000
Sbm Holding Co LLC
Hendricks Sea Banks INC
Warranty Deed
$940,000 · Sandhills Bk
Mar 26, 2018
—
Sapphire Sea LLC
—
Deed
related
$940,000 · Sandhills Bk
—
—
Sapphire Sea LLC
—
Deed Of Trust
related
$940,000 · Sandhills 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2200 Ocean Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
