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Property profile

2209 S Ocean Blvd all units Myrtle Beach, SC 29577

FOR SALE
Hotels
Property ID
US77-1649854
25,248 SF 0.52 ac lot Built 1974
Last sale Feb 2024 · $3,850,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional oceanfront motel in Myrtle Beach, South Carolina presents a lucrative investment opportunity. The property, located at 2209 S Ocean Blvd, boasts 54 oceanfront units within a 35,400 square foot building situated on a 0.65-acre lot. The nine-story structure enjoys 160 feet of direct Atlantic Ocean frontage, offering unparalleled views and beach access. Its MU-H zoning allows for a variety of hospitality uses. The asking price is $7,400,000, translating to $293.09 per square…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$60k
Tax billed · 2023
Assessed value$221k
Assessed land$143k
Assessed improvement$77k
Effective rate27.32%

Value estimate

· Nov 2026
$3.85M
$3.47M – $4.24M
AI approach$3.85M
CAP approach$2.49M
Submarket $/SF estimate$4.61M
NOI build-up
Gross scheduled income$379k
Vacancy & credit loss−$38k
Operating expenses−$179k
NOI · 2.17% cap applied$162k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$227/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$148 – $328

Cap rate analysis

How does the asset earn?
2.17%
$162k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TA8
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon9.1
Pharmacy8.8
Locksmith8.7

Location

2209 S Ocean Blvd, Unit all units Myrtle Beach, SC 29577
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2010 Ocean, Myrtle Beach, SC 29577-4638 $4,000,000 Mar 2025 25,011 SF
2606 Ocean, Myrtle Beach, SC 29577-3239 $9,500,000 Nov 2024 39,314 SF
2206 Ocean, Myrtle Beach, SC 29577-3226 $12,000,000 Jul 2024 34,897 SF
1804 Ocean, Myrtle Beach, SC 29577-4634 $7,586,500 Mar 2024 27,929 SF
1809 Ocean, Myrtle Beach, SC 29577 $7,586,500 Mar 2024 17,274 SF
2913 Ocean, Myrtle Beach, SC 29577-4855 $249,270 Jul 2023 29,402 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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