Financial
Distress signals
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?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 2026
$3.85M
$3.47M – $4.24M
AI approach$3.85M
CAP approach$2.49M
Sales comparison$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: Pharmacy
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Pharmacy8.5
Kitchen & Bath8.4
Food Market7.6

Location

2209 S Ocean Blvd, Unit all units Myrtle Beach, SC 29577
County assessor Recorded deeds · 6 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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