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Property profile & analytics
OFF-MARKET
Estimated value
$2,400,000
Hotels
2601 Ocean Blvd Myrtle Beach, SC 29577-4755
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US77-1926522
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Construction
CONCRETE
Total area
14,871 SF
Lot
42.91 ac (1,869,160 SF)
Zoning code
TA-
APN
445-01-03-0122
UPID
US77-1926522
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
-
Vancouver Motel Hotel & Motel
-
Lost Mine Miniature Golf Golf Course
-
Myrtle Beach access parking lot Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.40M
Owner & transaction history
Shree Laxshmi Narayan LLC · 8 yrs held
Shree Laxshmi Narayan LLC
since 2017
2 recorded transactions
Zoning & alternative use
TA- · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+7.4%
Restaurant
$3.4M
+1.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,380,000
Current use
OFFICE BUILDING
$3,630,000
Change: +7% · Conversion: Difficult
RESTAURANT
$3,440,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.40M
Range $2.16M – $2.64M · ±10%
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
$161 / 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
$32,046
Tax year 2023
Assessed value
$117,300
Assessed 2023
Effective rate
27.32%
On assessed value
Assessed land
$88,578
Assessed improvement
$28,722
Land market value
$1,476,300
Improvement market value
$503,100
Total market value
$1,979,400
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
14,871 SF
Lot
42.91 ac (1,869,160 SF)
Zoning code
TA-
APN
445-01-03-0122
UPID
US77-1926522
Jurisdiction
HORRY
Zoning & alternative use
TA- · Myrtle Beach, SC
Zoning TA- · permitted uses
TA- · 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
$3.4M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
HOTEL/MOTEL Current
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
42.91 ac
Current owner
From public records · entity-resolved
Shree Laxshmi Narayan LLC
Entity
Mailing address
727 MAIN ST, MYRTLE BEACH, SC 29577-3808
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2023
—
Shree Laxshmi Narayan LLC
—
Deed
related
$1,500,000 · Anderson Brothers Bank
Sep 29, 2017
$1,225,000
Shree Laxshmi Narayan LLC
Ocean View-three LLC
Grant Deed
$1,250,000 · Noa 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.
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