Back to Search
Property profile & analytics
FOR SALE
Hotels
2711 S Ocean Blvd Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1813742
For Sale
1 / 9
$1,100,000
2711 S Ocean Blvd, Myrtle Beach, SC 29577
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE BLOCKS
Total area
30,288 SF
Lot
43.07 ac (1,876,129 SF)
Zoning code
A5
APN
445-08-02-0007
UPID
US77-1813742
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
-
Knights Inn Myrtle Beach, SC Hotel & Motel
-
Attic Ninja General Contractor Renovation Specialist
-
Aventura on the Ocean Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.99M
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$4.70M
Owner & transaction history
Myrtle Beach 2711 LLC · 4 yrs held
Myrtle Beach 2711 LLC
since 2022
Last sale
$4.7M
5 recorded transactions
Zoning & alternative use
A5 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.4M
+7.4%
Restaurant
$7.0M
+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
$6,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,235,000
6.5%
$2,990,000
7%
$2,775,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,885,000
Current use
OFFICE BUILDING
$7,395,000
Change: +7% · Conversion: Difficult
RESTAURANT
$7,010,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$4.70M
Range $4.23M – $5.17M · ±10% · vs last sale $4.65M (Jan 19 2022)
Last sale anchor
$4.65M
Jan 19 2022
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
$155 / 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
$65,568
Tax year 2023
Assessed value
$119,190
Assessed 2023
Previous assessed
$119,190
+0.0% YoY
Effective rate
55.01%
On assessed value
Assessed land
$88,578
Assessed improvement
$30,612
Land market value
$1,476,300
Improvement market value
$510,200
Total market value
$1,986,500
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
For Sale
Year built
1969
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
YES
Total area
30,288 SF
Lot
43.07 ac (1,876,129 SF)
Zoning code
A5
APN
445-08-02-0007
UPID
US77-1813742
Jurisdiction
HORRY
Zoning & alternative use
A5 · Myrtle Beach, SC
Zoning A5 · permitted uses
A5 · 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
$6.9M
OFFICE BUILDING
Est. value
$7.4M
RESTAURANT
Est. value
$7.0M
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
1969
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Lot
43.07 ac
Current owner
From public records · entity-resolved
Myrtle Beach 2711 LLC
Entity
Mailing address
2999 NE 191ST ST STE #702, AVENTURA, FL 33180-3386
Ownership since
2022
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
Oct 17, 2024
—
Randall S Urquhart
—
Deed
related
$277,500 · Coastal Carolina National Bank
Jan 19, 2022
$4,650,000
Myrtle Beach 2711 LLC
Ocean Suites Holdings LLC
Warranty Deed
$3,487,500 · Nwl 2016 Evergreen
Jan 31, 2019
$1,900,000
D & Y Invs LLC
El-mani LLC
Warranty Deed
$1,425,000 · Elmani LLC
Feb 1, 2006
—
El-mani LLC
Elmani Family Trust
Grant Deed
related
—
Oct 8, 2003
—
Elmani,zakaria Tr
—
Grant 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.
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?”
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.
