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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Hotels
2904 Kings Hwy Myrtle Beach, SC 29577-3016
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-2029611
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1957
Construction
CONCRETE
Total area
4,216 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C-2
APN
424-11-02-0497
UPID
US77-2029611
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
M J Properties Of South Carolina Ll · 1 yrs held
M J Properties Of South Carolina Ll
since 2024
Last sale
$550,000
5 recorded transactions
Zoning & alternative use
C-2 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Oct 3 2024)
Last sale anchor
$550k
Oct 3 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
$130 / 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
$14,135
Tax year 2023
Assessed value
$51,736
Assessed 2023
Previous assessed
$51,736
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$29,095
Assessed improvement
$22,641
Land market value
$525,000
Improvement market value
$506,800
Total market value
$1,031,800
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
1957
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
3
Total area
4,216 SF
Lot
0.6 ac (26,136 SF)
Zoning code
C-2
APN
424-11-02-0497
UPID
US77-2029611
Jurisdiction
HORRY
Zoning & alternative use
C-2 · Myrtle Beach, SC
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
1957
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Buildings
3
Lot
0.6 ac
Current owner
From public records · entity-resolved
M J Properties Of South Carolina Ll
Entity
Free & Clear · 1 yrs held
Mailing address
2904 N KINGS HWY, MYRTLE BEACH, SC 29577-3016
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
Oct 3, 2024
—
M J Properties Of South Carolina Ll
Mj Myrtle Beach LLC
Warranty Deed
—
Oct 3, 2024
$550,000
Num 77 Group LLC
Mark J Cumins Revocable Trust
Warranty Deed
$800,000 · United Community Bank
Sep 19, 2005
$1,425,000
Mj Myrtle Beach LLC
Jackie C Taunt
Grant Deed
$1,140,000 · First Nat'l Bk/spartanburg
Dec 20, 2004
—
Taunt,jackie C
Phyllis A Rountree
Quit Claim Deed
related
—
Dec 17, 2004
—
Taunt,jackie C
Inez C Taunt
Quit Claim 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.
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