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Property profile & analytics
OFF-MARKET
Estimated value
$2,885,000
Hotels
300 Mr Joe White Ave Myrtle Beach, SC 29577
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1872971
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1955
Construction
CONCRETE
Total area
14,734 SF
Lot
0.41 ac (17,860 SF)
Zoning code
AC3
APN
444-01-02-0034
UPID
US77-1872971
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$2.89M
Owner & transaction history
Myrtle Beach 300 LLC · 4 yrs held
Myrtle Beach 300 LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
AC3 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+32.6%
Apartment house (5+ units)
$4.2M
+25.0%
Office building
$3.6M
+7.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,350,000
Current use
MEDICAL BUILDING
$4,440,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,185,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,595,000
Change: +7% · Conversion: Difficult
RESTAURANT
$3,410,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.89M
Range $2.60M – $3.17M · ±10% · vs last sale $2.85M (Oct 5 2021)
Last sale anchor
$2.85M
Oct 5 2021
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
$196 / 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
$43,123
Tax year 2023
Assessed value
$65,304
Assessed 2023
Effective rate
66.03%
On assessed value
Assessed land
$15,024
Assessed improvement
$50,280
Land market value
$250,400
Improvement market value
$838,000
Total market value
$1,088,400
Applied tax rate
893.0000
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
1955
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
14,734 SF
Lot
0.41 ac (17,860 SF)
Zoning code
AC3
APN
444-01-02-0034
UPID
US77-1872971
Jurisdiction
HORRY
Zoning & alternative use
AC3 · Myrtle Beach, SC
Zoning AC3 · permitted uses
AC3 · 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
MEDICAL BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.2M
OFFICE BUILDING
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
HOTEL/MOTEL Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1955
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
0.41 ac
Current owner
From public records · entity-resolved
Myrtle Beach 300 LLC
Entity
Mailing address
1160 KANE CONCOURSE STE #301, BAY HARBOR ISLANDS, FL 33154-2059
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
—
Myrtle Beach 300 LLC
—
Deed
related
$6,400,000 · Goldsmith Gus A
Oct 5, 2021
$2,850,000
Myrtle Beach 300 LLC
Hayaty LLC
Warranty Deed
$50,000 · Patch Lending
Dec 7, 2020
$1,150,000
Hayaty LLC
Aq LLC
Warranty Deed
—
Nov 24, 2020
$850,000
Aq LLC
Land Lubber LLC
Warranty Deed
—
Jul 5, 2017
—
Land Lubber LLC
—
Loan Modification
related
$1,496,597 · Td Bk NA
Aug 13, 2007
$900,000
George S Trakas JR LLC
Martha A Perry
Warranty Deed
$750,000 · Carolina First Bk
Aug 13, 2007
—
Perry,martha A
Carolyn G Perry
Quit Claim Deed
related
—
—
—
Land Lubber LLC
—
Deed Of Trust
related
$1,806,271 · Td Bk NA
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
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