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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Hotels
3006 Ocean Blvd Myrtle Beach, SC 29577-3046
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1389526
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
22,960 SF
Lot
32.14 ac (1,400,018 SF)
Zoning code
A-5
APN
424-12-01-0007
UPID
US77-1389526
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
$2.93M
CAP Approach
CAP
$2.27M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.49M
Owner & transaction history
Sea Captains House Development LLC · 4 yrs held
Sea Captains House Development LLC
since 2022
Last sale
$1.9M
6 recorded transactions
Zoning & alternative use
A-5 · 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
$2,710,000
ML approach
$2,930,000
CAP Approach
CAP Return
Estimation
6%
$2,455,000
6.5%
$2,265,000
7%
$2,105,000
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $1.92M (Jun 30 2022)
Last sale anchor
$1.92M
Jun 30 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
$108 / 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
$45,023
Tax year 2023
Assessed value
$153,084
Assessed 2023
Previous assessed
$153,084
+0.0% YoY
Effective rate
29.41%
On assessed value
Assessed land
$88,733
Assessed improvement
$64,351
Land market value
$1,583,600
Improvement market value
$1,163,100
Total market value
$2,746,700
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
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Total area
22,960 SF
Lot
32.14 ac (1,400,018 SF)
Zoning code
A-5
APN
424-12-01-0007
UPID
US77-1389526
Jurisdiction
HORRY
Zoning & alternative use
A-5 · Myrtle Beach, SC
Zoning A-5 · permitted uses
A-5 · 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
1969
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Lot
32.14 ac
Current owner
From public records · entity-resolved
Sea Captains House Development LLC
Entity
Free & Clear · 4 yrs held
Mailing address
407 30TH AVE N, MYRTLE BEACH, SC 29577-3092
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
$1,920,000
Sea Captains House Development LLC
Ocean Front Investors LLC
Warranty Deed
—
Oct 21, 2011
—
Ocean Front Investors LLC
Kersi S Shroff LLC
Quit Claim Deed
related
—
Oct 21, 2011
$170,000
Kersi S Shroff LLC
David Hoffman LLC
Warranty Deed
—
Oct 21, 2011
$2,230,000
Ocean Front Investors LLC
Kersi S Shroff LLC
Warranty Deed
—
May 4, 2005
$4,460,000
Kersi S Shroff LLC
Jamaican INC
Warranty Deed
$2,075,783 · National Bk/sc
—
—
Ocean Front Investors LLC
—
Deed Of Trust
related
$3,000,000 · Synovus 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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