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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Hotels
304 Ocean Blvd Myrtle Beach, SC 29577-4046
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-1832553
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1968
Construction
CONCRETE
Total area
11,488 SF
Lot
20.25 ac (882,090 SF)
Zoning code
TA8
APN
444-08-04-0003
UPID
US77-1832553
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
-
Sea Gypsy Inn Hotel & Motel
-
Convenience Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.30M
Owner & transaction history
Rainmaker Holdings LLC · 1 yrs held
Rainmaker Holdings LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.5M
+32.6%
Apartment house (5+ units)
$3.3M
+25.0%
Office building
$2.8M
+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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,610,000
Current use
MEDICAL BUILDING
$3,460,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,260,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$2,805,000
Change: +7% · Conversion: Difficult
RESTAURANT
$2,660,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Sep 9 2024)
Last sale anchor
$2.30M
Sep 9 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
$200 / 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
$15,749
Tax year 2023
Assessed value
$55,614
Assessed 2023
Previous assessed
$55,614
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$53,323
Assessed improvement
$2,291
Land market value
$953,120
Improvement market value
$287,400
Total market value
$1,240,520
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
1968
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Total area
11,488 SF
Lot
20.25 ac (882,090 SF)
Zoning code
TA8
APN
444-08-04-0003
UPID
US77-1832553
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SC
Zoning TA8 · permitted uses
TA8 · 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
$2.6M
MEDICAL BUILDING
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.8M
RESTAURANT
Est. value
$2.7M
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
1968
Construction
CONCRETE
Heating
HEAT PUMP
Stories
1
Lot
20.25 ac
Current owner
From public records · entity-resolved
Rainmaker Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
304 N OCEAN BLVD, MYRTLE BEACH, SC 29577-4046
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2026
—
Rainmaker Holdings
—
Deed
related
$600,000 · Em Capital
Jun 27, 2025
—
Rainmaker Holdings LLC
—
Deed
related
$750,000 · Myrtle Beach City Of
Sep 9, 2024
$2,300,000
Rainmaker Holdings LLC
Malabar Ltd
Warranty Deed
—
Oct 31, 2022
—
Malabar Ltd
—
Deed
related
$1,333,200 · Strand Village
Apr 8, 2022
—
Malabar Ltd
—
Deed
related
$250,000 · Conway National Bank
May 7, 2010
$1,300,000
Malabar Ltd
I Fcp
Grant Deed
$1,200,000 · Coastal Carolina Nat'l Bk
May 7, 2010
—
Fcp I
Admiral Motor Inn LLC
Grant Deed
related
—
Dec 23, 2008
—
Admiral Motor Inn LLC
—
Grant Deed
related
$1,175,000 · National Bk/sc
Oct 29, 2004
$2,920,000
Admiral Motor Inn LLC
Jean J Morrison
Grant Deed
$2,482,000 · Coastal Fed'l 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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