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    Property profile & analytics

    306 Ocean Blvd Myrtle Beach, SC 29577-4046

    • Hotels
    • 13,270 SF
    • 20.25 lot acres
    OFF-MARKET
    Value Estimation
    $2,285,000
    Last Sale
    Sep 09, 2024
    $2,300,000
    Location Intelligence
    Property ID
    US77-1211506
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Scooby's Ice Cream / Dessert Shop

    Property Details for 306 Ocean Blvd

    Year built
    1970
    Construction
    CONCRETE
    Lot size
    20.25 lot acres
    Property size
    13,270 SF
    Zone code
    TA8
    Property type
    Hotels
    Property subtype
    Motels
    APN
    444-08-04-0002
    APU
    44408040002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,045,000
      6.5%
      $2,155,000
      7%
      $2,235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,255,000
      Geo Method
      $1,975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,515,000
      Retail
      $2,110,000
      Mixed-Use
      $2,205,000
      Hospitality
      $2,585,000
      Educational
      $1,940,000
      Residential Income
      $2,190,000
      Energy
      $2,360,000
      Income-Based Land
      $2,590,000
      Food Service
      $2,490,000

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.885
    Latitude
    33.6862
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,392
    $51,281
    $4,264
    $55,545
    -
    $917,380
    $459,300
    $1,376,680

    Comparable in this City

    • Value Estimation by Request
      46,845 SF

      415 Ocean Blvd

      HOTEL/MOTEL • 46,845 SF
      415 Ocean Blvd, Myrtle Beach, SC 29577-4053
      View Details
    • Value Estimation by Request
      17,580 SF

      605 Ocean Blvd

      HOTEL/MOTEL • 17,580 SF
      605 Ocean Blvd, Myrtle Beach, SC 29577-4480
      View Details
    • Value Estimation by Request
      54,216 SF

      901 Ocean Blvd

      HOTEL/MOTEL • 54,216 SF
      901 Ocean Blvd, Myrtle Beach, SC 29577-4434
      View Details
    • Value Estimation by Request
      34,958 SF

      1804 Ocean Blvd

      HOTEL/MOTEL • 34,958 SF
      1804 Ocean Blvd, Myrtle Beach, SC 29577-2745
      View Details
    • Value Estimation by Request
      6,840 SF

      707 Flagg St

      HOTEL/MOTEL • 6,840 SF
      707 Flagg St, Myrtle Beach, SC 29577-3708
      View Details
    • Value Estimation by Request
      5,510 SF

      708 Kings Hwy

      HOTEL/MOTEL • 5,510 SF
      708 Kings Hwy, Myrtle Beach, SC 29577-3747
      View Details

    Similar Nearby for Sale

    • $2,640,000
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      Oceanfront Myrtle Beach Hotel

      Prime location, 24-unit hotel, turnkey operation.
      509 Ocean Blvd, Myrtle Beach, SC 29577
      View Details
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      Ocean View Furnished Condo

      Furnished one-bedroom condo with ocean views and many amenities.
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      Oceanfront Condo in Myrtle Beach

      Top-floor, fully furnished condo with ocean views and resort amenities.
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      Renovated Hotel Near Myrtle Beach

      Newly renovated 63-room hotel near Myrtle Beach SkyWheel.
      507 Ocean Blvd N, Myrtle Beach, SC 29577
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    • $3,999,900
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      Myrtle Beach Oceanfront Hospitality Property

      36-unit hotel with ocean views in prime location.
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    Similar Nearby for Lease

    • $324 /Mo
      4,985 SF

      611 Burroughs And Chapin Blvd

      Office Properties & Spaces • 4,985 SF
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      View Details
    • $25 SF/Yr
      4,380 SF

      Premier Retail Development in Myrtle Beach

      Premier retail development with outparcel and building opportunities for lease.
      SC 29577 Seaboard St & Sea Pne Blvd Myrtle Bch, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      12,781 SF

      Myrtle Beach Retail Space Available

      Retail space for lease in Myrtle Beach, redevelopment coming soon.
      1311-1527 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    • $6,500 /Mo
      4,975 SF

      Industrial Space Near Airport

      4,975 SF industrial space in Myrtle Beach core market.
      1645 Dividend Loop, Myrtle Beach, SC 29577
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    • Contact for pricing
      1,452 SF

      Retail Space in Plantation Point

      Retail space available in a busy Myrtle Beach shopping center.
      1241 38Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $16 SF/Yr
      25,196 SF

      Office Space in Myrtle Beach

      Available office space for rent in Myrtle Beach, SC.
      1900 Mr Joe White Ave, Myrtle Beach, SC 29577
      View Details
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    Myrtle Beach, SC 29577-4046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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