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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Hotels
311 Ocean Blvd Myrtle Beach, SC 29577-4045
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-1996195
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Construction
CONCRETE
Total area
7,839 SF
Lot
19.28 ac (839,837 SF)
Zoning code
TA8
APN
444-08-01-0211
UPID
US77-1996195
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
-
Wayfarer Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$675k
Blend (final)
Blend
$655k
Owner & transaction history
Ocean 4 Of Mb LLC · 2 yrs held
Ocean 4 Of Mb LLC
since 2024
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
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
$520,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
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
$84 / 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
$9,142
Tax year 2023
Assessed value
$32,275
Assessed 2023
Previous assessed
$32,275
+0.0% YoY
Effective rate
28.33%
On assessed value
Assessed land
$26,739
Assessed improvement
$5,536
Land market value
$585,900
Improvement market value
$277,200
Total market value
$863,100
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Units
32
Total area
7,839 SF
Lot
19.28 ac (839,837 SF)
Zoning code
TA8
APN
444-08-01-0211
UPID
US77-1996195
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SCZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Units
32
Lot
19.28 ac
Current owner
From public records · entity-resolved
Ocean 4 Of Mb LLC
Entity
Free & Clear · 2 yrs held
Mailing address
311 N OCEAN BLVD, MYRTLE BEACH, SC 29577-4045
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
Apr 11, 2024
—
Ocean 4 Of Mb LLC
Naman LLC
Warranty Deed
—
Nov 26, 2012
$600,000
Naman LLC
Namaste LLC
Grant Deed
related
—
Apr 5, 2010
$700,000
Namaste LLC
I Fcp
Grant Deed
—
Apr 5, 2010
—
Fcp I
702 Mids LLC
Grant Deed
related
—
Nov 18, 2004
$1,050,000
702 Mids LLC
Sandra L Cantrell
Grant Deed
$960,000 · National Bk/sc
Apr 17, 2002
$918,000
Sandra L Cantrell
—
Grant Deed
—
—
—
Namaste LLC
—
Deed Of Trust
related
$525,000 · Fcp 1
—
—
Naman LLC
—
Deed Of Trust
related
$900,000 · Coastal Carolina Nat'l Bk
—
—
Namaste LLC
—
Deed Of Trust
related
$920,000 · Coastal Carolina Nat'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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