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Property profile & analytics
OFF-MARKET
Estimated value
$6,920,000
Hotels
3516 Waccamaw Blvd Myrtle Beach, SC 29579-9428
Entity Owned
Free & Clear
Property ID
US77-1509009
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Construction
CONCRETE
Total area
47,602 SF
Lot
1.92 ac (83,635 SF)
Zoning code
HC
APN
426-03-01-0005
UPID
US77-1509009
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
-
Country Inn & Suites by Radisson, Myrtle Beach, SC Hotel & Motel
-
Beach Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$6.92M
Owner & transaction history
Palmetto Point Church Of God
Palmetto Point Church Of God
since 2026
7 recorded transactions
Zoning & alternative use
HC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,360,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,180,000
Current use
OFFICE BUILDING
$10,900,000
Change: -3% · Conversion: Difficult
RETAIL STORES
$9,670,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.92M
Range $6.23M – $7.61M · ±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
$145 / 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
$51,293
Tax year 2023
Assessed value
$234,000
Assessed 2023
Effective rate
21.92%
On assessed value
Assessed land
$42,654
Assessed improvement
$191,346
Land market value
$710,900
Improvement market value
$3,189,100
Total market value
$3,900,000
Applied tax rate
800.0000
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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Total area
47,602 SF
Lot
1.92 ac (83,635 SF)
Zoning code
HC
APN
426-03-01-0005
UPID
US77-1509009
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · 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
$11.2M
OFFICE BUILDING
Est. value
$10.9M
RETAIL STORES
Est. value
$9.7M
HOTEL/MOTEL Current
OFFICE BUILDING
RETAIL STORES
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
2002
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Lot
1.92 ac
Current owner
From public records · entity-resolved
Palmetto Point Church Of God
Entity
Free & Clear · 0 yrs held
Mailing address
3516 WACCAMAW BLVD, MYRTLE BEACH, SC 29579-9428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Feb 12, 2026
$879,000
Palmetto Point Church Of God
Abajeebapa Hospitality LLC
Warranty Deed
—
Jun 25, 2024
—
Huron Abajeebap Myghm Port
—
Deed
related
$425,000 · Td Bank
Sep 20, 2023
$750,000
Abajeebapa Hospitality LLC
Zulu Warehouse LLC
Warranty Deed
—
May 6, 2022
$630,000
Zulu Warehouse LLC
Monorom LLC
Warranty Deed
—
May 22, 2019
$7,200,000
Myghm Port Huron Abajeebapa Ll
P & D Group Ventures LLC
Warranty Deed
$5,100,000 · Td Bk NA
Oct 20, 2017
—
P & D Group Ventures LLC
—
Deed
related
$4,825,000 · Conway Nat'l Bk
Aug 22, 2012
$2,500,000
P & D Group Ventures LLC
Shree Om Investment INC
Grant Deed
$1,680,000 · Conway Nat'l Bk
—
—
P & D Group Ventures LLC
—
Deed Of Trust
related
$4,825,000 · Conway 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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