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Property profile & analytics
OFF-MARKET
Estimated value
$5,360,000
Hotels
3805 Hwy 17th S North Myrtle Beach, SC 29582
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US77-0944473
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
CONCRETE
Total area
36,228 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HC
APN
391-03-02-0017
UPID
US77-0944473
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
by Request
CAP Approach
CAP
$3.58M
Comparable Approach
Comparable
$5.94M
Blend (final)
Blend
$5.36M
Owner & transaction history
Phbn LLC · 8 yrs held
Phbn LLC
since 2017
7 recorded transactions
Zoning & alternative use
HC · North 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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
$3,870,000
6.5%
$3,575,000
7%
$3,320,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$8,125,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.36M
Range $4.82M – $5.90M · ±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
$148 / 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
$52,280
Tax year 2023
Assessed value
$227,996
Assessed 2023
Effective rate
22.93%
On assessed value
Assessed land
$74,096
Assessed improvement
$153,900
Land market value
$1,234,930
Improvement market value
$2,565,000
Total market value
$3,799,930
Applied tax rate
550.0000
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
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
YES
Buildings
2
Total area
36,228 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HC
APN
391-03-02-0017
UPID
US77-0944473
Jurisdiction
HORRY
Zoning & alternative use
HC · North Myrtle Beach, SC
Zoning HC · permitted uses
HC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$8.1M
OFFICE BUILDING
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
1997
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Phbn LLC
Entity
Mailing address
108 WACCAMAW PNES DR, MYRTLE BEACH, SC 29579-0918
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2019
—
Phbn LLC
—
Deed
related
$7,800,000 · Coastal Carolina Nat'l Bk
Aug 31, 2017
$4,570,000
Phbn LLC
Innovations Hospitality LLC
Warranty Deed
$3,884,500 · First Landmark Bk
Aug 24, 2016
$2,400,000
Innovations Hospitality LLC
Kelley Properties LLC
Warranty Deed
—
—
—
Kelley Properties LLC
—
Deed Of Trust
related
$1,800,000 · Beach First Nat'l Bk
—
—
Kelley Properties LLC
—
Deed Of Trust
related
$1,750,000 · Beach First Nat'l Bk
—
—
Phbn LLC
—
Deed Of Trust
related
$7,800,000 · Coastal Carolina Nat'l Bk
—
—
Kelley Properties LLC
—
Deed Of Trust
related
$600,000 · Beach First 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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