Technical
Financial
Distress signals
Property profile

401 37th S Ave North Myrtle Beach, SC 29582

OFF-MARKET
Motels
Property ID
US77-1656337
1,575 SF 0.1 ac lot Built 1961
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1961
Total area 1,575 SF
Lot 0.1 ac (4,356 SF)
Zoning code RC
APN 391-04-04-0170
UPID US77-1656337

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

401 37th S Ave North Myrtle Beach, SC 29582-4908
North Myrtle Beach metro Census 40500 MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.86M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.87M

Owner & transaction history

since 2023
Last sale
$2.3M
4 recorded transactions
2023
$2.3M
2016
$260,000
2016
$576,454
2008
$630,000

Zoning & alternative use

RC · North Myrtle Beach, SC
Zoning description

Residential), RC (Resort Commercial) and PDD (Planned Development District) primary zoning districts. The boundaries of the overlay zone are proposed to include oceanfront properties and associated properties within thre…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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