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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Motels
401 37th S Ave North Myrtle Beach, SC 29582-4908
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1656337
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.58M
Owner & transaction history
Num 401 403 37th Ave S LLC · 3 yrs held
Num 401 403 37th Ave S LLC
since 2023
Last sale
$2.3M
4 recorded transactions
Zoning & alternative use
RC · 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
$2,865,000
ML approach
$2,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $2.30M (Jun 13 2023)
Last sale anchor
$2.30M
Jun 13 2023
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
$1,638 / 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
$2,263
Tax year 2023
Assessed value
$9,874
Assessed 2023
Effective rate
22.92%
On assessed value
Assessed land
$7,047
Assessed improvement
$2,827
Land market value
$117,450
Improvement market value
$64,100
Total market value
$181,550
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1961
Heating
SOLAR
Cooling
CENTRAL
Units
1
Total area
1,575 SF
Lot
0.1 ac (4,356 SF)
Zoning code
RC
APN
391-04-04-0170
UPID
US77-1656337
Jurisdiction
HORRY
Zoning & alternative use
RC · North Myrtle Beach, SC
Zoning RC · permitted uses
RC · 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.
Building & site characteristics
From public records
Year built
1961
Heating
SOLAR
Cooling
Yes
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Num 401 403 37th Ave S LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6 MANHATTAN CT, BROOKLYN, NY 11223-6244
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
$2,300,000
Num 401 403 37th Ave S LLC
Beach One Holding LLC
Warranty Deed
—
Aug 12, 2016
$260,000
Beach One Holding LLC
Coml Cap Loan T Velocity
Grant Deed
$1,096,000 · Coastal Carolina Nat'l Bk
Mar 22, 2016
$576,454
Velocity Commercial Capital Lo Trust
Kevin Master In Equity /horry County|wright
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 3, 2008
$630,000
Wright,kevin
H Eric
Grant Deed
$409,500 · Velocity Com'l Cap
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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