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Property profile & analytics
OFF-MARKET
Estimated value
$2,535,000
Hotels
405 14th S Ave Myrtle Beach, SC 29577-4528
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1967067
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1970
Construction
CONCRETE
Total area
12,726 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TA4
APN
443-14-01-0005
UPID
US77-1967067
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
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.54M
Owner & transaction history
Simba Realty LLC · 4 yrs held
Simba Realty LLC
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
TA4 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+32.6%
Apartment house (5+ units)
$3.6M
+25.0%
Office building
$3.1M
+7.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,890,000
Current use
MEDICAL BUILDING
$3,835,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,615,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,105,000
Change: +7% · Conversion: Difficult
RESTAURANT
$2,945,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.28M – $2.79M · ±10% · vs last sale $2.54M (Sep 7 2021)
Last sale anchor
$2.54M
Sep 7 2021
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
$199 / 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
$40,980
Tax year 2023
Assessed value
$54,011
Assessed 2023
Previous assessed
$54,011
+0.0% YoY
Effective rate
75.87%
On assessed value
Assessed land
$16,379
Assessed improvement
$37,632
Land market value
$272,990
Improvement market value
$627,200
Total market value
$900,190
Applied tax rate
880.0000
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
Total area
12,726 SF
Lot
0.52 ac (22,651 SF)
Zoning code
TA4
APN
443-14-01-0005
UPID
US77-1967067
Jurisdiction
HORRY
Zoning & alternative use
TA4 · Myrtle Beach, SC
Zoning TA4 · permitted uses
TA4 · 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
$2.9M
MEDICAL BUILDING
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.1M
RESTAURANT
Est. value
$2.9M
HOTEL/MOTEL Current
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RESTAURANT
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
1970
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
0.52 ac
Current owner
From public records · entity-resolved
Simba Realty LLC
Entity
Mailing address
4900 ASSEMBLY LN, MYRTLE BEACH, SC 29588-8707
Ownership since
2021
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
Oct 10, 2024
—
Simba Realty LLC
—
Deed
related
$400,000 · Anderson Brothers Bank
Sep 7, 2021
$2,537,500
Simba Realty LLC
Myrtle Beach Coastal Apartments
Warranty Deed
$1,600,000 · Anderson Brothers Bank
Aug 19, 2021
$248,823
John Alvarado
Myrtle Beach Coastal Apartments LLC
Warranty Deed
$400,000 · Munden And Tipton
May 28, 2020
$1,150,000
Myrtle Bk Coastal Apts
Xiu Q Liu
Warranty Deed
related
$920,000 · Anderson Brothers Bk
Sep 29, 2014
$980,000
Xiu Q Liu
Travelhome LLC
Warranty Deed
$90,000 · Private Individual
Sep 23, 2005
$1,135,000
Travelhome LLC
Lacy E Cooke
Warranty Deed
$567,500 · Lacy E Cooke
—
—
Travelhome LLC
—
Deed Of Trust
related
$100,000 · Enri Senatore
—
—
Travelhome LLC
—
Deed Of Trust
related
$200,000 · Tidelands 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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