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Property profile & analytics
OFF-MARKET
Estimated value
$12,415,000
Hotels
415 Ocean Blvd Myrtle Beach, SC 29577-4053
Individually Owned
8-yr Hold
Free & Clear
Property ID
US77-1702665
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Total area
46,845 SF
Lot
5.49 ac (239,144 SF)
Zoning code
TA8
APN
443-12-01-0039
UPID
US77-1702665
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
-
Surfside Beach 5th Ave S Public Parking Parking Lot & Garage
-
Surfside Beach Public Restroom Public Bathroom
-
Dolphin Cay Condominium Complex
-
Ocean Front 5 Star Resort - Grand Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.39M
Blend (final)
Blend
$12.42M
Owner & transaction history
Rex P Etal Smith · 8 yrs held
Rex P Etal Smith
since 2018
Last sale
$5,633
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.7M
+66.0%
Medical building
$14.1M
+32.6%
Apartment house (5+ units)
$13.3M
+25.0%
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
$10,645,000
Current use
AUTO REPAIR, GARAGE
$17,670,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$14,115,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,305,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$11,435,000
Change: +7% · Conversion: Difficult
RESTAURANT
$10,840,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$12.42M
Range $11.17M – $13.66M · ±10% · vs last sale $6k (Nov 19 2024)
Last sale anchor
$6k
Nov 19 2024
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
$265 / 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
$502,759
Tax year 2023
Assessed value
$886,853
Assessed 2023
Effective rate
56.69%
On assessed value
Assessed land
$627,741
Assessed improvement
$259,112
Land market value
$14,794,100
Improvement market value
$4,636,500
Total market value
$19,430,600
Applied tax rate
893.0000
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
1976
Heating
FORCED AIR
Cooling
CENTRAL
Total area
46,845 SF
Lot
5.49 ac (239,144 SF)
Zoning code
TA8
APN
443-12-01-0039
UPID
US77-1702665
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SC
Zoning TA8 · permitted uses
TA8 · 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
$10.6M
AUTO REPAIR, GARAGE
Est. value
$17.7M
MEDICAL BUILDING
Est. value
$14.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.3M
OFFICE BUILDING
Est. value
$11.4M
RESTAURANT
Est. value
$10.8M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1976
Heating
FORCED AIR
Cooling
Yes
Lot
5.49 ac
Current owner
From public records · entity-resolved
Rex P Etal Smith
Individual
Free & Clear · 8 yrs held
Mailing address
5601 WINDHOVER DR, ORLANDO, FL 32819-7936
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2018
—
Rex P Etal Smith
C V Ducker
Warranty Deed
related
—
Jun 25, 2018
—
Matthew Fauser
Marilyn J Fauser
Quit Claim Deed
related
—
Oct 3, 2016
$127,000
Steven M Hornyak
Gary H Johnson
Warranty Deed
related
—
Jun 28, 2016
$12,500
Barbara J Angelcyk
Westgate Myrtle Beach LLC
Grant Deed
—
Jun 20, 2016
—
Beverly Homes LLC
319 Farms LLC
Grant Deed
related
—
Jun 16, 2016
$17,000
David M Hauptman
Westgate Myrtle Bch LLC
Grant Deed
—
Jun 15, 2016
—
Henry W Meyer
Westgate Myrtle Brach LLC
Grant Deed
related
—
May 27, 2016
$7,140
Westgate Myrtle Bch LLC
James A Casper
Grant Deed
—
May 23, 2016
$32,000
Gerald P Roettger
Westgate Myrtle Bch LLC
Grant Deed
—
May 20, 2016
$19,140
Netonia L Burrell
Westgate Myrtle Bch LLC
Grant Deed
$16,828 · Private Individual
May 2, 2016
$24,000
Westgate Myrtle Bch LLC
Ronald K Kinney
Grant Deed
—
May 2, 2016
$12,900
Westgate Myrtle Bch LLC
Earl Stiles
Grant Deed
—
Mar 21, 2016
—
Westgate Myrtle Bch LLC
Charles A Douglas
Deed In Lieu Of Foreclosure
related
—
Feb 15, 2016
$52,900
Richard L Saunders
Westgate Myrtle Bch LLC
Grant Deed
—
Nov 16, 2007
—
Sell,john A & Erika
—
Deed Of Trust
related
$11,600 · Private Individual
Dec 9, 2004
$18,000,000
Westgate Myrtle Beach LLC
Mb Inn INC
Grant Deed
$29,100 · Capitalsource Fin
—
—
Patrick J Garth
—
Deed Of Trust
related
$11,627 · Private Individual
—
—
Tammy L Frye
—
Deed Of Trust
related
$9,883 · Private Individual
—
—
Wendy R Bynum
—
Deed Of Trust
related
$28,081 · Private Individual
—
—
Hughes,james V & Mallie M
—
Deed Of Trust
related
$6,784 · Private Individual
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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