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Property profile & analytics
OFF-MARKET
Estimated value
$5,940,000
Hotels
4551 Hwy 501 Myrtle Beach, SC 29579-9440
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US77-1989402
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2001
Construction
CONCRETE
Total area
46,196 SF
Lot
1.86 ac (81,022 SF)
Zoning code
HC
APN
417-03-01-0004
UPID
US77-1989402
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
$4.56M
Comparable Approach
Comparable
$7.04M
Blend (final)
Blend
$5.94M
Owner & transaction history
South Carolina Hotel LLC · 20 yrs held
South Carolina Hotel LLC
since 2005
7 recorded transactions
Zoning & alternative use
HC · 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 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%
$4,935,000
6.5%
$4,555,000
7%
$4,230,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,385,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$5.94M
Range $5.35M – $6.53M · ±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
$129 / 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
$60,887
Tax year 2023
Assessed value
$276,274
Assessed 2023
Effective rate
22.04%
On assessed value
Assessed land
$44,724
Assessed improvement
$231,550
Land market value
$1,215,320
Improvement market value
$5,644,000
Total market value
$6,859,320
Applied tax rate
600.0000
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
2001
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
46,196 SF
Lot
1.86 ac (81,022 SF)
Zoning code
HC
APN
417-03-01-0004
UPID
US77-1989402
Jurisdiction
HORRY
Zoning & alternative use
HC · Myrtle Beach, SC
Zoning HC · permitted uses
HC · 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
RETAIL STORES
Est. value
$9.4M
RETAIL STORES
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
2001
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
1.86 ac
Current owner
From public records · entity-resolved
South Carolina Hotel LLC
Entity
Mailing address
402 MARVEL CT, EASTON, MD 21601-4052
Ownership since
2005
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
Dec 1, 2022
—
South Carolina Hotel LLC
—
Deed
related
$10,500,000 · Bayvanguard Bank
Oct 8, 2019
—
South Carolina Hotel LLC
—
Deed
related
$8,600 · Pacific Coast Bankers Bk
Oct 27, 2016
—
South Carolina Hotel LLC
—
Deed
related
$7,000,000 · 1880 Bk
Aug 31, 2005
$5,000,000
South Carolina Hotel LLC
Svm LLC
Grant Deed
$3,750,000 · Branch Bk&tr
—
—
South Carolina Hotel LLC
—
Deed Of Trust
related
$160,000 · Branch Bk&tr
—
—
South Carolina Hotel LLC
—
Deed Of Trust
related
$8,600 · Pacific Coast Bankers Bk
—
—
South Carolina Hotel LLC
—
Deed Of Trust
related
$5,650,000 · Jp Morgan Chase Bk
—
—
South Carolina Hotel LLC
—
Deed Of Trust
related
$7,000,000 · 1880 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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