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Property profile & analytics
FOR SALE
Hotels
510 S Ocean Blvd North Myrtle Beach, SC 29582
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1969490
For Sale
1 / 83
$2,899,000
510 S Ocean Blvd, North Myrtle Beach, SC 29582
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Total area
5,396 SF
Lot
14.69 ac (639,896 SF)
Zoning code
R-4
APN
356-08-03-0502
UPID
US77-1969490
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
-
High Tide Motel Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.88M
Blend (final)
Blend
$1.73M
Owner & transaction history
Num 510 S Ocean Blvd LLC · 3 yrs held
Num 510 S Ocean Blvd LLC
since 2022
Last sale
$1.5M
3 recorded transactions
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+63.4%
Commercial (general)
$2.1M
+53.0%
Retail stores
$2.0M
+45.5%
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
$2,165,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,365,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,230,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,085,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$1,985,000
Change: +45% · Conversion: Difficult
RESTAURANT
$1,895,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,705,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$1,625,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$1,210,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±10% · vs last sale $1.54M (Sep 14 2022)
Last sale anchor
$1.54M
Sep 14 2022
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
$321 / 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
$15,840
Tax year 2023
Assessed value
$40,650
Assessed 2023
Effective rate
38.97%
On assessed value
Assessed land
$24,000
Assessed improvement
$16,650
Land market value
$400,000
Improvement market value
$277,500
Total market value
$677,500
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
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1969
Heating
NONE
Total area
5,396 SF
Lot
14.69 ac (639,896 SF)
Zoning code
R-4
APN
356-08-03-0502
UPID
US77-1969490
Jurisdiction
HORRY
Zoning & alternative use
R-4 · North Myrtle Beach, SC
Zoning R-4 · permitted uses
R-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
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
1969
Heating
NONE
Lot
14.69 ac
Current owner
From public records · entity-resolved
Num 510 S Ocean Blvd LLC
Entity
Mailing address
655 9TH CT, FOX ISLAND, WA 98333-9669
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
—
510 S Ocean Blvd LLC
—
Deed
related
$260,000 · United Community Bank
Sep 14, 2022
$1,535,000
Num 510 S Ocean Blvd LLC
Ashbaugh LLC
Warranty Deed
$975,000 · United Community Bank
Mar 10, 2020
$700,000
Ashbaugh LLC
Leeper Co The
Warranty Deed
$491,400 · Leeper Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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