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Financial
Distress signals
Property profile

5400 Ocean Blvd Myrtle Beach, SC 29577

OFF-MARKET
Hotels
Property ID
US77-1612193
28,551 SF 0.51 ac lot Built 1971
Last sale Mar 2022 · $4,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Mermaid Inn, a newly renovated oceanfront boutique hotel in Myrtle Beach, SC, presents a rare investment opportunity. This 57-key, 28,551 square foot property sits on a prime 1-acre oceanfront lot at 5400 N Ocean Blvd, 29577. Completely renovated in 2023, the three-story building boasts 102 beds and offers elegantly designed rooms, a pool deck, vending machines, and guest laundry facilities. Its location provides tranquil surroundings while remaining close to attractions and the airport.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$75k
Tax billed · 2023
Assessed value$153k
Assessed land$98k
Assessed improvement$55k
Effective rate48.97%

Value estimate

· Oct 2026
$6.92M
$6.23M – $7.61M
AI approach$6.96M
Submarket $/SF estimate$6.17M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$227/SF
ZIP average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$148 – $328

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
TA8
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.0
Building Supply11.8
Law Firm11.3

Location

5400 Ocean Blvd Myrtle Beach, SC 29577-2350
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2010 Ocean, Myrtle Beach, SC 29577-4638 $4,000,000 Mar 2025 25,011 SF
2606 Ocean, Myrtle Beach, SC 29577-3239 $9,500,000 Nov 2024 39,314 SF
2206 Ocean, Myrtle Beach, SC 29577-3226 $12,000,000 Jul 2024 34,897 SF
1804 Ocean, Myrtle Beach, SC 29577-4634 $7,586,500 Mar 2024 27,929 SF
2209 Ocean, Myrtle Beach, SC 29577-4742 $3,850,000 Feb 2024 25,248 SF
2913 Ocean, Myrtle Beach, SC 29577-4855 $249,270 Jul 2023 29,402 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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