Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5400 Ocean Blvd Myrtle Beach, SC 29577

    • Hotels
    • 28,551 SF
    • 0.51 lot acres
    For Sale
    View listing
    $6,490,000
    Value Estimation
    Last Sale
    Mar 17, 2022
    $4,900,000
    Location Intelligence
    Property ID
    US77-1612193
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mermaid Inn / Hotel
    • Cherry Tree Inn / Hotel

    Property Details for 5400 Ocean Blvd

    Year built
    1971
    Construction
    CONCRETE
    Lot size
    0.51 lot acres
    Property size
    28,551 SF
    Zone code
    TA8
    Property type
    Hotels
    Property subtype
    Motels
    APN
    421-15-03-0095
    APU
    42115030095

    Description

    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. Currently operating and generating steady cash flow under third-party management, this stabilized investment offers immediate use or redevelopment potential due to its size and prime location. The property features unobstructed ocean views and represents a chance to own a piece of Myrtle Beach's coastline. Asking price is $6,490,000 ($227.31/sq ft). Built in 1971, the property's APN is 42115030095.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,920,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,545,000
      6.5%
      $4,550,000
      7%
      $5,410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,425,000
      Geo Method
      $5,705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,765,000
      Retail
      $4,970,000
      Mixed-Use
      $4,260,000
      Hospitality
      $5,145,000
      Educational
      $4,930,000
      Residential Income
      $5,680,000
      Energy
      $5,405,000
      Income-Based Land
      $4,420,000
      Food Service
      $4,910,000

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8388
    Latitude
    33.7258
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $74,993
    $98,100
    $55,050
    $153,150
    -
    $1,635,000
    $917,500
    $2,552,500

    Comparable in this City

    • Value Estimation by Request
      14,299 SF

      701 Flagg St

      HOTEL/MOTEL • 14,299 SF
      701 Flagg St, Myrtle Beach, SC 29577-3708
      View Details
    • Value Estimation by Request
      23,336 SF

      606 Ocean Blvd

      HOTEL/MOTEL • 23,336 SF
      606 Ocean Blvd, Myrtle Beach, SC 29577-3725
      View Details
    • Value Estimation by Request
      13,860 SF

      Ocean Blvd

      HOTEL/MOTEL • 13,860 SF
      Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      14,751 SF

      1200 Ocean Blvd

      HOTEL/MOTEL • 14,751 SF
      1200 Ocean Blvd, Myrtle Beach, SC 29577-3757
      View Details
    • Value Estimation by Request
      15,705 SF

      805 Ocean Blvd

      HOTEL/MOTEL • 15,705 SF
      805 Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • Value Estimation by Request
      69,814 SF

      1803 Ocean Blvd

      HOTEL/MOTEL • 69,814 SF
      1803 Ocean Blvd, Myrtle Beach, SC 29577-4633
      View Details

    Similar Nearby for Sale

    • $2,640,000
      8,592 SF

      Oceanfront Myrtle Beach Hotel

      Prime location, 24-unit hotel, turnkey operation.
      509 Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $4,599,900
      14,730 SF

      Oceanfront Hotel in Myrtle Beach

      36-unit hotel with ocean views in a prime location.
      1900 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $129,000
      475 SF

      Ocean View Furnished Condo

      Furnished one-bedroom condo with ocean views and many amenities.
      2001 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $188,500
      528 SF

      Oceanfront Condo in Myrtle Beach

      Top-floor, fully furnished condo with ocean views and resort amenities.
      1200 N Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $92,900
      431 SF

      Oceanfront Efficiency Unit Landmark Resort

      Turnkey, fully furnished oceanfront efficiency unit with resort amenities.
      1501 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details
    • $4,790,000
      30,288 SF

      Oceanfront Boutique Hotel Opportunity

      Premier oceanfront investment with 41 units in Myrtle Beach.
      2711 S Ocean Blvd, Myrtle Beach, SC 29577
      View Details

    Similar Nearby for Lease

    • $3,250 /Mo
      2,400 SF

      Myrtle Beach Office Space Available

      Office space for rent in Myrtle Beach, South Carolina.
      1455 Commerce Pl, Myrtle Beach, SC 29577
      View Details
    • $2,800 /Mo
      1,750 SF

      Retail Space in Myrtle Beach

      Retail space for lease in Downtown Myrtle Beach.
      605 Broadway St, Myrtle Beach, SC 29577
      View Details
    • $324 /Mo
      4,985 SF

      611 Burroughs And Chapin Blvd

      Office Properties & Spaces • 4,985 SF
      611 Burroughs And Chapin Blvd, Myrtle Beach, SC 29577
      View Details
    • $3,000 /Mo
      1,260 SF

      Free Standing Office Building For Lease

      Well-maintained 1,260 SF office building available for lease.
      516 29Th Ave N, Myrtle Beach, SC 29577
      View Details
    • $25 SF/Yr
      4,380 SF

      Premier Retail Development in Myrtle Beach

      Premier retail development with outparcel and building opportunities for lease.
      SC 29577 Seaboard St & Sea Pne Blvd Myrtle Bch, Myrtle Beach, SC 29577
      View Details
    • Contact for pricing
      12,781 SF

      Myrtle Beach Retail Space Available

      Retail space for lease in Myrtle Beach, redevelopment coming soon.
      1311-1527 N Kings Hwy, Myrtle Beach, SC 29577
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5400 Ocean Blvd
    Myrtle Beach, SC 29577
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.