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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Hotels
600 Chester St Myrtle Beach, SC 29577-3702
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2121535
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Construction
CONCRETE BLOCKS
Total area
15,474 SF
Lot
0.56 ac (24,394 SF)
Zoning code
TA8
APN
444-01-04-0051
UPID
US77-2121535
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
-
Palms Court Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.69M
Blend (final)
Blend
$3.50M
Owner & transaction history
600 Chester Ny LLC · 4 yrs held
600 Chester Ny LLC
since 2022
Last sale
$3.6M
6 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.7M
+32.6%
Apartment house (5+ units)
$4.4M
+25.0%
Office building
$3.8M
+7.4%
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
$3,515,000
Current use
MEDICAL BUILDING
$4,660,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,395,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,775,000
Change: +7% · Conversion: Difficult
RESTAURANT
$3,580,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.60M (Apr 22 2022)
Last sale anchor
$3.60M
Apr 22 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
$226 / 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
Assessed value
$91,494
Assessed 2023
Previous assessed
$91,494
+0.0% YoY
Assessed land
$17,280
Assessed improvement
$74,214
Land market value
$288,000
Improvement market value
$1,236,900
Total market value
$1,524,900
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
1960
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
YES
Total area
15,474 SF
Lot
0.56 ac (24,394 SF)
Zoning code
TA8
APN
444-01-04-0051
UPID
US77-2121535
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
$3.5M
MEDICAL BUILDING
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.8M
RESTAURANT
Est. value
$3.6M
HOTEL/MOTEL Current
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
1960
Construction
CONCRETE BLOCKS
Heating
HOT WATER
Cooling
Yes
Lot
0.56 ac
Current owner
From public records · entity-resolved
600 Chester Ny LLC
Entity
Mailing address
2801 WADE HAMPTON BLVD STE #1, TAYLORS, SC 29687-2780
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
$3,600,000
600 Chester Ny LLC
Lynx Holdings LLC
Warranty Deed
$3,325,000 · A&s Capital
Apr 19, 2022
$3,150,000
Lynx Holdings LLC
Mb 2020 LLC
Warranty Deed
$3,325,000 · A&s Capital
Dec 31, 2020
$1,920,000
Mb 2020 LLC
Atid Props LLC
Warranty Deed
—
Sep 4, 2015
$397,000
Atid Properties LLC
Rabon & Rabon INC
Grant Deed
—
—
—
Rabon & Rabon INC
—
Deed Of Trust
related
$3,600,000 · West Town Svgs Bk
—
—
Rabon & Rabon INC
—
Deed Of Trust
related
$462,000 · Branch Bk&tr/sc
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
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