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Property profile & analytics
OFF-MARKET
Hotels
604 31st S Ave North Myrtle Beach, SC 29582
Individually Owned
8-yr Hold
Free & Clear
Property ID
US77-2040218
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1963
Total area
2,526 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C1
APN
392-01-01-0091
UPID
US77-2040218
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Irene E Armstrong · 8 yrs held
Irene E Armstrong
since 2018
7 recorded transactions
Zoning & alternative use
C1 · North 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,687
Tax year 2023
Assessed value
$5,400
Assessed 2023
Effective rate
31.24%
On assessed value
Assessed land
$4,950
Assessed improvement
$450
Land market value
$82,500
Improvement market value
$7,500
Total market value
$90,000
Applied tax rate
590.0000
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
1963
Heating
HOT WATER
Cooling
YES
Total area
2,526 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C1
APN
392-01-01-0091
UPID
US77-2040218
Jurisdiction
HORRY
Zoning & alternative use
C1 · North Myrtle Beach, SC
Zoning C1 · permitted uses
C1 · 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.
Building & site characteristics
From public records
Year built
1963
Heating
HOT WATER
Cooling
Yes
Lot
0.17 ac
Current owner
From public records · entity-resolved
Irene E Armstrong
Individual
Free & Clear · 8 yrs held
Mailing address
505 32ND AVE S, ATLANTIC BEACH, SC 29582-4717
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2018
—
Irene E Armstrong
Earlene E Woods
Quit Claim Deed
related
—
Jan 12, 2015
$137,500
Earlene E Woods
Cnty St Bk Horry
Grant Deed
—
Jan 17, 2014
$60,000
Horry Cnty St Bk
Special Referee Of Horry County|villas I & II LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Feb 15, 2008
—
Sketers,neresa
James A Sketers
Quit Claim Deed
related
—
Feb 15, 2008
$575,000
Villas I & II LLC
Dora J S Parker
Grant Deed
$287,500 · Horry Cnty St Bk
Jun 10, 2004
—
Sketers,carol L
Raymond Skeeters
Grant Deed
related
—
May 21, 2004
—
Carol L Sketers
Sketers,raymond Est
Quit Claim Deed
related
—
May 3, 2002
—
Leah M Est Sketers
—
Grant Deed
related
—
Jan 9, 2002
—
Dora J Parker
—
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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