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Property profile & analytics
OFF-MARKET
Estimated value
$2,820,000
Hotels
605 Ocean Blvd Myrtle Beach, SC 29577-4480
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-1663658
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1969
Construction
CONCRETE
Total area
17,580 SF
Lot
55.96 ac (2,437,618 SF)
Zoning code
TA8
APN
443-12-04-0001
UPID
US77-1663658
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
-
Sea Dunes Ocean Front Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$3.08M
Blend (final)
Blend
$2.82M
Owner & transaction history
Yoge LLC · 8 yrs held
Yoge LLC
since 2017
7 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Office building
$4.3M
+7.4%
Restaurant
$4.1M
+1.8%
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%
$1,880,000
6.5%
$1,735,000
7%
$1,610,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,995,000
Current use
OFFICE BUILDING
$4,290,000
Change: +7% · Conversion: Difficult
RESTAURANT
$4,065,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.82M
Range $2.54M – $3.10M · ±10%
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
$160 / 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
$147,105
Assessed 2023
Assessed land
$92,256
Assessed improvement
$54,849
Land market value
$1,623,380
Improvement market value
$1,048,700
Total market value
$2,672,080
Applied tax rate
899.0000
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
1969
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
2
Total area
17,580 SF
Lot
55.96 ac (2,437,618 SF)
Zoning code
TA8
APN
443-12-04-0001
UPID
US77-1663658
Jurisdiction
HORRY
Zoning & alternative use
TA8 · Myrtle Beach, SCZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.0M
OFFICE BUILDING
Est. value
$4.3M
RESTAURANT
Est. value
$4.1M
HOTEL/MOTEL Current
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
1969
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Buildings
2
Lot
55.96 ac
Current owner
From public records · entity-resolved
Yoge LLC
Entity
Mailing address
311 N OCEAN BLVD, MYRTLE BEACH, SC 29577-4045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2017
$2,200,001
Yoge LLC
Busbee Motel LLC
Warranty Deed
$1,736,710 · Busbee Motel LLC
Oct 17, 2017
—
Busbee Motel LLC
Benson Ella E B Trust
Grant Deed
related
—
Feb 17, 2017
$3,500,000
Laniado Dev LLC
West Town Bank & Trust
Grant Deed
—
May 26, 2016
$3,697,500
West Town Bk & Trust
In Equity Horry Count|b Master
Deed
related
—
Mar 31, 2010
—
Busbee Motel LLC
Busbee Ella E Trust
Quit Claim Deed
related
—
Dec 9, 1999
$463,750
Benson,william R Tr
—
Grant Deed
related
—
—
—
605 Mids LLC
—
Deed Of Trust
related
$900,000 · Coastal Fed'l Bk
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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