Financial
Distress signals
Property profile

606 N Ocean Blvd Myrtle Beach, SC 29577

FOR SALE
Hotels
Property ID
US77-2042418
23,336 SF 60.74 ac lot Built 1962
Last sale Mar 2024 · $6,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Located on Ocean Boulevard and 7th Avenue North in Myrtle Beach, South Carolina, The Diplomat is an oceanfront mixed-use hospitality building comprising 54 units and approximately 24,000 square feet, along with a street-level commercial restaurant space. The property includes an additional parcel at 301 7th Avenue North used as a parking lot; the main parcel is approximately 0.6 acres and the parking-lot parcel is approximately 0.2 acres, for a total site area of approximately 0.8 acres. The

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value$193k
Assessed land$185k
Assessed improvement$8k
Effective rate28.32%

Value estimate

· Sep 2026
$3.81M
$3.43M – $4.19M
CAP approach$2.30M
Sales comparison$4.04M
NOI build-up
Gross scheduled income$526k
Vacancy & credit loss−$13k
Operating expenses−$128k
NOI · 5.13% cap applied$385k

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?
5.13%
$385k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TA8
JurisdictionHORRY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop9.8
Pharmacy9.4
Building Supply9.3

Location

606 N Ocean Blvd Myrtle Beach, SC 29577
County assessor Recorded deeds · 3 transfers 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 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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