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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Hotels
606 Ocean Blvd Myrtle Beach, SC 29577-3725
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-2042418
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Construction
STEEL FRAME
Total area
23,336 SF
Lot
60.74 ac (2,645,834 SF)
Zoning code
TA8
APN
444-08-01-0194
UPID
US77-2042418
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
$2.30M
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$3.81M
Owner & transaction history
Num 417 Callowhill INC · 2 yrs held
Num 417 Callowhill INC
since 2024
3 recorded transactions
Zoning & alternative use
TA8 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.7M
+7.4%
Restaurant
$5.4M
+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%
$2,495,000
6.5%
$2,300,000
7%
$2,140,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,305,000
Current use
OFFICE BUILDING
$5,695,000
Change: +7% · Conversion: Difficult
RESTAURANT
$5,400,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±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
$163 / 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
Tax billed
$54,612
Tax year 2023
Assessed value
$192,836
Assessed 2023
Previous assessed
$192,836
+0.0% YoY
Effective rate
28.32%
On assessed value
Assessed land
$184,886
Assessed improvement
$7,950
Land market value
$3,574,200
Improvement market value
$1,201,500
Total market value
$4,775,700
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
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Total area
23,336 SF
Lot
60.74 ac (2,645,834 SF)
Zoning code
TA8
APN
444-08-01-0194
UPID
US77-2042418
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
$5.3M
OFFICE BUILDING
Est. value
$5.7M
RESTAURANT
Est. value
$5.4M
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
1962
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Lot
60.74 ac
Current owner
From public records · entity-resolved
Num 417 Callowhill INC
Entity
Free & Clear · 2 yrs held
Mailing address
606 N OCEAN BLVD, MYRTLE BEACH, SC 29577-3725
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2024
—
Num 417 Callowhill INC
Jny Ocean Blvd LLC
Warranty Deed
—
Mar 15, 2024
$6,300,000
Num 417 Callowhill INC
Motel Diplomat
Warranty Deed
—
—
—
Diplomat Motel
—
Deed Of Trust
related
$300,062 · Conway Nat'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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