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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Hotels
7003 Ocean Blvd Myrtle Beach, SC 29572-3643
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US77-2773533
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1956
Construction
CONCRETE
Total area
1,275 SF
Lot
1.05 ac (45,738 SF)
Zoning code
TA1
APN
421-05-02-0629
UPID
US77-2773533
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
-
Mariner Pizza Restaurant
-
mariner motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$423k
Blend (final)
Blend
$620k
Owner & transaction history
Mariner Hotel LLC · 18 yrs held
Mariner Hotel LLC
since 2008
5 recorded transactions
Zoning & alternative use
TA1 · Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$655,000
+119.6%
Auto repair, garage
$480,000
+60.6%
Medical building
$385,000
+28.3%
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
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: +61% · Conversion: Difficult
MEDICAL BUILDING
$385,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$486 / 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
$28,279
Tax year 2023
Assessed value
$103,507
Assessed 2023
Previous assessed
$103,507
+0.0% YoY
Effective rate
27.32%
On assessed value
Assessed land
$75,593
Assessed improvement
$27,914
Land market value
$1,267,500
Improvement market value
$956,400
Total market value
$2,223,900
Applied tax rate
880.0000
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
1956
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Buildings
6
Total area
1,275 SF
Lot
1.05 ac (45,738 SF)
Zoning code
TA1
APN
421-05-02-0629
UPID
US77-2773533
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SC
Zoning TA1 · permitted uses
TA1 · 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
COMMERCIAL (GENERAL)
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$480,000
MEDICAL BUILDING
Est. value
$385,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1956
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Buildings
6
Lot
1.05 ac
Current owner
From public records · entity-resolved
Mariner Hotel LLC
Entity
Mailing address
7003 N OCEAN BLVD, MYRTLE BEACH, SC 29572-3643
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2014
—
Mariner Hotel LLC
—
Deed Of Trust
related
$1,200,000 · Centinel LLC
May 23, 2008
$2,500,000
Mariner Hotel LLC
C & P Ptshp LLC
Grant Deed
$2,500,000 · Beach First Nat'l Bk
Sep 30, 2005
$3,200,000
C & P Ptshp LLC
Mariner LLC
Grant Deed
$2,880,000 · Beach First Nat'l Bk
Jan 17, 2000
—
Mariner,llc
—
Deed Of Trust
related
—
—
—
Mariner Hotel LLC
—
Deed Of Trust
related
$2,150,000 · Coastal Carolina 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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