Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7003 Ocean Blvd Myrtle Beach, SC 29572-3643
    Back to Search
    Property profile & analytics

    7003 Ocean Blvd, Myrtle Beach, SC 29572-3643

    View on Map
    • Hotels
    • 1,275 SF
    • 1.05 lot acres
    Off-Market
    Property ID
    US77-2773533
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mariner Pizza / Restaurant
    • mariner motel / Hotel & Motel

    Property Details for 7003 Ocean Blvd

    Year built
    1956
    Construction
    CONCRETE
    Lot size
    1.05 lot acres
    Zone code
    TA1
    Property type
    Hotels
    Property subtype
    Motels
    APN
    421-05-02-0629
    APU
    42105020629

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2014 — Mariner Hotel LLC — Deed Of Trust · related $1.2M · Centinel LLC
    May 23, 2008 $2,500,000 Mariner Hotel LLC C & P Ptshp LLC Grant Deed $2.5M · Beach First Nat'l Bk
    Sep 30, 2005 $3,200,000 C & P Ptshp LLC Mariner LLC Grant Deed $2.9M · Beach First Nat'l Bk
    Jan 17, 2000 — Mariner,llc — Deed Of Trust · related —
    — — Mariner Hotel LLC — Deed Of Trust · related $2.2M · Coastal Carolina Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $423,000
      Market price range: $194k - $423k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000
      AUTO REPAIR, GARAGE
      $480,000
      MEDICAL BUILDING
      $385,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Beach
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8207
    Latitude
    33.7403
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $28,279
    $75,593
    $27,914
    $103,507
    -
    $1,267,500
    $956,400
    $2,223,900

    Comparable in this City

    • Value Estimation
      $1,115,000
      10,936 SF

      407 71st N Ave

      HOTEL/MOTEL
      407 71st N Ave, Myrtle Beach, SC 29572-3634
      View Details
    • Value Estimation
      $8,460,000
      68,479 SF

      620 75th N Ave

      HOTEL/MOTEL
      620 75th N Ave, Myrtle Beach, SC 29572-3900
      View Details
    • Value Estimation
      $4,065,000
      43,902 SF

      9551 Kings Hwy

      HOTEL/MOTEL
      9551 Kings Hwy, Myrtle Beach, SC 29572-4005
      View Details
    • Value Estimation
      $27,130,000
      314,930 SF

      8212 Ocean Blvd

      HOTEL/MOTEL
      8212 Ocean Blvd, Myrtle Beach, SC 29572
      View Details
    • Value Estimation
      $22,055,000
      255,157 SF

      10000 Bch Clb Dr

      HOTEL/MOTEL
      10000 Bch Clb Dr, Myrtle Beach, SC 29572-5304
      View Details
    • Value Estimation
      $4,715,000
      49,032 SF

      Myrtle Beach, SC 29572

      HOTEL/MOTEL
      Myrtle Beach, SC 29572
      View Details

    Similar Nearby for Sale

    • $1,700,000
      6,400 SF

      Myrtle Beach Restaurant - $1.7M

      Prime Kings Hwy Restaurant, 6400 SF
      10435 Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      1,514 SF

      Resort Residence with Lock-Out Floorplan

      Updated 3-bedroom condo in Kingston Resort with rental potential.
      9820 Queensway Blvd, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      960 SF

      Updated Lakefront Condo Near Ocean

      Updated 2 bed, 2 bath condo steps from the ocean.
      410 Melrose Pl, Myrtle Beach, SC 29572
      View Details
    • $849,900
      4,423 SF

      Myrtle Beach Quadplex Near Ocean

      Quadplex near the beach with income potential in Myrtle Beach.
      7201 Porcher Dr, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      Pending

      New Myrtle Beach Apartment Building

      New eight-unit apartment building in a desirable rental location.
      904 62Nd Ave N, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      4,650 SF

      Medical Office Building For Sale

      Medical office building in Myrtle Beach's healthcare corridor.
      931 Medical Cir, Myrtle Beach, SC 29572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Grande Dunes

      Retail spaces available in proposed grocery anchored development.
      6080 Tides Way, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      8,750 SF

      Retail Space in Myrtle Beach

      Retail space available in proposed grocery-anchored development.
      62Nd Ave N, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Galleria Center

      Retail and restaurant spaces available in Kroger-anchored shopping center.
      9654 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,240 SF

      Retail Outparcel in Myrtle Beach

      Freestanding retail space in high-income Myrtle Beach shopping center.
      7815 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      4,641 SF

      Retail Space in Kroger-Anchored Center

      Retail and restaurant spaces available in Myrtle Beach shopping center.
      9600 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    • Contact for pricing
      3,657 SF

      Retail Space in Myrtle Beach

      Retail opportunity in Kroger-anchored shopping center near popular attractions.
      9650 N Kings Hwy, Myrtle Beach, SC 29572
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7003 Ocean Blvd
    Myrtle Beach, SC 29572-3643
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7003 Ocean Blvd, Myrtle Beach, SC, 29572
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!