Entity Owned 
For Sale
1 / 31
$4,550,000
806 S Ocean Blvd, Myrtle Beach, SC 29577
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Property summary
AI-generated overview
The property is a hospitality/multi-unit lodging facility with 60 doors, located in Myrtle Beach on a 0.83-acre corner lot at the intersection of South Ocean Boulevard and 9th Avenue South. Constructed of concrete and steel and totaling 22,442 square feet, it is positioned directly across from beach access in a high-traffic tourism corridor and provides ocean views. The site includes an outdoor in-ground pool, a lobby area, a commercial laundry facility, multiple storage areas, and on-site parking. Interior furnishings and equipment were included as part of the property’s setup, and applicable operating licenses and permits were stated as in effect. It is within walking distance of major local attractions including the Myrtle Beach Boardwalk, Myrtle Beach SkyWheel, Second Avenue Pier, and Family Kingdom Amusement Park. The property had a roof replacement scheduled for 2026.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1966
Construction
CONCRETE
Total area
22,442 SF
Lot
0.58 ac (25,265 SF)
Zoning code
TA1
APN
443-11-03-0054
UPID
US77-2120865
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hotel & Motel
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.73M
Blend (final)
Blend
$4.64M
Owner & transaction history
since 2023
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
TA1 · Myrtle Beach, SC
Top alternative use upside
Office building
$5.5M
+7.4%
Restaurant
$5.2M
+1.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$4.64M
Value range
$4.18M – $5.10M
±10% around blend
Estimated value / SF
$207 / SF
Confidence
Property data
75
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$4.18M
blend $4.64M
$5.10M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,442 SF
Lot area
0.58 ac
Year built
1966
APN
443-11-03-0054
Zoning
TA1
Assessed value
$117,459
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$4.73M
Range $3.33M – $7.37M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.64M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 50 sales
$227
-9%
Submarket 56 sales
$235
-12%
County 77 sales
$253
-18%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $207/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+7%
vs current-use indication
Restaurant
Hotel/motel · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.10%
Selected cap rate for this hotels
Derived from the Myrtle Beach market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.10%
9.0%
NOI (est.)
$144k *
Last sale · Oct 2023
$3.73M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.64M
Move the market yield to see immediate price impact.
Value / SF
$207
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.60%3.10%3.60%
$130k
$4.98M
$4.18M
$3.60M
$144k
$5.53M
$4.64M
$4.00M
$158k
$6.09M
$5.11M
$4.40M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$117,459
Assessed 2023
Previous assessed
$117,459
+0.0% YoY
Assessed land
$49,131
Assessed improvement
$68,328
Land market value
$818,850
Improvement market value
$1,138,800
Total market value
$1,957,650
Applied tax rate
899.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
For Sale
Year built
1966
Construction
CONCRETE
Heating
HOT WATER
Cooling
YES
Total area
22,442 SF
Lot
0.58 ac (25,265 SF)
Zoning code
TA1
APN
443-11-03-0054
UPID
US77-2120865
Jurisdiction
HORRY
Zoning & alternative use
TA1 · Myrtle Beach, SCZoning TA1 · permitted uses
TA1 · Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
0.58 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TA1
Jurisdiction
Myrtle Beach, SC
Recorded code
TA1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TA1 in Myrtle Beach, SC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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