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Property profile & analytics
OFF-MARKET
Estimated value
$5,725,000
Hotels
98 Ocean Blvd North Myrtle Beach, SC 29582-3046
Trust Owned
11-yr Hold
~
Est. High Equity
Property ID
US77-1891678
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Construction
CONCRETE
Total area
28,101 SF
Lot
275.48 ac (11,999,909 SF)
Zoning code
RC
APN
356-07-03-0295
UPID
US77-1891678
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
-
Spanish Galleon Nightclub DJ & Entertainment
-
Ocean Drive Beach & Golf Resort Hotel & Motel Resort
-
94.9 The Surf Radio Station Telecommunications Service
-
Beach Services Box 15 Public Bathroom
-
via I74 thru chadborn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.59M
Blend (final)
Blend
$5.73M
Owner & transaction history
Worley,harold G Trust · 11 yrs held
Worley,harold G Trust
since 2014
7 recorded transactions
Zoning & alternative use
RC · North Myrtle Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.9M
+25.1%
Medical building
$8.5M
+19.2%
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 North Myrtle Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,100,000
Current use
AUTO REPAIR, GARAGE
$8,885,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$8,465,000
Change: +19% · Conversion: Difficult
OFFICE BUILDING
$6,305,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.73M
Range $5.15M – $6.30M · ±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
$204 / 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
$139,612
Tax year 2023
Assessed value
$608,862
Assessed 2023
Previous assessed
$608,862
+0.0% YoY
Effective rate
22.93%
On assessed value
Assessed land
$270,000
Assessed improvement
$338,862
Land market value
$4,500,000
Improvement market value
$5,647,700
Total market value
$10,147,700
Applied tax rate
550.0000
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
1991
Construction
CONCRETE
Heating
SOLAR
Cooling
CENTRAL
Buildings
2
Total area
28,101 SF
Lot
275.48 ac (11,999,909 SF)
Zoning code
RC
APN
356-07-03-0295
UPID
US77-1891678
Jurisdiction
HORRY
Zoning & alternative use
RC · North Myrtle Beach, SC
Zoning RC · permitted uses
RC · North Myrtle Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Myrtle Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$8.5M
OFFICE BUILDING
Est. value
$6.3M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1991
Construction
CONCRETE
Heating
SOLAR
Cooling
Yes
Buildings
2
Lot
275.48 ac
Current owner
From public records · entity-resolved
Worley,harold G Trust
Trust
Mailing address
PO BOX 296, NORTH MYRTLE BEACH, SC 29597-0296
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
—
Worley Property Holdings I
—
Deed
related
$7,550,000 · Synovus Bank
Oct 6, 2014
—
Worley,harold G Trust
Worley Harold G Trust
Quit Claim Deed
related
$300,000 · Nbsc
May 15, 2013
—
Worley,sandra G Trust B
Worley Sandra G Trust
Quit Claim Deed
related
—
Jan 20, 2012
—
Worley,harold G Trust
Harold G Worley
Quit Claim Deed
related
—
Aug 17, 2010
—
Worley,harold G Trust
Harold G Worley
Quit Claim Deed
related
—
Jul 29, 2010
—
Worley,harold G & Sandra G
Harold Worley
Quit Claim Deed
related
—
—
—
Worley,harold G Trust
—
Deed Of Trust
related
$450,000 · Nbsc
—
—
Worley,harold G
—
Deed Of Trust
related
$12,080,000 · Nbsc
—
—
Worley,harold G
—
Deed Of Trust
related
$2,380,000 · National Bk/sc
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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