Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    491 Parris Island Gtwy Beaufort, SC 29906

    Sponsored
    For Sale
    $1,900,000

    COMMERCIAL - Beaufort, SC

    Type:Office
    Lot size:
    0.62 Acres
    Days on Market:
    56
    Last Refresh:
    Feb 12 at 2:06 am

    Property Features for 491 Parris Island Gtwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    R100-031-000-0136-0000
    Parking features
    Parking Lot
    Lot size
    0.62 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Central
    Cooling system
    Heat Pump, Central Air
    Water source
    Public

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    4
    Flooring type
    Carpet, Tile
    Building materials
    Aluminum Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Trey Rivers

    Coastal Real Estate Solutions of the Lowcountry LLC (843) 940-7076

    Listing agent Trey Rivers (843) 940-7076 License #115465

    Listing date Dec 19, 2025

    MLS# 191153

    Copyright © 2026 Lowcountry Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Property on Parris Island

    This commercial property is located in a high-traffic area on Parris Island Gateway in Beaufort, South Carolina. Currently operating as an events hall, this versatile space offers possibilities for business development. Its location near military bases, residential neighborhoods, and main thoroughfares makes the property suitable for a range of commercial uses, including an event venue or banquet hall, retail or specialty shops, office space or co-working hub, restaurant or cafe, community center, sanctuary, or fitness facility. The property has a spacious layout and ample parking. The lot size is 0.62 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elegant Events Hall Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Pharmacy Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.735791
    Latitude
    32.402268

    Nearby Similar for Sale

    • New
      $6,500,000
      5,000 SF

      Waterfront Mixed-Use Property in Beaufort

      Mixed-use property with panoramic waterfront views in downtown Beaufort, SC.
      916 Bay St, Beaufort, SC 29902
      View Details
    • $6,500,000
      5,000 SF

      Waterfront Mixed-Use Landmark Property

      Unique mixed-use property with panoramic waterfront views in downtown Beaufort.
      916 Bay St, Beaufort, SC 29902
      View Details
    • $499,900

      Commercial Property in High-Traffic Area

      Prime commercial property with turnkey restaurant potential in Beaufort, SC.
      1509 Salem Rd, Beaufort, SC 29902
      View Details
    • $4,800,000
      1.48 Acres

      Beaufort Commercial Property with Waterfront

      Commercial property with apartments, retail spaces, deep water access.
      81 Sea Island Pkwy, Beaufort, SC 29907
      View Details
    • $1,300,000
      0.92 Acres

      Commercial Land on Parris Island Gateway

      Prime commercial corner lot in Beaufort, South Carolina for sale.
      45 Ice House Rd, Beaufort, SC 29906
      View Details
    • $3,000,000
      1.48 Acres

      Commercial Property Near Downtown Beaufort

      Income-generating commercial property with apartments and retail near downtown Beaufort.
      81 A Sea Is Pkwy, Beaufort, SC 29907
      View Details
    • $1,300,000
      1,734 SF

      Commercial Corner Lot in Beaufort

      Prime commercial lot with building, ideal for retail/office/service use.
      45 Ice House Rd, Beaufort, SC 29906
      View Details
    • $1,195,000
      0.58 Acres

      Deepwater Lot in Beaufort, SC

      Deepwater lot with private dock in premier waterfront community.
      180 Distant Island Dr, Beaufort, SC 29907
      View Details
    • $1,250,000
      3.16 Acres

      Commercial Property with Highway Visibility

      Commercial property featuring two buildings and ample parking.
      216 Grober Hill Rd, Beaufort, SC 29906
      View Details
    • $638,000
      0.51 Acres

      Commercial Retail and Warehouse Space

      Two commercial retail and warehouse spaces on US 21.
      2749 Boundary St, Beaufort, SC 29906
      View Details
    • $450,000
      0.61 Acres

      Commercial Property in High-Traffic Area

      Convenience store/restaurant with potential for various business ventures.
      2769 Trask Pkwy, Beaufort, SC 29906
      View Details
    • New
      $1,200,000
      4,350 SF

      Commercial Property on Highway 170

      Highly visible corner parcel with flex retail and storage buildings.
      46 Robert Small Pkwy, Beaufort, SC 29906
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile commercial space in high-traffic Beaufort location.
    Where is this office space located?
    The property is located at 491 Parris Island Gtwy Beaufort, SC.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - High-traffic location on Parris Island Gateway.; - Versatile space suitable for various commercial uses.; - Strategic location near military bases, residential neighborhoods, and main thoroughfares.
    (843) 263-4306
    Request Owner's contact information
    491 Parris Island Gtwy Beaufort, SC 29906
    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.
    491 Parris Island Gtwy
    Beaufort, SC 29906
    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
    491 Parris Island Gtwy Beaufort, SC 29906
    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

    We can help!
    Listing Contact
    Trey Rivers
    Real Estate License ID: 115465
    (843) 263-4306
    Learn more
    Google sign-in failed. Please try again or use another login method.