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

    Highways 170/128 Port Royal, SC 29906 Port Royal, SC 29906

    Sponsored
    For Sale
    $1,995,000

    3.62-acre parcel, high traffic, development ready.

    Property size:
    15,768,734 SF

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    397
    This exceptional 3.62-acre commercial parcel presents a significant development opportunity in Port Royal, South Carolina. Located at the signalized intersection of Highways 170 and 128, this property boasts combined daily traffic counts exceeding 40,000 vehicles. The site is level and features all utilities readily available. Zoned GC (General Commercial), it's ideally suited for a variety of uses, including restaurants, hotels, convenience stores, or retail establishments. A Marriott hotel brand has already approved the site for development. The property enjoys direct frontage on the Broad River and is adjacent to a 229-unit Class A apartment complex, ensuring a strong existing residential base. Highways 170 and 128 provide easy access to Beaufort, Bluffton, Hilton Head Island, and Savannah. The area benefits significantly from the presence of the Marine Training Facility at Parris Island and the Marine Air Station, which is undergoing a major expansion with the addition of F-35 fighter jets, creating thousands of new jobs. This strategic location and high traffic volume make this property an exceptional investment opportunity with significant potential for future growth and high returns. The property is located at Highways 170/128, Port Royal, SC 29906.

    Property Features for Highways 170/128 Port Royal, SC 29906

    General Information

    Property type
    Commercial land
    Square Feet
    15,768,734 SF
    Elevators
    N/A
    Lot Size
    157,687 SF

    We can help!

    Listing Contact
    Tom Demint

    Learn more

    HighLights

    • 3.62‑acre commercial parcel in Port Royal, SC, zoned GC.
    • High‑traffic location at signalized intersection of Highways 170 & 128, exceeding 35,000 vehicles daily.
    • Level lot with utilities available; adjacent to a 229‑unit Class A apartment complex.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Port Royal
    State
    South Carolina

    Nearby Similar for Sale

    • $789,000
      0.12 Acres

      Paris Avenue Mixed-Use Property

      Renovated mixed-use property in historic Port Royal, South Carolina.
      1503 Paris Ave, Port Royal, SC 29935
      View Details
    • $950,000
      0.87 Acres

      Port Royal Storage Facility For Sale

      Established storage facility with high occupancy near proposed developments.
      1827 Ribaut Rd, Port Royal, SC 29935
      View Details
    • $445,000
      0.66 Acres

      Commercial Property in Port Royal

      Commercial property on 0.66 acres with high traffic count.
      86 Savannah Hwy, Port Royal, SC 29935
      View Details
    • $4,000,000
      1.12 Acres

      Profitable Laundromat on Ribaut Road

      Successful laundromat business for sale in high-traffic Port Royal.
      1810 Ribaut Rd, Port Royal, SC 29935
      View Details
    • $6,000,000
      3.00 Acres

      Commercial Property with Development Potential

      High-traffic location with laundromat, car wash, and restaurant potential.
      1800 Ribaut Rd, Port Royal, SC 29935
      View Details
    • $950,000
      Pending

      Highway Frontage Storage Facility

      Established storage facility with high occupancy.
      1827 Ribaut Rd, Port Royal, SC 29935
      View Details
    • $925,000
      0.13 Acres

      Port Royal Mixed-Use Opportunity

      Mixed-use property in the heart of Port Royal, South Carolina.
      1103 Paris Ave, Port Royal, SC 29935
      View Details
    • $2,579,562
      1,770 SF

      NNN Property For Sale

      NNN property with a long-term lease and renewal options.
      875 Paris Ave, Port Royal, SC 29935
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.62-acre parcel, high traffic, development ready.
    Where is this commercial land located?
    The property is located at Highways 170/128 Port Royal, SC 29906 Port Royal, SC.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: 3.62-acre commercial parcel in Port Royal, SC, zoned GC.; High-traffic location at signalized intersection of Highways 170 & 128, exceeding 35,000 vehicles daily.; Level lot with utilities available; adjacent to a 229-unit Class A apartment complex.
    (843) 816-7191
    Request Owner's contact information
    Highways 170/128 Port Royal, SC 29906 Port Royal, 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.
    Highways 170/128 Port Royal, SC 29906
    Port Royal, 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
    Highways 170/128 Port Royal, SC 29906 Port Royal, 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
    Tom Demint
    (843) 816-7191
    Learn more
    Google sign-in failed. Please try again or use another login method.