Vacant Senior Housing
For Sale
$6,000,000
1119 Pick Pocket Plantation Drive, Beaufort, SC 29902
Community amenities include dining, library, activity, and television areas.
Property Size48,288 SF
Days on Market75
Property Features for 1119 Pick Pocket Plantation Drive
General Information
Standard status
Active
Size
48,288 SF
Property subtype
Other - Special Purpose
Amenities
community living room and activity areas
family dining and library
large-screen TV room
dedicated activities room
professional kitchen
Building Details
Building Size
48,288 SF
Year Built
1999
Units
72
Listing Agency:
Bull Realty
Listed By:
Ernie Anaya, MBA · License ##93244
(404) 876-1640
Source:
Commercialcafe
Added: Aug 1
Changed: Oct 1
Last Checked: Oct 12 at 5:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bull Realty
Investment Insights
Based on property information with market context.
Built in 1999, this vacant senior housing facility includes shared spaces designed for resident and family use. The interior program features a community living room, activity areas, family dining, a library, a large-screen television room, a dedicated activities room, and a professional kitchen.
Located at 1119 Pick Pocket Plantation Drive in Beaufort, South Carolina, the property may support conversion to an independent living facility under existing zoning. A behavioral health conversion may also be possible with a Special Use Permit. The asset is positioned within a senior housing and healthcare-oriented market serving Beaufort County and the surrounding Lowcountry region.
Located at 1119 Pick Pocket Plantation Drive in Beaufort, South Carolina, the property may support conversion to an independent living facility under existing zoning. A behavioral health conversion may also be possible with a Special Use Permit. The asset is positioned within a senior housing and healthcare-oriented market serving Beaufort County and the surrounding Lowcountry region.
Key Highlights
- Vacant senior housing facility at 1119 Pick Pocket Plantation Drive, Beaufort, SC 29902
- 1999 construction date
- Community living room and multiple activity areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$514,702
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,294,040
$10.3M
Cap Rate 7%
$7,352,886
$7.4M
Cap Rate 9%
$5,718,911
$5.7M
Market Conditions
NOI Build-Up for 48,288 SF
Gross rent
$985.1K $20.40/SF
− Vacancy
−$49.3K −$1.02/SF
EGI
$935.8K $19.38/SF
− OpEx
−$421.1K −$8.72/SF
NOI
$514.7K $10.66/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,294,040
Cap Rate 7%
$7,352,886
Cap Rate 9%
$5,718,911
Alternative Uses
Best Use
Apartment 5plus
$7.35M
$6.43M – $8.58M
NOI $514,702 @ 7.0% cap · market cap 8.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$14.57M
$12.75M – $17.00M
NOI $1,019,843 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29902, SC
16,692
Population
7,131
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
96%
High-School Grad
18.1 sq mi
ZIP Area
922
Density / Sq Mi
$72,564
Median Household Income
$36,468
Median Earnings
$1,157
Median Rent
$306,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Community amenities include dining, library, activity, and television areas.
Where is this senior housing / retirement home located?
The property is located at 1119 Pick Pocket Plantation Drive Beaufort, SC.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Vacant senior housing facility at 1119 Pick Pocket Plantation Drive, Beaufort, SC 29902; 1999 construction date; Community living room and multiple activity areas
