Golf-View Residential
New
For Sale
$450,000
113 Shipyard Dr #198, Hilton Head Island, SC 29928
An updated kitchen connects with the dining and living areas, while hurricane-impact windows and a slider add protective features.
Property Size1,215 SF
Price / SF$370.37
Days on Market2
Property Features for 113 Shipyard Dr #198
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Amenities
gated community
community pool
tennis
leisure trails
golf privileges
Building Details
Year Built
1980
Listing Agency:
The Homesfinder Realty Group
(877) 229-4107
Listed By:
Michael Broadhurst · License #4130
(843) 837-7773
Source:
Thebroadhurstgroup
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 6 at 2:43AM
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 The Homesfinder Realty Group
Investment Insights
Based on property information with market context.
This 1,215-square-foot residence at 113 Shipyard Dr #198 has one bedroom and 1.5 bathrooms. Built in 1980, it features a renovated kitchen, luxury vinyl plank flooring, and connected dining and living spaces. A patio looks out over the golf course and landscaped grounds; hurricane-impact windows and a living-room slider are also in place.
The home is within gated Shipyard on Hilton Head Island. Community amenities include a pool, tennis, leisure trails, and golf privileges. The property is located in Shipyard, Hilton Head Island, South Carolina.
The home is within gated Shipyard on Hilton Head Island. Community amenities include a pool, tennis, leisure trails, and golf privileges. The property is located in Shipyard, Hilton Head Island, South Carolina.
Key Highlights
- 1,215‑square‑foot residence with one bedroom and 1.5 bathrooms
- Kitchen updates and luxury vinyl plank flooring
- Patio overlooks the golf course and landscaped grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,951
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,020
$259.0K
Cap Rate 7%
$185,014
$185.0K
Cap Rate 9%
$143,900
$143.9K
Market Conditions
NOI Build-Up for 1,215 SF
Gross rent
$24.8K $20.40/SF
− Vacancy
−$1.2K −$1.02/SF
EGI
$23.5K $19.38/SF
− OpEx
−$10.6K −$8.72/SF
NOI
$13.0K $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%
$259,020
Cap Rate 7%
$185,014
Cap Rate 9%
$143,900
Alternative Uses
Best Use
Apartment 5plus
$185.0K
$161.9K – $215.9K
NOI $12,951 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 29928, SC
15,538
Population
19,204
Households
0.8
Avg Household Size
63
Median Age
63%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
751
Density / Sq Mi
$97,979
Median Household Income
$46,798
Median Earnings
$1,806
Median Rent
$776,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - An updated kitchen connects with the dining and living areas, while hurricane-impact windows and a slider add protective features.
Where is this residential income property located?
The property is located at 113 Shipyard Dr #198 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,215‑square‑foot residence with one bedroom and 1.5 bathrooms; Kitchen updates and luxury vinyl plank flooring; Patio overlooks the golf course and landscaped grounds
