Building Details

Year built 1980

Floors in Building 1

Building materials Brick

Listing Agency: Flamelilly Real Estate Group Show Phone

Listed By: Teena Manzira · License #374527 Show Phone

Added: Oct 14 Changed: Oct 15 Last Checked: Oct 16 at 6:06AM

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MLS# SA366506

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Investment Insights

Based on property information with market context.

This mixed-use property combines restaurant and retail space in a brick building constructed in 1980. The building has central electric heating and air conditioning, an electric water heater, and public water and sewer service. The site encompasses 0.92 acres.

The property fronts Hwy 21, a corridor with reported traffic of 40,000 vehicles per day. Nearby businesses include hotels, quick-service restaurants, gas stations, and major retailers. More than 50,000 residents live in the surrounding residential area.

Key Highlights

• Restaurant and retail configuration
• 0.92‑acre site
• Hwy 21 location with 40,000 VPD

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$89,432

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,788,640 $1.8M

Cap Rate 7%

$1,277,600 $1.3M

Cap Rate 9%

$993,689 $993.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,154 SF

Gross rent

$123.7K $24.00/SF

− Vacancy

−$4.5K −$0.86/SF

EGI

$119.2K $23.14/SF

− OpEx

−$29.8K −$5.78/SF

NOI

$89.4K $17.35/SF

Area

Beaufort County, SC

Vacancy

3.60%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,788,640

Cap Rate 7%

$1,277,600

Cap Rate 9%

$993,689

Alternative Uses

Best Use

Specialty Retail

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,432 @ 7.0% cap · market cap 6.39%

Second Best

Retail

$1.16M

$1.02M – $1.36M (±1% cap)

NOI $81,392 @ 7.0% cap · market cap 5.81%

Theoretical Best

Office A

$1.56M

$1.36M – $1.81M (±1% cap)

NOI $108,852 @ 7.0% cap · market cap 7.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Boudreaux's On The Roll Specialty Food Shop Sea Eagle Market Specialty Food Shop

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Grocery & Convenience Store Storage Facility Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

40,000 VPD

Traffic count

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

529

Businesses Nearby

96k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 52% Groceries 18% Shops & Services 15% Hotels & Casinos 13%

Starbucks Dining

22,188 visits/mo 0.4 miles

Food Lion Grocery Store Groceries

16,791 visits/mo 0.3 miles

Outback Steakhouse Dining

11,625 visits/mo 0.2 miles

Waffle House Dining

5,777 visits/mo 0.5 miles

Bank of America Shops & Services

5,632 visits/mo 0.2 miles

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

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Brick construction and central heating and cooling support the restaurant and retail configuration.

Where is this mixed-use property located?

The property is located at 2149 Boundary Street Beaufort, SC.

What is the asking price?

The asking price for this property is $1,400,000.

What are key features of this property?

This property features: Restaurant and retail configuration; 0.92‑acre site; Hwy 21 location with 40,000 VPD