Leased Investment Property with Marsh
For Sale
Contact for pricing
Pending
2201 Boundary St, Beaufort, SC 29902
Subdivided office suites fully leased with marsh views.
Property Size1,196 SF
Days on Market221
Property Features for 2201 Boundary St
General Information
Standard status
Pending
Size
1,196 SF
Class
C
Total Parking Spaces
25
Property subtype
Office, Retail
Zoning
T5-DC (Downtown Core)
Occupancy
100%
Lease Type
Gross
Investment Type
Net Lease
Building Details
Year Built
1984
Year Renovated
2025
Buildings
1
Stories
3
Units
5
Tenancy
Multi
Listing Agency:
Principal Advisors
Listed By:
Gerald LaHay, CCIM · License #141553
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Principal Advisors
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Investment Insights
Based on property information with market context.
This 1,196+-sf investment property, Marsh Suites @ Carolina Cove, has been subdivided into 5 rental units. The property has been fully leased since 01/01/2025. Rear-facing units offer marsh views. The Net Operating Income (NOI) is $30,711, representing a 10.97% Cap Rate.
Key Highlights
- Fully leased investment property generating income since 01/01/2025.
- High Cap Rate of 10.97%.
- Net Operating Income (NOI) of $30,711.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,469
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,380
$329.4K
Cap Rate 7%
$235,271
$235.3K
Cap Rate 9%
$182,989
$183.0K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$25.8K $21.60/SF
− Vacancy
−$3.9K −$3.24/SF
EGI
$22.0K $18.36/SF
− OpEx
−$5.5K −$4.59/SF
NOI
$16.5K $13.77/SF
Area
Beaufort County, SC
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,380
Cap Rate 7%
$235,271
Cap Rate 9%
$182,989
Alternative Uses
Best Use
Office B
$235.3K
$205.9K – $274.5K
NOI $16,469 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$360.9K
$315.8K – $421.0K
NOI $25,260 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Subdivided office suites fully leased with marsh views.
Where is this office units located?
The property is located at 2201 Boundary St Beaufort, SC.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Fully leased investment property generating income since 01/01/2025.; High Cap Rate of 10.97%.; Net Operating Income (NOI) of $30,711.
