Leased Investment Property with Marsh
2201 Boundary Street Unit 105 Beaufort, SC 29902
2201 Boundary Street Unit 105, Beaufort, SC, 29902
$280,000
For Sale
$280,000
Fully leased investment property with subdivided units and marsh views.
Property Size1,196 SF
Price / SF$234.11
Days on Market178
Property Features for 2201 Boundary Street Unit 105
General Information
- Standard status
- Active
- Size
- 1,196 SF
- Property subtype
- Office
Building Details
- Year Built
- 1984
Listing Agency
Principal Advisors
(843) 271-7511
Listed by
Gerald La Hay · License #141553
(843) 271-7511
Source
Xome
Added: Jan 20 Checked: Jul 10 at 3:57 pm
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
Investment Insights
Based on property information with market context.
This investment property, located in Beaufort, SC, features 1,196 square feet of space subdivided into 5 rental units. The property has been fully leased since January 1, 2025. Rear-facing units offer marsh views. The property generates a Net Operating Income (NOI) of $30,711, with a cap rate of 10.97%.
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $21.60 |
| − Vacancy | −$3.9k | −$3.24 |
| EGI | $22.0k | $18.36 |
| − OpEx | −$5.5k | −$4.59 |
| NOI | $16.5k | $13.77 |
1,196 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Coastal Pride Co ...
Take-out & Catering
Excape Beauty Salon ...
Hair Salon
Island Trendz
Hair Salon
Amedisys Palliative Care
Nursing Home
Smooth Beauty Bar
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Fully leased investment property with subdivided units and marsh views.
Where is this office units located?
The property is located at 2201 Boundary Street Unit 105 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.
