Building Details

Year Built 2004

Listing Agency: Engel & Volkers Show Phone

Listed By: Michael Broadhurst · License #4130 Show Phone

Source: Thebroadhurstgroup

Added: Jul 18 Changed: Oct 15 Last Checked: Oct 14 at 11:35PM

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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 Engel & Volkers

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Investment Insights

Based on property information with market context.

This 2004 end-unit multifamily residence combines practical updates with an interior designed for comfortable daily use. The first level features tile flooring and abundant natural light, while the remodeled kitchen includes white cabinetry, a tile backsplash, black appliances, and a pantry. Both bedrooms have private ensuite bathrooms, including an owner's suite with generous closet space and a tub/shower combination.

Outdoor areas include a covered front porch with landscaped surroundings and a rear patio overlooking a lagoon. Recent improvements include a roof installed in 2024, HVAC replaced in 2022, a Marathon water heater added in 2022, and updated lighting and plumbing fixtures. Community amenities include a pool, clubhouse, playgrounds, and sidewalks. The property is located in Bluffton, South Carolina.

Key Highlights

• End‑unit location with abundant natural light
• Remodeled kitchen with white cabinetry, tile backsplash, black appliances, and pantry
• Two bedrooms, each with a private ensuite bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,582

Cap Rate

5.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$291,640 $291.6K

Cap Rate 7%

$208,314 $208.3K

Cap Rate 9%

$162,022 $162.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,368 SF

Gross rent

$27.9K $20.40/SF

− Vacancy

−$1.4K −$1.02/SF

EGI

$26.5K $19.38/SF

− OpEx

−$11.9K −$8.72/SF

NOI

$14.6K $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%

$291,640

Cap Rate 7%

$208,314

Cap Rate 9%

$162,022

Alternative Uses

Best Use

Apartment 5plus

$208.3K

$182.3K – $243.0K (±1% cap)

NOI $14,582 @ 7.0% cap · market cap 5.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$412.7K

$361.2K – $481.5K (±1% cap)

NOI $28,892 @ 7.0% cap · market cap 10.32%

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

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Restaurant

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

Location Intelligence

Trade Area within ½ mile

75

Businesses Nearby

Explore this area Business Placement

Demographics for 29910, SC

49,140

Population

21,169

Households

2.3

Avg Household Size

41

Median Age

46%

College-Educated

95%

High-School Grad

104.4 sq mi

ZIP Area

471

Density / Sq Mi

$96,122

Median Household Income

$41,829

Median Earnings

$1,848

Median Rent

$420,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Updated residence with ensuite bedrooms, lagoon-facing outdoor space, and access to community amenities.

Where is this multifamily property located?

The property is located at 468 Gardners Ln Bluffton, SC.

What is the asking price?

The asking price for this property is $279,900.

What are key features of this property?

This property features: End‑unit location with abundant natural light; Remodeled kitchen with white cabinetry, tile backsplash, black appliances, and pantry; Two bedrooms, each with a private ensuite bath