Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    89 Ocean Ln, Unit 8129 Hilton Head Island, SC 29928

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,050,000

    Two-bedroom villa in Palmetto Dunes, short walk to beach.

    Property size:
    1,562 SF

    Property Features for 89 Ocean Ln

    General Information

    Size
    1,562 SF

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Paul De La Torre
    Source: Kw

    Listing Agent: Paul De La Torre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Furnished Villa Near Beach

    This furnished villa is located in the Wendover Dunes Villas in the Leamington section of Palmetto Dunes. The property contains two bedrooms and two and a half bathrooms. It features a well-appointed kitchen, large bedrooms, and a spacious great room. A large screened-in patio offers a wooded view. The building includes an underground parking area with extra storage for bikes and beach gear. A community pool is located steps from the villa. The property, with a size of 1562 square feet, presents a potential investment opportunity, primary residence, or second home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Clothing Store Nail Salon Gym & Fitness Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7304191
    Latitude
    32.1560836

    Nearby Similar for Sale

    • $1,500,000

      Hilton Head Showroom/Office Building

      Showroom and Class A office building with highway signage.
      34 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • New
      $133,800

      Hilton Head Island RV Resort

      Landscaped RV resort lot with upscale amenities on Hilton Head.
      43 Jenkins Island Rd, Hilton Head Island, SC 29926
      View Details
    • $1,450,000
      4,258 SF

      Leased Commercial Property Investment

      Leased commercial property with high visibility and income potential.
      1544 Fording Island Road Ext, Hilton Head Island, SC 29926
      View Details
    • New
      $100,000
      15,800 SF

      Hilton Head Island Restaurant Opportunity

      Mid-Island restaurant for sale with new equipment and outdoor dining.
      811 William Hilton Pkwy, Hilton Head Island, SC 29928
      View Details
    • New
      $449,000
      0.01 Acres

      Waterfront Executive Office Suite

      Remodeled office suite with waterfront views in Shelter Cove.
      19 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • New
      $449,000

      Waterfront Executive Office Suite

      Remodeled office suite with waterfront views in Shelter Cove.
      19 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • $249,900

      Hilton Head RV Lot

      Luxury RV lot with upgrades near Coligny Beach.
      133 Arrow Rd, Hilton Head Island, SC 29928
      View Details
    • $125,000

      Retail/Spa Space Near Beach

      Two adjacent retail units, currently a spa, near beach.
      55 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • $209,900

      RV Lot on Hilton Head

      Luxury RV resort lot near Coligny Beach, restaurants, and shopping.
      133 Arrow Rd, Hilton Head Island, SC 29928
      View Details
    • $159,000

      Hilton Head Island Lot

      Land with mature landscaping in amenity-rich motorcoach resort.
      133 Arrow Rd, Hilton Head Island, SC 29928
      View Details
    • $125,000

      Retail/Spa Space in Hilton Head

      Two adjacent units, currently a spa, in great location.
      55 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • $268,900

      Luxury RV Lot on Hilton Head

      Upscale RV lot with kitchen, shed, and resort amenities.
      133 Arrow Rd, Hilton Head Island, SC 29928
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Two-bedroom villa in Palmetto Dunes, short walk to beach.
    Where is this short term rental property located?
    The property is located at 89 Ocean Ln, Unit 8129 Hilton Head Island, SC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Short walk to the beach.; - Fully furnished 2-bedroom, 2.5-bathroom villa.; - Located in Palmetto Dunes (Leamington section).
    Request Owner's contact information
    89 Ocean Ln, Unit 8129 Hilton Head Island, SC 29928
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    89 Ocean Ln, Unit 8129
    Hilton Head Island, SC 29928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89 Ocean Ln, Unit 8129 Hilton Head Island, SC 29928
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paul De La Torre
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.