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    Property profile & analytics

    18 Pope Ave Hilton Head Island, SC 29928

    • Retail properties
    • 2,060 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jones, Simpson & Newton PA / Insurance Attorney / Real Estate Attorney
    • Borden F Ward / Attorney Referral Service
    • Haskell Dean S / Legal Services / Lawyer

    Property Details for 18 Pope Ave

    Year built
    2023
    Lot size
    0.82 lot acres
    Property size
    2,060 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7602
    Latitude
    32.1516

    Comparable in this City

    • Value Estimation by Request
      4,794 SF

      2 Regency Pkwy

      RESTAURANT • 4,794 SF
      2 Regency Pkwy, Hilton Head Island, SC 29928-3394
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    • Value Estimation by Request
      6,943 SF

      1 Shelter Cv Lna-c

      RESTAURANT • 6,943 SF
      1 Shelter Cv Lna-c, Hilton Head Island, SC 29928-3587
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    • Value Estimation by Request
      5,000 SF

      Hilton Head Island, SC 29928

      RESTAURANT • 5,000 SF
      Hilton Head Island, SC 29928
      View Details
    • Value Estimation by Request
      2,001 SF

      1 Lagoon Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,001 SF
      1 Lagoon Rd, Hilton Head Island, SC 29928
      View Details
    • Value Estimation by Request
      4,860 SF

      49 New Orleans Rd

      BAR, TAVERN • 4,860 SF
      49 New Orleans Rd, Hilton Head Island, SC 29928-4737
      View Details
    • Value Estimation by Request
      6,032 SF

      1034 William Hilton Pkwy

      RESTAURANT • 6,032 SF
      1034 William Hilton Pkwy, Hilton Head Island, SC 29928-3372
      View Details

    Similar Nearby for Sale

    • $250,000
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      Hilton Head Island Restaurant Opportunity

      Restaurant for sale with solid lease in place.
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    • New
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      Hilton Head Showroom/Office Building

      Showroom and Class A office building with highway signage.
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      Established Cleaning Business Opportunity

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    • $125,000

      Retail/Spa Space in Hilton Head

      Two adjacent units, currently a spa, in great location.
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    • $125,000

      Retail/Spa Space Near Beach

      Two adjacent retail units, currently a spa, near beach.
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    • Contact for pricing
      Pending

      Hilton Head Class A Office

      Upgraded office space, currently a bank with drive-thru.
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    Similar Nearby for Lease

    • Contact for pricing
      4,400 SF

      Restaurant Building with Drive-Thru

      4,400 SF restaurant with drive-thru on Hilton Head Island.
      1012 William Hilton Pkwy, Hilton Head Island, SC 29928
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    • $35 SF/Yr
      2,296 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      38 Shelter Cove Ln, Hilton Head Island, SC 29928
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    • $35 SF/Yr
      4,000 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      40 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • Contact for pricing
      11,978 SF

      Retail Space in Shelter Cove

      Retail space available within Shelter Cove Shopping and Entertainment area.
      50 Shelter Cove Ln, Hilton Head Island, SC 29928
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    • Contact for pricing
      1,600 SF

      Retail Space in Hilton Head

      Grocery-anchored neighborhood center with high visibility and strong tenant mix.
      890 William Hilton Pkwy, Hilton Head Island, SC 29928
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    • Contact for pricing
      2,400 SF

      Retail Space Near Coligny Beach

      Retail space with high visibility and foot traffic.
      70 Pope Ave, Hilton Head Island, SC 29928
      View Details
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    18 Pope Ave
    Hilton Head Island, SC 29928
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    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.

    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
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