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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Chamber Of Commerce Dr Hilton Head Island, SC 29928-3573

    • Office buildings
    • 11,860 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1237965
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Hilton Head Island Chamber of Commerce / Business Service Center / Advocacy Group
    • The Hilton Head Island Visitor & Convention Bureau / Travel Agency / Tour Operator
    • Island Time HHI / Vacation Rental / Real Estate Agency
    • SCORE / Business Management Consultant / Business Administration Service

    Property Details for 1 Chamber Of Commerce Dr

    Year built
    1984
    Lot size
    1.67 lot acres
    Property size
    11,860 SF
    Zone code
    6615
    Property type
    Office buildings
    APN
    R520 012 00B 0011 0000
    APU
    R52001200B00110000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,264,000
      Market price range: $1.18M - $2.35M
      AI Estimate
      $2,264,000
      Market price range: $1.18M - $2.35M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,800,000
      Current use
      RETAIL STORES
      $1,915,000
      Change: +6% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,900,000
      Change: +5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,780,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,625,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.729
    Latitude
    32.1777
    CBSA code
    25940
    CBSA name
    HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,080
    $0.00
    $0.00
    $102,290
    -
    $1,252,500
    $1,408,600
    $2,661,100

    Comparable in this City

    • Value Estimation
      $810,000
      4,100 SF

      65 Arrow Rd

      OFFICE BUILDING • 4,100 SF
      65 Arrow Rd, Hilton Head Island, SC 29928-7324
      View Details
    • Value Estimation
      $1,365,000
      6,892 SF

      16 Queens Folly Rd

      OFFICE BUILDING • 6,892 SF
      16 Queens Folly Rd, Hilton Head Island, SC 29928-5110
      View Details
    • Value Estimation
      $775,000
      7,000 SF

      22 New Orleans Rd Ste, Unit 1

      OFFICE BUILDING • 7,000 SF
      22 New Orleans Rd Ste, Hilton Head Island, SC 29928-4789
      View Details
    • Value Estimation by Request
      3,444 SF

      106 Cordillo Pkwy

      OFFICE BUILDING • 3,444 SF
      106 Cordillo Pkwy, Hilton Head Island, SC 29928-7537
      View Details
    • Value Estimation
      $1,895,000
      9,563 SF

      2 Genesta St

      OFFICE BUILDING • 9,563 SF
      2 Genesta St, Hilton Head Island, SC 29928-3219
      View Details
    • Value Estimation
      $1,175,000
      5,916 SF

      5 Park Rd

      OFFICE BUILDING • 5,916 SF
      5 Park Rd, Hilton Head Island, SC 29928-6414
      View Details

    Similar Nearby for Sale

    • $1,050,000
      12,000 SF

      Office Building Near the Beach

      Office building with leasing upside near new developments.
      10 Executive Park Rd, Hilton Head Island, SC 29928
      View Details
    • Contact for pricing

      Hilton Head Office Building

      Recently renovated office building in the heart of Hilton Head.
      38 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • $965,000
      8,839 SF

      Renovated Office Building Near Amenities

      Professionally managed office building with flexible layout near retail and restaurants.
      19 Executive Park Rd, Hilton Head Island, SC 29928
      View Details
    • $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
    • Contact for pricing
      1,115 SF

      Renovated Retail or Office Space

      Ground floor retail or office space available for lease.
      18 Executive Park Rd, Hilton Head Island, SC 29928
      View Details
    • $579,000
      0.02 Acres

      Hilton Head Commercial Townhome

      Two-story commercial building with income and value-add potential.
      17 Executive Park Rd, Hilton Head Island, SC 29928
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      1,792 SF

      Functional Office Spaces For Rent

      Updated building with covered parking and a great location.
      2 Park Rd, Hilton Head Island, SC 29928
      View Details
    • $16 SF/Yr
      5,700 SF

      Hilton Head Island Executive Office Space

      Prime Office Suite, 2,860 sq ft Available
      6 Park Ln, Hilton Head Island, SC 29928
      View Details
    • $8 SF/Yr
      5,226 SF

      32 Office Park Rd

      Office space
      32 Office Park Rd, Hilton Head Island, SC 29928
      View Details
    • $25 SF/Yr
      9,660 SF

      Class A Office Space Available

      Class A office building with monument signage on Palmetto Bay Road.
      19 Bow Cir, Hilton Head Island, SC 29928
      View Details
    • $17 SF/Yr
      1,546 SF

      Hilton Head Island Office Space

      1,546 sq ft, Prime Location, Water Views
      23B 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
      View Details
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    1 Chamber Of Commerce Dr
    Hilton Head Island, SC 29928-3573
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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.

    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
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