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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
1119 Paris Ave Port Royal, SC 29935
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-3102287
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
1,650 SF
Lot
0.06 ac (2,614 SF)
Zoning code
6611
APN
R110 010 000 0160 0000
UPID
US77-3102287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$543k
Blend (final)
Blend
$545k
Owner & transaction history
1115 Paris Avenue LLC · 3 yrs held
1115 Paris Avenue LLC
since 2022
6 recorded transactions
Zoning & alternative use
6611 · Port Royal, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$565,000
+42.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Royal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Royal submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$395,000
Current use
AUTO REPAIR, GARAGE
$565,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$330 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,550
Tax year 2023
Assessed value
$29,100
Assessed 2023
Previous assessed
$20,190
+44.1% YoY
Effective rate
29.38%
On assessed value
Land market value
$81,900
Improvement market value
$403,100
Total market value
$485,000
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Heating
NONE
Total area
1,650 SF
Lot
0.06 ac (2,614 SF)
Zoning code
6611
APN
R110 010 000 0160 0000
UPID
US77-3102287
Jurisdiction
BEAUFORT
Zoning & alternative use
6611 · Port Royal, SC
Zoning 6611 · permitted uses
6611 · Port Royal, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Royal. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$565,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
1115 Paris Avenue LLC
Entity
Mailing address
222 FRST TRL, ISLE OF PALMS, SC 29451-2513
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2022
—
1115 Paris Avenue LLC
Rice Properties Of Charleston LLC
Warranty Deed
$320,000 · First Palmetto Bank
May 17, 2022
$630,000
Wendell Varnes
Michael J Rossi
Warranty Deed
$180,000 · Second Wave LLC
May 17, 2022
$485,000
Rice Properties Of Charleston LLC
Wendell Varnes
Warranty Deed
$363,750 · Coastal Credit Service LLC
May 30, 2014
—
Michael J Rossi
Bachety,james
Quit Claim Deed
related
—
Sep 13, 2011
$195,000
James Bachety
Federal Natl Mtg Assn Fnma
Grant Deed
—
Aug 17, 2011
$272,139
Federal Natl Mtg Assn Fnma
Master In Equity Of Beaufort Cnty
Trustees Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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