1294 Ribaut Rd Beaufort, SC 29902-6143
Property profile & analytics
1294 Ribaut Rd, Beaufort, SC 29902-6143
- Retail space
- 11,440 SF
- 1.76 lot acres
Property ID
US77-1100502
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- Angela Baker / Pharmacy
- Coinhub Bitcoin ATM Teller / Atm
Property Details for 1294 Ribaut Rd
- Year built
- 1997
- Lot size
- 1.76 lot acres
- Zone code
- 6611
- Property type
- Retail space
- APN
- R120 007 000 0677 0000
- APU
- R12000700006770000
Description
This exceptional investment opportunity presents a single-tenant, net-leased Walgreens pharmacy located at 1294 Ribaut Rd, Beaufort, SC 29902. The 11,371 square foot building, constructed in 1997, sits on a 1.76-acre lot and boasts a drive-thru pharmacy, significantly enhancing convenience and customer traffic. The property enjoys a prime location along Ribaut Road, a major thoroughfare with a daily traffic volume of 23,500 vehicles. This high-visibility location is complemented by strong neighboring tenants including Piggly Wiggly, ACE Hardware, Hardee's, Fresenius, and Burger King, further solidifying the area's commercial vibrancy. The property benefits from a dense population base, with 46,133 residents within a five-mile radius, exhibiting an average annual household income of $96,716. Limited competition, with the nearest CVS over three miles away, ensures a strong market position. The current lease, originally commenced on May 1, 1997, and assumed by Walgreens in 2018, has a remaining term of 2.5 years, followed by five 5-year renewal options, each with a 5% rent increase. The property offers a compelling 8.00% cap rate and a strong NOI of $108,999, making it an attractive investment with significant long-term potential. The Walgreens tenant is credit-rated, providing further security and stability. This is a rare opportunity to acquire a well-positioned, high-performing retail property in a thriving market within the Savannah MSA. The asking price is $1,362,499, translating to $119.82 per square foot. The property's proximity to the Naval Hospital further enhances its appeal and potential for sustained growth.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,130,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,139,000
- AI Estimate
- $2,139,000
Market price range: $1.13M - $2.83MMarket price range: $1.13M - $2.83M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,920,000 Current use
- OFFICE BUILDING
- $2,845,000 Change: +48% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,975,000 Change: +3% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,660,000 Change: -13% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,565,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Beaufort
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.6858
- Latitude
- 32.401
- 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
$28,377
$0.00
$0.00
$93,420
-
$616,000
$941,000
$1,557,000
