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    16 Finch St Hilton Head Island, SC 29926-3642
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    Property profile & analytics

    16 Finch St, Hilton Head Island, SC 29926-3642

    View on Map
    • Showrooms
    • 8,100 SF
    • 1.12 lot acres
    Off-Market
    Last Sale Dec 7, 2021
    $950,000
    Property ID
    US77-1256427
    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.
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • VAN Rental Hilton Head Island - CARNGO / Car Rental Facility
    • RX industries / Industrial Manufacturer
    • Clearwater Pool Services / General Contractor

    Property Details for 16 Finch St

    Year built
    1996
    Lot size
    1.12 lot acres
    Zone code
    6615
    Property type
    Showrooms
    APN
    R510 004 000 0342 0000
    APU
    R51000400003420000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2021 $950,000 Finch Street Investors LLC Anthony J Korzen Warranty Deed $700k · The Anthony S And Barbara A Korzen
    Jun 28, 2017 $6,800 Beaufort County Korzen Anthony J & B A Trust Grant Deed —
    Jun 28, 2017 — Korzen,anthonye J & B A Trust Anthony J & Barbara A Trust Quit Claim Deed · related —
    Dec 1, 2016 — Anthony,j & Barbara A Trust Korzen,anthony J & Barbara A Quit Claim Deed · related —
    Nov 7, 2012 $380,000 Anthony J Korzen Wells Fargo Bank National Associati Limited Warranty Deed $600k · Scbt
    Apr 8, 2011 $1,275,000 Fargo Bk NA Wells Finch Street Real Estate LLC Deed In Lieu Of Foreclosure · related —
    Nov 3, 2008 — Finch Street Real Estate LLC Robert O Jones JR Deed $1.3M · Wachovia Sba Lending INC
    Oct 17, 2008 — Robert O Jones JR. — Trustees Deed · related $579k · Coastal States Bank
    Mar 26, 2008 — Robert O Jones JR. — Trustees Deed · related $580k · Coastal States Bank
    Mar 19, 2007 — Robert O Jones JR. — Trustees Deed · related $600k · Coastal States Bank
    Apr 26, 2005 — Robert O Jones JR. — Trustees Deed · related $150k · Coastal States Bank
    — — Robert O Jones JR. — Deed Of Trust · related $592k · Carolina First Bank
    — — Robert O Jones JR. — Deed Of Trust · related $670k · Coastal States Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,081,000
      Market price range: $908k - $1.67M
      AI Estimate
      $1,081,000
      Market price range: $908k - $1.67M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,215,000
      Current use
      OFFICE BUILDING
      $1,440,000
      Change: +18% Conversion: Easy
      RETAIL STORES
      $1,305,000
      Change: +8% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,295,000
      Change: +7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,110,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.6961
    Latitude
    32.2295
    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
    $16,159
    $0.00
    $0.00
    $57,000
    -
    $280,000
    $670,000
    $950,000

    Comparable in this City

    • Value Estimation by Request
      0.37 Acres

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    • Value Estimation
      $1,100,000
      6,160 SF

      20 Cardinal Rd

      SHOW ROOM, WAREHOUSE
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    • Value Estimation by Request
      0.50 Acres

      30 Ferguson Ln

      SHOW ROOM, WAREHOUSE
      30 Ferguson Ln, Hilton Head Island, SC 29926-3748
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    • Value Estimation
      $840,000
      7,500 SF

      118 Mathews Dr

      SHOW ROOM, WAREHOUSE
      118 Mathews Dr, Hilton Head Island, SC 29926-3640
      View Details
    • Value Estimation
      $2,820,000
      13,680 SF

      397 Squire Pope Rd

      SHOW ROOM, WAREHOUSE
      397 Squire Pope Rd, Hilton Head Island, SC 29926-4834
      View Details
    • Value Estimation
      $1,340,000
      7,600 SF

      21 Cardinal Rd

      SHOW ROOM, WAREHOUSE
      21 Cardinal Rd, Hilton Head Island, SC 29926-5721
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Showroom/Warehouse on Hilton Head

      Showroom/warehouse for sale in light industrial area.
      5 Hunter Rd, Hilton Head Island, SC 29926
      View Details
    • $2,200,000
      19,500 SF

      Hilton Head Commercial Building

      19,500 SF commercial building with warehouse space for sale.
      20 Capital Dr, Hilton Head Island, SC 29926
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    • $1,450,000
      Pending

      Commercial Units For Sale

      Three commercial units available with tenants in place.
      10 Oak Park Dr, Hilton Head Island, SC 29926
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    • Contact for pricing
      2,912 SF

      Professional Office Condominium on Main

      Multi-suite office condo with income potential in prime location.
      70 Main St, Hilton Head Island, SC 29926
      View Details
    • $115,000
      0.16 Acres

      Hilton Head Island Corner Lot

      Vacant land with tidal marsh and lagoon views.
      49 Royal Pointe Dr, Hilton Head Island, SC 29926
      View Details
    • $499,000
      Pending

      Marsh Front Lot For Sale

      1.01 acre marsh front lot in Spanish Wells area.
      15 Sassafras Ln, Hilton Head Island, SC 29926
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,218 SF

      Mid-Island Retail/Flex Space Available

      Retail or flex space with good visibility and natural light.
      29 Mathews Dr, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Mixed Commercial Space Available

      1,500 sq. ft. space ideal for retail, office, or storage.
      46 Old Wild Horse Rd, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Retail Space in Northridge Plaza

      Retail space for lease in Hilton Head Island, South Carolina.
      435 William Hilton Pkwy, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Former IHOP on William Hilton

      Freestanding 5,172 SF building in high-traffic retail corridor.
      439 William Hilton Pkwy, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing
      1,671 SF

      Restaurant Space on Main Street

      Turn-key restaurant space available for rent on Main Street.
      1501 Main St, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Hilton Head Retail Center Space

      Redeveloped community center with excellent visibility and access.
      Matthews Dr, Hilton Head Island, SC 29926
      View Details
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    Hilton Head Island, SC 29926-3642
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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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