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Property profile & analytics
OFF-MARKET
Estimated value
$10,750,000
High-rise multifamily apartments
1642 Ribaut Rd Port Royal, SC 29935
Entity Owned
3-yr Hold
Property ID
US77-2971539
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2005
Total area
37,624 SF
Lot
2.42 ac (105,415 SF)
Zoning code
6611
APN
R110 009 000 0111 0000
UPID
US77-2971539
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
$12.09M
Blend (final)
Blend
$10.75M
Owner & transaction history
Laurel Hill Essential Housing LLC · 3 yrs held
Laurel Hill Essential Housing LLC
since 2023
Last sale
$10.2M
7 recorded transactions
Zoning & alternative use
6611 · Port Royal, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+124.5%
Auto repair, garage
$12.9M
+113.3%
Office building
$9.0M
+49.7%
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
$9,275,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$13,525,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,850,000
Change: +113% · Conversion: Difficult
OFFICE BUILDING
$9,020,000
Change: +50% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,335,000
Change: +22% · Conversion: Moderate
Blend value · Realmo final
$10.75M
Range $9.68M – $11.83M · ±10% · vs last sale $10.15M (Apr 17 2023)
Last sale anchor
$10.15M
Apr 17 2023
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
$286 / 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
$178,270
Tax year 2023
Assessed value
$609,160
Assessed 2023
Previous assessed
$270,000
+125.6% YoY
Effective rate
29.26%
On assessed value
Land market value
$1,028,500
Improvement market value
$9,124,100
Total market value
$10,152,600
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
2
Total area
37,624 SF
Lot
2.42 ac (105,415 SF)
Zoning code
6611
APN
R110 009 000 0111 0000
UPID
US77-2971539
Jurisdiction
BEAUFORT
Zoning & alternative use
6611 · Port Royal, SCZoning 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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$13.5M
AUTO REPAIR, GARAGE
Est. value
$12.9M
OFFICE BUILDING
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$7.3M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2005
Heating
NONE
Buildings
2
Lot
2.42 ac
Current owner
From public records · entity-resolved
Laurel Hill Essential Housing LLC
Entity
Mailing address
6601 VENTNOR AVE STE #23, VENTNOR CITY, NJ 08406-2172
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$10,152,642
Laurel Hill Essential Housing LLC
Laurel Hill Harmony Housing LLC
Limited Warranty Deed
$478,660,235 · Key Bank NA
—
—
Laurel Hill Apartments
—
Deed Of Trust
related
$100,000 · Southeast Tx Hsng Fin
—
—
Laurel Hill Apartments
—
Deed Of Trust
related
$3,600,000 · National Bk/sc
—
—
Laurel Hill Apartments
—
Deed Of Trust
related
$2,249,668 · First Fed'l S&l/charleston
—
—
Laurel Hill Apartments
—
Loan Modification
related
$300,000 · Humanities Housing INC
—
—
Laurel Hill Harmony Hsng LLC
—
Deed Of Trust
related
$14,029,000 · Keybank USA
—
—
Laurel Hill Apartments
—
Deed Of Trust
related
$3,600,000 · Private Individual
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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