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    Property profile & analytics

    1701 King St Beaufort, SC 29902-4855

    • Showrooms
    • 6,935 SF
    OFF-MARKET
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1353619
    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

    • Ocean Light Corporation / Electrical Service / General Contractor

    Property Details for 1701 King St

    Year built
    1954
    Property size
    6,935 SF
    Zone code
    6611
    Property type
    Showrooms
    APN
    R120 003 000 0219 0000
    APU
    R12000300002190000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $760,000
      Market price range: $761k - $1.85M
      AI Estimate
      $760,000
      Market price range: $761k - $1.85M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,200,000
      Current use
      RETAIL STORES
      $1,160,000
      Change: -3% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,005,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.6809
    Latitude
    32.4347
    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
    $4,539
    $0.00
    $0.00
    $14,740
    -
    $244,400
    $76,000
    $320,400

    Comparable in this City

    • Value Estimation
      $1,110,000
      10,099 SF

      1910 Baggett St

      SHOW ROOM, WAREHOUSE • 10,099 SF
      1910 Baggett St, Beaufort, SC 29902-4412
      View Details
    • Value Estimation
      $1,625,000
      14,820 SF

      1800 Boundary St

      SHOW ROOM, WAREHOUSE • 14,820 SF
      1800 Boundary St, Beaufort, SC 29902-3952
      View Details
    • Value Estimation
      $1,195,000
      6,000 SF

      2001 Be Wheatley Dr

      SHOW ROOM, WAREHOUSE • 6,000 SF
      2001 Be Wheatley Dr, Beaufort, SC 29902-4200
      View Details
    • Value Estimation by Request
      2,256 SF

      924 Belleview E Cir

      SHOW ROOM, WAREHOUSE • 2,256 SF
      924 Belleview E Cir, Beaufort, SC 29902-6917
      View Details
    • Value Estimation by Request
      3,000 SF

      1285 Ribaut Rd

      SHOW ROOM, WAREHOUSE • 3,000 SF
      1285 Ribaut Rd, Beaufort, SC 29902-6147
      View Details
    • Value Estimation by Request
      1,440 SF

      805 Bay St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      805 Bay St, Beaufort, SC 29902-5565
      View Details

    Similar Nearby for Sale

    • $7,500,000

      Downtown Beaufort Redevelopment Opportunity

      Two adjoining properties with redevelopment potential in historic downtown Beaufort.
      211 Bay St, Beaufort, SC 29902
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    • $6,500,000
      5,000 SF

      Waterfront Mixed-Use Property in Beaufort

      Mixed-use property with panoramic waterfront views in downtown Beaufort, SC.
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    • Contact for pricing
      0.01 Acres

      Downtown Beaufort Office Space

      Prime 100 sq ft office, all utilities included.
      711 Bladen Street Ln, Beaufort, SC 29902
      View Details
    • Contact for pricing
      0.01 Acres

      Beaufort Office Space: 125 SF

      Small Beaufort office, all utilities included.
      2201 Boundary St, Beaufort, SC 29902
      View Details
    • $525,000
      0.39 Acres

      Prime Commercial Land in Beaufort

      Development opportunity in historic downtown Beaufort with high visibility.
      1010 Boundary St, Beaufort, SC 29902
      View Details
    • $499,900

      Commercial Property in High-Traffic Area

      Prime commercial property with turnkey restaurant potential in Beaufort, SC.
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    Similar Nearby for Lease

    • $30 SF/Yr

      Ribaut Road Commercial Space

      Commercial space available for rent in Beaufort, South Carolina.
      960 Ribaut Rd, Beaufort, SC 29902
      View Details
    • $3,700 /Mo

      Downtown Beaufort Commercial Space Available

      Versatile commercial space in the heart of Downtown Beaufort.
      700 Bay St, Beaufort, SC 29902
      View Details
    • $5,000 /Mo

      Renovated Commercial Space in Beaufort

      3,200 SF renovated space ideal for retail or office.
      1810 Boundary St, Beaufort, SC 29902
      View Details
    • New
      $1,400 /Mo
      18,295 SF

      Commercial Space in Beaufort Plaza

      Retail space available for lease in Beaufort, South Carolina.
      1180 Ribaut Rd, Beaufort, SC 29902
      View Details
    • $19 SF/Yr
      5,000 SF

      Prime Boundary Street Office Space

      Versatile Office Suites, High Visibility
      1810 Boundary St, Beaufort, SC 29902
      View Details
    • $750 /Mo

      Downtown Beaufort Office Space

      Inviting office space in the heart of Downtown Beaufort.
      1011 Bay St, Beaufort, SC 29902
      View Details
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    1701 King St
    Beaufort, SC 29902-4855
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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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