Property profile

199 Parris Is Gtwy Beaufort, SC 29906

OFF-MARKET
Auto shops
Property ID
US77-1512279
8,954 SF 1.53 ac lot Built 2007
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A, 9,009-square-foot auto repair facility is available for sale at $1,850,000. Located at 199 Parris Island Gateway, Beaufort, SC 29906, this vacant, single-tenant property presents a turnkey opportunity for an owner-user or corporate tenant. Built in 2007, the building sits on a 1.53-acre lot and boasts a pro-forma cap rate of 8.77% and a pro-forma NOI of $162,162. The property benefits from its strategic location within the Hilton Head MSA, a thriving area with over 80,000 residents within a 10-mile radius and a robust tourism sector. Its proximity to major thoroughfares like Robert Smalls Parkway (20,800 VPD) and Parris Island Gateway (17,000 VPD) ensures high visibility and accessibility. Furthermore, the area is experiencing significant new development, including the $60 million Beaufort Station Shopping Center (featuring Aldi, PetSmart, Ross, and more) and the 4000 Margaret Apartments (300+ Class A units). The location's proximity to a high-performing Walmart Supercenter, which recorded 1.95 million customer visits in 2022-2023, further underscores its strong retail environment. The property is zoned T5 UC-RMX. This presents a rare opportunity to acquire a well-located, high-performing asset in a rapidly growing market.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2007
Total area 8,954 SF
Lot 1.53 ac (66,647 SF)
Zoning code 6611
APN R122 029 000 0407 0000
UPID US77-1512279

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

199 Parris Is Gtwy Beaufort, SC 29906-4247
Beaufort metro Census 502 HILTON HEAD ISLAND-BEAUFORT, SC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2024
Last sale
$1.7M
4 recorded transactions
2024
$1.7M
2021
Price N/A
2017
$2.3M
2006
$600,000

Zoning & alternative use

6611 · Beaufort, SC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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