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    2 New Orleans Rd Hilton Head Island, SC 29928-4715

    • Retail space
    • 5,000 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimation
    $955,000
    Last Sale
    Mar 21, 2023
    $1,000,000
    Location Intelligence
    Property ID
    US77-1080656
    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

    • Hunt Brothers Pizza / Pizza Takeout / Pizza Restaurant
    • Patels Liquor #2 / Class B / Liquor Store
    • Patels Party Shop / Luxury Cigars/ Vape Store / Party Store

    Property Details for 2 New Orleans Rd

    Year built
    1979
    Lot size
    0.60 lot acres
    Property size
    5,000 SF
    Zone code
    6615
    Property type
    Retail space
    APN
    R552 015 00C 0083 0000
    APU
    R55201500C00830000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $980,000
      6.5%
      $905,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,030,000
      Geo Method
      $920,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,090,000
      Retail
      $1,050,000
      Mixed-Use
      $930,000
      Hospitality
      $840,000
      Educational
      $915,000
      Residential Income
      $885,000
      Energy
      $820,000
      Income-Based Land
      $1,030,000
      Food Service
      $920,000

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7533
    Latitude
    32.1587
    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
    $9,659
    $0.00
    $0.00
    $33,780
    -
    $450,000
    $261,500
    $711,500

    Comparable in this City

    • Value Estimation by Request
      1,377 SF

      Hilton Head Island, SC 29928

      RETAIL STORES (PERSONAL SERVICES) • 1,377 SF
      Hilton Head Island, SC 29928
      View Details
    • Value Estimation by Request
      389 SF

      160 Lighthouse Rd

      RETAIL STORES (PERSONAL SERVICES) • 389 SF
      160 Lighthouse Rd, Hilton Head Island, SC 29928-4368
      View Details
    • Value Estimation
      $4,110,000
      660 SF

      32 Palmetto Bay Rd

      RETAIL STORES (PERSONAL SERVICES) • 660 SF
      32 Palmetto Bay Rd, Hilton Head Island, SC 29928-7300
      View Details
    • Value Estimation by Request
      786 SF

      1000 William Hilton Pkwy Ste E1

      RETAIL STORES (PERSONAL SERVICES) • 786 SF
      1000 William Hilton Pkwy Ste E1, Hilton Head Island, SC 29928-6129
      View Details
    • Value Estimation by Request
      64,408 SF

      70 Pope Ave

      RETAIL STORES (PERSONAL SERVICES) • 64,408 SF
      70 Pope Ave, Hilton Head Island, SC 29928-4723
      View Details
    • Value Estimation by Request
      1,645 SF

      Hilton Head Island, SC 29928

      RETAIL STORES (PERSONAL SERVICES) • 1,645 SF
      Hilton Head Island, SC 29928
      View Details

    Similar Nearby for Sale

    • $700,000

      Established Cleaning Business Opportunity

      Profitable Hilton Head Island cleaning business with loyal customer base.
      119 Arrow Rd, Hilton Head Island, SC 29928
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    • New
      $125,000

      Retail/Spa Space in Hilton Head

      Two adjacent units, currently a spa, in great location.
      55 New Orleans Rd, Hilton Head Island, SC 29928
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    • Contact for pricing
      1,115 SF

      Renovated Retail or Office Space

      Ground floor retail or office space available for lease.
      18 Executive Park Rd, Hilton Head Island, SC 29928
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    • New
      $125,000

      Retail/Spa Space Near Beach

      Two adjacent retail units, currently a spa, near beach.
      55 New Orleans Rd, Hilton Head Island, SC 29928
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    • $670,000
      Pending

      Hilton Head Flex Warehouse

      4746 SF flex warehouse with showroom and racking system.
      14 Palmetto Business Park Rd, Hilton Head Island, SC 29928
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    • $1,600,000

      Showroom and Class A Office

      Showroom and Class A office building with highway signage.
      34 New Orleans Rd, Hilton Head Island, SC 29928
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    Similar Nearby for Lease

    • $35 SF/Yr
      2,000 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      28 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Coligny Beach

      Retail space with high visibility and foot traffic.
      70 Pope Ave, Hilton Head Island, SC 29928
      View Details
    • $33 SF/Yr
      2,250 SF

      Retail Space Near Coligny Park

      Retail space for lease with high visibility and outdoor seating.
      81 Pope Ave, Hilton Head Island, SC 29928
      View Details
    • $40 SF/Yr
      2,275 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      24 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • $35 SF/Yr
      4,000 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      40 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • $35 SF/Yr
      2,296 SF

      Retail Space in Power Center

      Retail space available in Hilton Head Island power center.
      38 Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
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    2 New Orleans Rd
    Hilton Head Island, SC 29928-4715
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    Realmo Value Estimation

    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.

    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.

    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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