Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2048 Pearl St Beaufort, SC 29902-3836

    • Investment properties
    • 4,100 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Mar 15, 2022
    $660,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    8.3%
    Investment properties
    Location Intelligence
    Property ID
    US77-0857521
    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

    • Impeccable Lending Inc / Loan Service / Bank

    Property Details for 2048 Pearl St

    Year built
    2014
    Lot size
    0.37 lot acres
    Property size
    4,100 SF
    Zone code
    6101
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    R120 001 000 0263 0000
    APU
    R12000100002630000

    Description

    This exceptional 2,000 square foot office space at 2048 Pearl Street in Beaufort, South Carolina, presents a unique opportunity for businesses seeking a prestigious location. Previously occupied by StateFarm Insurance, this single-tenant property offers a blend of modern convenience and historic charm. Situated in the heart of Beaufort, it boasts ample off-street parking, ensuring easy access for employees and clients. The spacious interior is adaptable to various business needs, accommodating both open-plan workspaces and private offices, providing flexibility for diverse operational requirements. The property is categorized as a Traditional Office, Executive Office, and Coworking space, making it suitable for a wide range of professional uses. Located in Beaufort County, South Carolina, with a zip code of 29902, this property offers a convenient and accessible location within the vibrant Beaufort community. The minimum lease term is two years. This is an ideal opportunity to establish or expand your business in a highly desirable and well-situated office space. Don't miss this chance to secure a prominent presence in Beaufort's thriving business district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $860,000
      6.5%
      $790,000
      7%
      $735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $729,000
      Market price range: $450k - $1.09M
      AI Estimate
      $729,000
      Market price range: $450k - $1.09M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $710,000
      Current use
      OFFICE BUILDING
      $1,020,000
      Change: +44% Conversion: Easy
      RETAIL STORES
      $685,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.6898
    Latitude
    32.4417
    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
    $11,786
    $0.00
    $0.00
    $39,600
    -
    $80,000
    $580,000
    $660,000

    Comparable in this City

    • Value Estimation
      $630,000
      2,959 SF

      1108 Charles St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,959 SF
      1108 Charles St, Beaufort, SC 29902-4500
      View Details
    • Value Estimation
      $1,395,000
      9,306 SF

      710 Boundary St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,306 SF
      710 Boundary St, Beaufort, SC 29902-4187
      View Details
    • Value Estimation
      $595,000
      2,564 SF

      409 Carteret St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,564 SF
      409 Carteret St, Beaufort, SC 29902-5513
      View Details
    • Value Estimation
      $700,000
      6,371 SF

      106 Ww Stex

      OFFICE/RESIDENTIAL (MIXED USE) • 6,371 SF
      106 Ww Stex, Beaufort, SC 29902-5515
      View Details
    • Value Estimation by Request
      3,400 SF

      000 Owner Profits

      Restaurants • 3,400 SF
      000 Owner Profits, Beaufort, SC 29902
      View Details
    • Value Estimation by Request
      2,362 SF

      2201 Boundary St

      Office space • 2,362 SF
      2201 Boundary St, Beaufort, SC 29902
      View Details

    Similar Nearby for Sale

    • New
      $525,000
      0.35 Acres

      Beaufort Land for Sale

      Two lots zoned for residential/commercial use in Beaufort, SC.
      1207 Rodgers St, Beaufort, SC 29902
      View Details
    • $665,000
      1.10 Acres

      Beaufort Commercial/Mixed-Use Development Land

      1.1 acre commercial/mixed-use land in Beaufort, SC for sale.
      5 Tekoa Ln, Beaufort, SC 29902
      View Details
    • New
      $6,500,000
      5,000 SF

      Waterfront Mixed-Use Property in Beaufort

      Mixed-use property with panoramic waterfront views in downtown Beaufort, SC.
      916 Bay St, Beaufort, SC 29902
      View Details
    • New
      $6,500,000
      5,000 SF

      Waterfront Mixed-Use Landmark Property

      Unique mixed-use property with panoramic waterfront views in downtown Beaufort.
      916 Bay St, Beaufort, SC 29902
      View Details
    • 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
    • $125,000
      0.29 Acres

      Residential Land in Gated Community

      Homesite with water view near downtown Beaufort and Port Royal.
      300 De Ln Gaye Pt, Beaufort, SC 29902
      View Details

    Similar Nearby for Lease

    • $700 /Mo

      Downtown Beaufort Office Space Available

      112 SF office space in downtown Beaufort with shared amenities.
      1011 Bay 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
    • $22 SF/Yr
      3,729 SF

      Downtown Beaufort Office Space

      Prime Beaufort Office: 3,729 SF Available
      1121 Boundary St, Beaufort, SC 29902
      View Details
    • $5,600 /Mo

      Renovated Commercial Space in Beaufort

      Fully renovated commercial space suitable for retail, office, or service.
      1810 Boundary St, Beaufort, SC 29902
      View Details
    • New
      $1,100 /Mo

      Downtown Beaufort Office Space Rental

      Charming 320 SF office space in downtown Beaufort.
      1011 Bay St, Beaufort, SC 29902
      View Details
    • $1,648 /Mo
      3,485 SF

      Renovated Retail/Office Space in Beaufort

      Historic Beaufort commercial space with modern functionality and Southern charm.
      609 Carteret St, Beaufort, SC 29902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2048 Pearl St
    Beaufort, SC 29902-3836
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.