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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Showrooms
229 Gum Tree Rd Hilton Head Island, SC 29926-1623
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-0054217
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1977
Total area
5,000 SF
Lot
0.7 ac (30,492 SF)
Zoning code
6615
APN
R510 003 000 025A 0000
UPID
US77-0054217
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
$1.14M
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$968k
Blend (final)
Blend
$1.14M
Owner & transaction history
Jle LLC · 2 yrs held
Jle LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
6615 · Hilton Head Island, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+139.5%
Auto repair, garage
$1.7M
+127.6%
Office building
$890,000
+18.3%
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 Hilton Head Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilton Head Island 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
$1,140,000
ML approach
$1,140,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$750,000
Current use
RESTAURANT
$1,795,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,710,000
Change: +128% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +18% · Conversion: Easy
RETAIL STORES
$805,000
Change: +8% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$800,000
Change: +7% · Conversion: Moderate
WAREHOUSE, STORAGE
$685,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.14M (Apr 25 2024)
Last sale anchor
$1.14M
Apr 25 2024
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
$228 / 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
$13,351
Tax year 2023
Assessed value
$51,000
Assessed 2023
Previous assessed
$51,000
+0.0% YoY
Effective rate
26.18%
On assessed value
Land market value
$273,000
Improvement market value
$577,000
Total market value
$850,000
Applied tax rate
510.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1977
Heating
NONE
Total area
5,000 SF
Lot
0.7 ac (30,492 SF)
Zoning code
6615
APN
R510 003 000 025A 0000
UPID
US77-0054217
Jurisdiction
BEAUFORT
Zoning & alternative use
6615 · Hilton Head Island, SC
Zoning 6615 · permitted uses
6615 · Hilton Head Island, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hilton Head Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$750,000
RESTAURANT
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES
Est. value
$805,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$685,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1977
Heating
NONE
Lot
0.7 ac
Current owner
From public records · entity-resolved
Jle LLC
Entity
Free & Clear · 2 yrs held
Mailing address
33 SEABROOK LNDG DR, HILTON HEAD ISLAND, SC 29926-1347
Ownership since
2024
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 25, 2024
$1,140,000
Jle LLC
Clearleaf Short Alternative Fund LP
Deed
—
Aug 18, 2022
$850,000
Clearleaf Short Alternative Fund LP
Toucan Investments LLC
Warranty Deed
—
Mar 1, 2021
$231,500
Toucan Investments LLC
Carolina Energy Heating & Coling In
Warranty Deed
—
Jan 3, 2017
$195,000
Carolina Energy Heating & Cool
Garrison,marcus G
Warranty Deed
$159,000 · Marcus G & Karen K Garrison
Aug 24, 2012
$39,960
Marcus G Garrison
Td Bk NA
Grant Deed
—
Dec 13, 2010
$197,400
Td Bk NA
Owner Name Unavailable
Grant Deed
related
—
—
—
Willie J Young
—
Deed Of Trust
related
$330,000 · Carolina First Bank
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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