24 Sheridan Park Cir Bluffton, SC 29910-6024
Property profile & analytics
24 Sheridan Park Cir, Bluffton, SC 29910-6024
- Retail space
- 6,000 SF
- 0.72 lot acres
Property ID
US77-0688474
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.
Location Intelligence
Current Use by Public Records
- SiteOne Landscape Supply / Garden Center / Hardware & Home Improvement
Property Details for 24 Sheridan Park Cir
- Year built
- 1996
- Lot size
- 0.72 lot acres
- Zone code
- 6616
- Property type
- Retail space
- APN
- R610 031 00D 0019 0000
- APU
- R61003100D00190000
Description
This 7,680 square foot warehouse in Bluffton, South Carolina, presents a compelling investment opportunity. Located at 24 Sheridan Park Circle, this property boasts a strong 5.5% cap rate based on a current NOI of $74,262.96. The building, constructed in 1996, includes approximately 6,000 square feet of warehouse space and an additional 1,680 square feet of fenced, improved outside storage. Currently leased to Site One Landscape Supply, Inc. (NYSE: SITE), a major player in the landscaping industry, the lease features three percent annual rent bumps and a five-year renewal option expiring in Q1 2028, with one additional five-year renewal option available. The property benefits from a historically strong location with significant barriers to entry, ensuring solid rent growth. The blended rate of $9.66/SF/YR (NNN) reflects the combined value of the front retail/warehouse and rear storage areas. Situated in a service industry pocket near Hilton Head Island, the property enjoys high visibility due to its proximity to I-278, which sees 55,400 vehicles per day. This is an ideal investment for those seeking a stable, high-return property with significant upside potential. The asking price is $1,350,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,150,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,580,000
- 6.5%
- $1,460,000
- 7%
- $1,355,000
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,000,000 Current use
- RESTAURANT
- $2,155,000 Change: +116% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,050,000 Change: +105% Conversion: Difficult
- OFFICE BUILDING
- $1,765,000 Change: +77% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,550,000 Change: +55% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $960,000 Change: -4% Conversion: Difficult
- WAREHOUSE, STORAGE
- $820,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bluffton
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.8594
- Latitude
- 32.2629
- 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
$10,794
$0.00
$0.00
$36,190
-
$324,000
$340,700
$664,700
