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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Retail space
24 Sheridan Park Cir Bluffton, SC 29910-6024
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-0688474
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
6,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
6616
APN
R610 031 00D 0019 0000
UPID
US77-0688474
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
Current use
Occupant on record · Public records
-
SiteOne Landscape Supply Garden Center Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
24 Sheridan Park LLC · 1 yrs held
24 Sheridan Park LLC
since 2025
Last sale
$1.4M
3 recorded transactions
Zoning & alternative use
6616 · Bluffton, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+115.6%
Auto repair, garage
$2.1M
+104.9%
Office building
$1.8M
+76.6%
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 Bluffton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bluffton 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
$1,150,000
ML approach
by Request
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
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10% · vs last sale $1.35M (Jan 8 2025)
Last sale anchor
$1.35M
Jan 8 2025
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
$222 / 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
$10,794
Tax year 2023
Assessed value
$36,190
Assessed 2023
Previous assessed
$31,470
+15.0% YoY
Effective rate
29.83%
On assessed value
Land market value
$324,000
Improvement market value
$340,700
Total market value
$664,700
Applied tax rate
610.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
NONE
Total area
6,000 SF
Lot
0.72 ac (31,363 SF)
Zoning code
6616
APN
R610 031 00D 0019 0000
UPID
US77-0688474
Jurisdiction
BEAUFORT
Zoning & alternative use
6616 · Bluffton, SC
Zoning 6616 · permitted uses
6616 · Bluffton, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bluffton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$960,000
WAREHOUSE, STORAGE
Est. value
$820,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Lot
0.72 ac
Current owner
From public records · entity-resolved
24 Sheridan Park LLC
Entity
Free & Clear · 1 yrs held
Mailing address
124 EDINBURGH CT STE #113, GREENVILLE, SC 29607-2542
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
$1,350,000
24 Sheridan Park LLC
Yeargin Holdings LLC
Deed
—
Oct 22, 2018
—
Yeargin Holdings LLC
Yeargin Robert H Trust
Quit Claim Deed
related
—
Jun 22, 2007
—
Yeargin Robert H Trust
Yeargin,robert H
Quit Claim Deed
related
—
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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