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    Property profile & analytics

    2427 Boundary St Beaufort, SC 29906-3770

    • Drive through restaurants
    • 2,755 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Apr 24, 2020
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2821931
    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

    • Dunkin' / Bakery / Discount Store

    Property Details for 2427 Boundary St

    Year built
    1992
    Lot size
    0.58 lot acres
    Property size
    2,755 SF
    Zone code
    6611
    Property type
    Drive through restaurants
    APN
    R122 026 000 0171 0000
    APU
    R12202600001710000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $820,000
      Market price range: $466k - $1.55M
      AI Estimate
      $820,000
      Market price range: $466k - $1.55M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $990,000
      Current use
      AUTO REPAIR, GARAGE
      $940,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.706
    Latitude
    32.4409
    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
    $10,973
    $0.00
    $0.00
    $35,780
    -
    $400,200
    $311,200
    $711,400

    Comparable in this City

    • Value Estimation
      $1,120,000
      2,848 SF

      268 Robert Smalls Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,848 SF
      268 Robert Smalls Pkwy, Beaufort, SC 29906-4213
      View Details
    • Value Estimation
      $1,165,000
      2,436 SF

      209 Robert Smalls Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,436 SF
      209 Robert Smalls Pkwy, Beaufort, SC 29906-4227
      View Details
    • Value Estimation
      $1,750,000
      3,217 SF

      2434 Boundary St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,217 SF
      2434 Boundary St, Beaufort, SC 29906-3769
      View Details
    • Value Estimation
      $2,315,000
      4,110 SF

      2405 Boundary St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,110 SF
      2405 Boundary St, Beaufort, SC 29906-3770
      View Details
    • Value Estimation
      $740,000
      1,406 SF

      340 Robert Smalls Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,406 SF
      340 Robert Smalls Pkwy, Beaufort, SC 29906-4265
      View Details
    • Value Estimation
      $705,000
      1,840 SF

      3662 Trask Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,840 SF
      3662 Trask Pkwy, Beaufort, SC 29906-7168
      View Details

    Similar Nearby for Sale

    • $450,000
      0.61 Acres

      Convenience Store/Restaurant Opportunity in Beaufort

      High-traffic location, endless possibilities for store or restaurant.
      2769 Trask Pkwy, Beaufort, SC 29906
      View Details
    • $450,000
      0.61 Acres

      Commercial Property in High-Traffic Area

      Convenience store/restaurant with potential for various business ventures.
      2769 Trask Pkwy, Beaufort, SC 29906
      View Details
    • $1,000,000

      Retail Asset in Beaufort, SC

      Single-tenant, net-leased Family Dollar in coastal South Carolina market.
      361 Shanklin Rd, Beaufort, SC 29906
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    • $350,000

      Beaufort Commercial Land For Sale

      Commercial land in Shell Point area with high traffic count.
      783 Parris Island Gtwy, Beaufort, SC 29906
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    • $1,600,000

      Prime Development Land For Sale

      1.92-acre parcel ideal for retail or mixed-use development.
      142 Robert Smalls Pkwy, Beaufort, SC 29906
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    • $799,000
      Pending

      Highway Frontage Commercial Site

      One acre commercial site with existing mechanic shop.
      3520 Trask Pkwy, Beaufort, SC 29906
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    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Beaufort, SC

      Retail space available in established Beaufort shopping center.
      324-332 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space Near Food Lion

      Retail spaces available in Food Lion anchored shopping center.
      350 Shanklin Rd, Beaufort, SC 29906
      View Details
    • New
      $11 SF/Yr
      47,480 SF

      Retail/Flex Building on Highway 170

      19,250 SF retail/flex building with excellent exposure.
      164 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details
    • $7,500 /Mo
      20,038 SF

      Highway 170 Flex/Retail Building

      4,350 SF flex/retail building with high visibility.
      46 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details
    • Contact for pricing

      Retail Space in Beaufort, SC

      Retail space available in regional shopping center in Beaufort, SC.
      336 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details
    • $650 /Mo

      Professional Office Suites For Lease

      Small office suites available in Beaufort, SC.
      69 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details

    Property Visit Statistics

    • Visits by month
      42.0k
    • Visitors by month
      25.2k
    • Avg Time on site
      13 min
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    Beaufort, SC 29906-3770
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    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
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