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Property profile & analytics
FOR LEASE
Super regional malls
28 Shelter Cove Ln, Hilton Head Island, SC 29928
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-1183920
For Lease
1 / 2
$35 SF/Yr
28 Shelter Cove Ln, Hilton Head Island, SC 29928
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
99,058 SF
Lot
30.34 ac (1,321,610 SF)
Zoning code
6615
APN
R520 012 00B 0026 0000
UPID
US77-1183920
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
-
Spartina 449 Hilton Head Island (Bike/Boat/Book/etc) Store Clothing & Fashion Store
-
Kroger Deli Food Market Restaurant
-
Public Restrooms Public Bathroom
-
Woody's Sunglass Shop (Bike/Boat/Book/etc) Store
-
Heritage Fine Jewelry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shelter Cove III LLC · 9 yrs held
Shelter Cove III LLC
since 2016
6 recorded transactions
Zoning & alternative use
6615 · Hilton Head Island, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$856,083
Tax year 2023
Assessed value
$3,101,900
Assessed 2023
Previous assessed
$2,697,310
+15.0% YoY
Effective rate
27.60%
On assessed value
Land market value
$13,653,000
Improvement market value
$39,058,200
Total market value
$52,711,200
Applied tax rate
520.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1988
Heating
NONE
Buildings
9
Total area
99,058 SF
Lot
30.34 ac (1,321,610 SF)
Zoning code
6615
APN
R520 012 00B 0026 0000
UPID
US77-1183920
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.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Buildings
9
Lot
30.34 ac
Current owner
From public records · entity-resolved
Shelter Cove III LLC
Entity
Mailing address
2743 PERIMETER PKWY BLDG #37, AUGUSTA, GA 30909-4576
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2016
—
Shelter Cove III LLC
Shelter Cove Towne Centre LLC
Quit Claim Deed
related
$38,000,000 · Miscellaneous Ins Co
Jan 24, 2014
—
Shelter Cove II LLC
Shelter Cove Towne Centre LLC
Quit Claim Deed
—
Dec 23, 2013
—
Shelter Cove Harbour Co
Shelter Cove Towne Centre LLC
Quit Claim Deed
—
Aug 10, 2011
$17,279,000
Shelter Cove Towne Centre LLC
Pvi Shelter Cove LP
Grant Deed
related
—
Mar 18, 2004
—
Shelter Cove Pvi
Pacific Life Insurance
Grant Deed
$22,500,000 · Column Financial INC
May 1, 1986
$5,290,940
Hhi 77 Co
—
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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