Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Laurel Bay Rd Beaufort, SC 29906

    • High-rise multifamily apartments
    • 17,432 SF
    • 7.15 lot acres
    OFF-MARKET
    Last Sale
    Feb 08, 2022
    $6,400,000
    Value Estimations
    $5,510,000
    Show details
    Cap Rate Potential
    3.1%
    High-rise multifamily apartments
    Location Intelligence
    Property ID
    US77-0556440
    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

    • High-rise multifamily apartments

    Property Details for 308 Laurel Bay Rd

    Year built
    2001
    Lot size
    7.15 lot acres
    Property size
    17,432 SF
    Zone code
    6611
    Property type
    High-rise multifamily apartments
    APN
    R100 024 000 0375 0000
    APU
    R10002400003750000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,995,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,044,000
      Market price range: $1.34M - $4.04M
      AI Estimate
      $4,044,000
      Market price range: $1.34M - $4.04M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,265,000
      AUTO REPAIR, GARAGE
      $5,955,000
      OFFICE BUILDING
      $4,335,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7689
    Latitude
    32.4544
    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
    $111,939
    $0.00
    $0.00
    $380,110
    -
    $1,161,900
    $5,173,300
    $6,335,200

    Comparable in this City

    • Value Estimation by Request
      1,846 SF

      499 Parris Is Gtwy

      HIGH-RISE APARTMENTS • 1,846 SF
      499 Parris Is Gtwy, Beaufort, SC 29906-6280
      View Details
    • Value Estimation
      $19,440,000
      23,136 SF

      325 Ambrose Run

      HIGH-RISE APARTMENTS • 23,136 SF
      325 Ambrose Run, Beaufort, SC 29906-5784
      View Details
    • Value Estimation by Request
      1,440 SF

      273 County Shed Rd

      HIGH-RISE APARTMENTS • 1,440 SF
      273 County Shed Rd, Beaufort, SC 29906-8717
      View Details
    • Value Estimation by Request
      24,024 SF

      100 Riverchase Blvd

      HIGH-RISE APARTMENTS • 24,024 SF
      100 Riverchase Blvd, Beaufort, SC 29906-9099
      View Details
    • Value Estimation by Request
      1.43 Acres

      84 Parker Dr

      MOBILE HOME PARK, TRAILER PARK • 1.43 Acres
      84 Parker Dr, Beaufort, SC 29906-8311
      View Details
    • Value Estimation by Request
      3.50 Acres

      1574 Carolina Ave

      MOBILE HOME PARK, TRAILER PARK • 3.50 Acres
      1574 Carolina Ave, Beaufort, SC 29906-9759
      View Details

    Similar Nearby for Sale

    • $4,000,000
      28.30 Acres

      28 Acres Development Tract

      28-acre development tract suitable for apartments, single-family, or commercial uses.
      708 Robert Smalls Pkwy, Beaufort, SC 29906
      View Details
    • $290,000

      Beaufort Hwy 21 Commercial Land

      1.39 Acres, Mixed-Use Zoning, Income Potential
      3511 Trask Pkwy, Beaufort, SC 29906
      View Details
    • $459,000
      7.32 Acres

      Beaufort Residential Land - 7.32 Acres

      Wooded lot, high-density potential, prime location.
      0 Goethe Hill Rd, Beaufort, SC 29906
      View Details
    • $175,000

      Commercial Land on Parris Island Gateway

      Commercial land available on high-traffic Parris Island Gateway.
      783 Parris Island Gtwy, Beaufort, SC 29906
      View Details
    • $725,000
      2.00 Acres

      Port Royal Multi-Use Land

      Two-acre property with high traffic and development potential.
      299 Savannah Hwy, Beaufort, SC 29906
      View Details
    • $1,300,000
      14.00 Acres

      Waterfront Development Tract in Beaufort

      Waterfront development opportunity in Beaufort, close to amenities and schools.
      295 Parris Island Gtwy, Beaufort, SC 29906
      View Details

    Similar Nearby for Lease

    • 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
    • $1,000 /Mo
      1,307 SF

      Office/Storage Space with Land

      Commercial office/storage space with ample land in Beaufort, SC.
      40 Shanklin Rd, Beaufort, SC 29906
      View Details
    • 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

      Retail Land for Lease

      Commercial land for lease near Hilton Head and Bluffton.
      330 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.
      Beaufort, SC 29906
      View Details
    • $22 SF/Yr
      1,350 SF

      Office Space with Balcony Access

      Office space featuring multiple balconies, private bathroom, and concrete flooring.
      19 Market, Beaufort, SC 29906
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    308 Laurel Bay Rd
    Beaufort, SC 29906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.