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    Property profile & analytics

    5 Lagoon Rd Hilton Head Island, SC 29928-6442

    • Office buildings
    • 6,400 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0622847
    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

    • Bomboras Grille / Hotel & Motel
    • Rock Fish Seafood & Steaks at Bomboras / Restaurant
    • Art Cafe / (Bike/Boat/Book/etc) Store

    Property Details for 5 Lagoon Rd

    Year built
    1988
    Lot size
    0.41 lot acres
    Property size
    6,400 SF
    Zone code
    6615
    Property type
    Office buildings
    APN
    R552 018 000 0184 0000
    APU
    R55201800001840000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,194,000
      Market price range: $639k - $1.27M
      AI Estimate
      $1,194,000
      Market price range: $639k - $1.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $970,000
      Current use
      RETAIL STORES
      $1,035,000
      Change: +6% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $1,025,000
      Change: +5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $960,000
      Change: -1% Conversion: Easy
      WAREHOUSE, STORAGE
      $875,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.752
    Latitude
    32.1446
    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
    $13,891
    $0.00
    $0.00
    $53,960
    -
    $264,500
    $935,500
    $1,200,000

    Comparable in this City

    • Value Estimation by Request
      1,700 SF

      Hilton Head Island, SC 29928

      OFFICE BUILDING • 1,700 SF
      Hilton Head Island, SC 29928
      View Details
    • Value Estimation
      $1,230,000
      9,840 SF

      93 Arrow Rd

      OFFICE BUILDING • 9,840 SF
      93 Arrow Rd, Hilton Head Island, SC 29928-7324
      View Details
    • Value Estimation
      $1,580,000
      7,971 SF

      15 Bow Cir

      PROFESSIONAL BUILDING • 7,971 SF
      15 Bow Cir, Hilton Head Island, SC 29928-3217
      View Details
    • Value Estimation
      $920,000
      4,646 SF

      3 Lemoyne Ave

      OFFICE BUILDING • 4,646 SF
      3 Lemoyne Ave, Hilton Head Island, SC 29928-7052
      View Details
    • Value Estimation
      $1,260,000
      12,600 SF

      6 Ofc Way

      OFFICE BUILDING • 12,600 SF
      6 Ofc Way, Hilton Head Island, SC 29928-7586
      View Details
    • Value Estimation by Request
      1,156 SF

      27 Ofc Park Rd

      OFFICE BUILDING • 1,156 SF
      27 Ofc Park Rd, Hilton Head Island, SC 29928-4615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,000 SF

      Office Building Near the Beach

      Office building with leasing upside near new developments.
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      Hilton Head Office Building

      Recently renovated office building in the heart of Hilton Head.
      38 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • $1,500,000
      Pending

      Hilton Head Showroom/Office Building

      Showroom and Class A office building with highway signage.
      34 New Orleans Rd, Hilton Head Island, SC 29928
      View Details
    • $965,000
      8,839 SF

      Renovated Office Building Near Amenities

      Professionally managed office building with flexible layout near retail and restaurants.
      19 Executive Park Rd, Bluffton, SC 29928
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    • Contact for pricing

      Class A Office with Views

      Professional office space with harbor views in Shelter Cove.
      23B Shelter Cove Ln, Hilton Head Island, SC 29928
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    • $99,900
      1,456 SF

      Fountain Center Commercial Units

      Two adjacent commercial units in Fountain Center, Hilton Head Island.
      55 New Orleans Rd, Hilton Head Island, SC 29928
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    Similar Nearby for Lease

    • Contact for pricing

      Shelter Cove Office Space Available

      Office suites available in prime Shelter Cove location.
      23B Shelter Cove Ln, Hilton Head Island, SC 29928
      View Details
    • $17 SF/Yr

      Class A Office Suite Available

      Functional office space in updated building with covered parking.
      2 Park Ln, Hilton Head Island, SC 29928
      View Details
    • $17 SF/Yr

      Class A Office Suites Available

      Functional office spaces in updated building with covered parking.
      2 Park Ln, Hilton Head Island, SC 29928
      View Details
    • Sponsored
      Contact for pricing

      SC, Hilton Head - Office Park Road

      Workspaces, services and support to help you work better in MD, Beltsville - Powder Mill Rd
      32 Office Park Rd, Hilton Head, SC 29928
      View Details
    • $17 SF/Yr
      1,792 SF

      Functional Office Spaces For Rent

      Updated building with covered parking and a great location.
      2 Park Rd, Hilton Head Island, SC 29928
      View Details
    • $25 SF/Yr

      Class A Office Space Available

      Class A office building with monument signage on Palmetto Bay Road.
      19 Bow Cir, Hilton Head Island, SC 29928
      View Details
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    5 Lagoon Rd
    Hilton Head Island, SC 29928-6442
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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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