Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    60 Palmetto Pkwy Hilton Head Island, SC 29926-3815
    Back to Search
    Property profile & analytics

    60 Palmetto Pkwy, Hilton Head Island, SC 29926-3815

    View on Map
    • Retail space
    • 4,742 SF
    • 1.00 lot acres
    Off-Market
    Last Sale Feb 24, 2021
    Property ID
    US77-0972273
    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.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stephens Compounding Pharmacy / Medical Clinic
    • Searchlight Realty / Real Estate Agency
    • Hair Gallery / Hair Salon / Nail Salon

    Property Details for 60 Palmetto Pkwy

    Year built
    2000
    Lot size
    1.00 lot acres
    Zone code
    6615
    Property type
    Retail space
    APN
    R511 008 000 0252 0000
    APU
    R51100800002520000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $522,000
      Market price range: $475k - $1.09M
      AI Estimate
      $522,000
      Market price range: $475k - $1.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $765,000
      Current use
      OFFICE BUILDING
      $840,000
      Change: +10% Conversion: Easy
      COMMERCIAL (GENERAL)
      $710,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $650,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7045
    Latitude
    32.2196
    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
    $9,493
    $0.00
    $0.00
    $33,020
    -
    $250,000
    $317,600
    $567,600

    Comparable in this City

    • Value Estimation
      $1,345,000
      13,455 SF

      5 Hunter Rd

      RETAIL STORES (PERSONAL SERVICES)
      5 Hunter Rd, Hilton Head Island, SC 29926-3406
      View Details
    • Value Estimation by Request
      1,578 SF

      119 Mathews Dr

      RETAIL STORES (PERSONAL SERVICES)
      119 Mathews Dr, Hilton Head Island, SC 29926-3617
      View Details
    • Value Estimation by Request
      1,296 SF

      42 Timber Ln

      RETAIL STORES (PERSONAL SERVICES)
      42 Timber Ln, Hilton Head Island, SC 29926
      View Details
    • Value Estimation by Request
      480 SF

      13 Trellis Ct

      RETAIL STORES (PERSONAL SERVICES)
      13 Trellis Ct, Hilton Head Island, SC 29926-2374
      View Details
    • Value Estimation by Request
      3,127 SF

      155 William Hilton Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      155 William Hilton Pkwy, Hilton Head Island, SC 29926-5218
      View Details
    • Value Estimation
      $1,110,000
      7,120 SF

      40 Palmetto Pkwy

      RETAIL STORES (PERSONAL SERVICES)
      40 Palmetto Pkwy, Hilton Head Island, SC 29926-3759
      View Details

    Similar Nearby for Sale

    • $1,399,000
      0.98 Acres

      Leased Commercial Property Investment

      Prime commercial property leased to a national law firm.
      1544 Fording Island Road Ext, Hilton Head Island, SC 29926
      View Details
    • $2,200,000
      19,500 SF

      Hilton Head Commercial Building

      19,500 SF commercial building with warehouse space for sale.
      20 Capital Dr, Hilton Head Island, SC 29926
      View Details
    • $1,450,000
      Pending

      Commercial Units For Sale

      Three commercial units available with tenants in place.
      10 Oak Park Dr, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing
      1,500 SF

      Hilton Head Commercial Space

      1,500 sq ft commercial space for retail, office, storage.
      46 Old Wild Horse Rd, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Showroom/Warehouse on Hilton Head

      Showroom/warehouse for sale in light industrial area.
      5 Hunter Rd, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Windmill Harbour Marina 45 ft Boatslip

      45 ft. boatslip in tide-free lock harbour.
      J-163 Windmill Harbour Marina, Hilton Head Island, SC 29926
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed Commercial Space Available

      1,500 sq. ft. space ideal for retail, office, or storage.
      46 Old Wild Horse Rd, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Retail Space in Northridge Plaza

      Retail space for lease in Hilton Head Island, South Carolina.
      435 William Hilton Pkwy, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing
      2,218 SF

      Mid-Island Retail/Flex Space Available

      Retail or flex space with good visibility and natural light.
      29 Mathews Dr, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing
      1,671 SF

      Restaurant Space on Main Street

      Turn-key restaurant space available for rent on Main Street.
      1501 Main St, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Former IHOP on William Hilton

      Freestanding 5,172 SF building in high-traffic retail corridor.
      439 William Hilton Pkwy, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Hilton Head Retail Center Space

      Redeveloped community center with excellent visibility and access.
      Matthews Dr, Hilton Head Island, SC 29926
      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.
    60 Palmetto Pkwy
    Hilton Head Island, SC 29926-3815
    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

    Thank You for Inquiry
    60 Palmetto Pkwy, Hilton Head Island, SC, 29926
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!