Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8 Neil Rd Beaufort, SC 29906
    Back to Search
    Property profile & analytics

    8 Neil Rd Beaufort, SC 29906

    View on Map
    • Auto shops
    • 6,273 SF
    • 2.70 lot acres
    For Sale
    $2,250,000
    View Listing →
    Mixed-Use Site in Beaufort, SC For Sale
    $2,250,000
    6,273 SF

    Mixed-Use Site in Beaufort, SC

    Mixed-use site with redevelopment potential in a promising corridor.

    8 Neil Road, Beaufort, SC 29906
    View Listing
    Property ID
    US77-0830205
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Felver Transport / Auto Repair Shop
    • Donahoe's Custom Creations / Auto Repair Shop

    Property Details for 8 Neil Rd

    Year built
    1969
    Lot size
    2.70 lot acres
    Property size
    6,273 SF
    Zone code
    6611
    Property type
    Auto shops
    APN
    R100 029 000 004W 0000
    APU
    R100029000004W0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $878,000
      Market price range: $878k - $3.12M
      AI Estimate
      $878,000
      Market price range: $878k - $3.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaufort
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.709
    Latitude
    32.4387
    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
    $9,710
    $0.00
    $0.00
    $30,610
    -
    $432,000
    $78,100
    $510,100

    Comparable in this City

    • Value Estimation by Request
      3,520 SF

      11 Neil Rd

      AUTO REPAIR, GARAGE • 3,520 SF
      11 Neil Rd, Beaufort, SC 29906-7345
      View Details
    • Value Estimation
      $1,650,000
      11,770 SF

      118 Parris Is Gtwy

      AUTO REPAIR, GARAGE • 11,770 SF
      118 Parris Is Gtwy, Beaufort, SC 29906-4246
      View Details
    • Value Estimation
      $630,000
      4,500 SF

      148 Savannah Hwy

      AUTO REPAIR, GARAGE • 4,500 SF
      148 Savannah Hwy, Beaufort, SC 29906-6731
      View Details
    • Value Estimation
      $4,575,000
      21,559 SF

      2811 Boundary St

      AUTO REPAIR, GARAGE • 21,559 SF
      2811 Boundary St, Beaufort, SC 29906-7339
      View Details
    • Value Estimation
      $505,000
      3,600 SF

      82 Savannah Hwy

      AUTO REPAIR, GARAGE • 3,600 SF
      82 Savannah Hwy, Beaufort, SC 29906-6208
      View Details
    • Value Estimation by Request
      930 SF

      401 Parris Is Gtwy

      AUTO REPAIR, GARAGE • 930 SF
      401 Parris Is Gtwy, Beaufort, SC 29906-5137
      View Details

    Similar Nearby for Sale

    • $799,000
      7,300 SF

      Highway Frontage Commercial Site

      One-acre commercial site with a 7,300 SF building.
      3520 Trask Pkwy, Beaufort, SC 29906
      View Details
    • $199,900
      Pending

      Beaufort Commercial Land For Sale

      Almost 4-acre commercial tract with high traffic and visibility.
      8 Bruce K Smalls Dr, Beaufort, SC 29906
      View Details
    • $799,000
      7,300 SF

      Highway Frontage Commercial Site

      One-acre commercial site with high-visibility frontage and flexible zoning.
      3520 Trask Pkwy, Beaufort, SC 29906
      View Details
    • $2,250,000
      6,273 SF

      Mixed-Use Site in Beaufort, SC

      Mixed-use site with redevelopment potential in a promising corridor.
      8 Neil Rd, Beaufort, SC 29906
      View Details
    • Contact for pricing

      Commercial Parcels with Operating Facilities

      Three contiguous commercial parcels with established facilities and expansion potential.
      3 Broad River Blvd, Beaufort, SC 29906
      View Details
    • $350,000

      Beaufort Commercial Land For Sale

      Commercial land in Shell Point area with high traffic count.
      783 Parris Island Gtwy, Beaufort, SC 29906
      View Details

    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
      $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
    • $3,650 /Mo
      22,216 SF

      Commercial Space in Beaufort, SC

      Highly visible 1,802 SF space for retail or office.
      2631 Boundary St, 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
    View Listing
    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.
    8 Neil 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

    Thank You for Inquiry
    8 Neil Rd, Beaufort, SC, 29906
    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!