Highway 278 Two-Story Commercial
578 William Hilton Parkway Hilton Head Island, SC 29928
578 William Hilton Parkway, Hilton Head Island, SC, 29928
$999,000
For Sale
$999,000
COMMERCIAL - Hilton Head Island, SC
Property Size2,322 SF
Price / SF$430.23
Days on Market80
Property Features for 578 William Hilton Parkway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,322 SF
Listing Agency
Howard Hanna Allen Tate Lowcountry (222)
(843) 341-3700
1038 William Hilton Pkwy, Hilton Head Island, SC
Listed by
Joe Ryan
(843) 422-1100
Added: Apr 29 Checked: Jul 17 at 3:06 pm
MLS# 506973
Copyright © 2026 REsides, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story commercial building is located on Highway 278 in Hilton Head Island, South Carolina, across from Adventure Cove and Nala's Beach Restaurant. The building has a total area of 2,322 square feet and is currently used as office space by a rental company that intends to relocate to a smaller space at the end of the summer. The property is suitable for various professional or retail uses. The adjacent building houses Darling Eye Center. The building features eight offices and two bathrooms, complemented by approximately eight parking spaces.
Key Highlights
- Great Location near the park
- Newly renovated kitchen
- Hardwood floors throughout
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $21.60 |
| − Vacancy | −$7.5k | −$3.24 |
| EGI | $42.6k | $18.36 |
| − OpEx | −$10.7k | −$4.59 |
| NOI | $32.0k | $13.77 |
2,322 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hilton Head Retreats
Vacation Rental
Hilton Head Golf ...
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story commercial building on Highway 278 in Hilton Head.
Where is this office building located?
The property is located at 578 William Hilton Parkway Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Great Location near the park; Newly renovated kitchen; Hardwood floors throughout
