Flex Space with Rear
For Sale
Contact for pricing
1 Mathews Drive, Hilton Head Island, SC 29926
Commercial, Hilton Head Island, SC
Property Size1,500 SF
Price / SF$0.01
Days on Market142
Property Features for 1 Mathews Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Hilton Head Commercial
Standard status
Active
Listing Agency:
SERHANT (932)
Listed By:
Bob Jones
(843) 368-2935
Added: Jun 10
Changed: Sep 29
Last Checked: Oct 29 at 7:06AM
MLS# 510327
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines 1,500 square feet of finished office space with warehouse space positioned at the rear. The layout brings office and warehouse components together within one commercial space on Hilton Head Island.
The offering is structured as a sublease with 2 years remaining on the current lease term. An extension may be possible with landlord approval, providing a defined occupancy period with a potential continuation subject to that approval.
The offering is structured as a sublease with 2 years remaining on the current lease term. An extension may be possible with landlord approval, providing a defined occupancy period with a potential continuation subject to that approval.
Key Highlights
- 1,500 square feet of finished office space
- Rear warehouse space included
- Sublease with 2 years remaining on the lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,978
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,560
$179.6K
Cap Rate 7%
$128,257
$128.3K
Cap Rate 9%
$99,756
$99.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$13.5K $9.00/SF
− Vacancy
−$675 −$0.45/SF
EGI
$12.8K $8.55/SF
− OpEx
−$3.8K −$2.56/SF
NOI
$9.0K $5.98/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,560
Cap Rate 7%
$128,257
Cap Rate 9%
$99,756
Alternative Uses
Best Use
Flex RnD
$384.4K
$336.4K – $448.5K
NOI $26,910 @ 7.0% cap · market cap 149,500.00%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 114,750.00%
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 176,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29926, SC
24,832
Population
12,642
Households
2
Avg Household Size
56
Median Age
52%
College-Educated
91%
High-School Grad
28.7 sq mi
ZIP Area
865
Density / Sq Mi
$101,573
Median Household Income
$44,019
Median Earnings
$1,448
Median Rent
$600,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Chef Lynn Michelle, The East Coast Chef — 21 Mathews Dr, Hilton Head Island, SC 29926
Frequently Asked Questions
What type of property is this?
Flex space - A finished office component is paired with an additional warehouse area.
Where is this flex space located?
The property is located at 1 Mathews Drive Hilton Head Island, SC.
What are key features of this property?
This property features: 1,500 square feet of finished office space; Rear warehouse space included; Sublease with 2 years remaining on the lease
