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    23B Shelter Cove Ln Hilton Head Island, SC 29928

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    For Sale
    Contact for pricing

    Class A office space with harbor views in Shelter Cove.

    Property size:
    27,217 SF

    Property Features for 23B Shelter Cove Ln

    General Information

    Size
    27,217 SF

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Baker Wilkins
    Source: Naiglobal

    Listing Agent: Baker Wilkins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Shelter Cove Executive Park Offices

    Shelter Cove Executive Park offers a Class A professional office environment. Most buildings are situated along the water, with views of Shelter Cove Harbor, the Disney resort, and Broad Creek. The park is located between the marina area and the redeveloped Shelter Cove Towne Center in a mid-island location. This location provides access to the entire island and is convenient for client entertainment. The property is near restaurants, shopping, and grocery stores, including Kroger and Whole Foods. Current tenants in Shelter Cove Executive Park include Edward Jones, Oppenheimer DDS, South Coast Management, PrimeLending, Movement Mortgage, and S. Wilkins Interior Design. The property is adjacent to Kroger, Starbucks, Kinghorn Insurance, and other retailers, restaurants, and professional offices. Suite 401 is ready for occupancy. Suites 300 and 400 will be available in the Fall of 2025. Suite 401 features a reception area, four offices (or three offices and a conference room), a copier/storage room, and an open work or meeting area. Other tenants in the building include Oppenheimer DDS, Edward Jones, Town of Hilton Head, South Coast Management and PrimeLending. The property size is 27217 square feet.
    Location Intelligence

    Current Use by Public Records

    Lowcountry Periodontics & Dental ... Dental Implants Periodontist Shelter Cove Dental Dentist Miller David L ... Dentist Professional Dental Laboratory Dental Laboratory Divorce & QDRO Legal Services

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.7249855
    Latitude
    32.1819467

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    FAQs

    What type of property is this?
    Office space - Class A office space with harbor views in Shelter Cove.
    Where is this office space located?
    The property is located at 23B Shelter Cove Ln Hilton Head Island, SC.
    What is the asking price?
    The asking price for this property is $17.
    What are key features of this property?
    This property features: - Prime mid-island location in Shelter Cove, providing easy access to the entire island.; - Enjoy great views of Shelter Cove Harbour, the Disney resort, and Broad Creek.; - Class A professional office environment.
    (843) 247-2470
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    23B Shelter Cove Ln Hilton Head Island, SC 29928
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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
    23B Shelter Cove Ln Hilton Head Island, SC 29928
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    We can help!
    Listing Contact
    Baker Wilkins
    (843) 247-2470
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