Medical Office Suite with Exam
For Sale
Contact for pricing
23 Main St, Hilton Head Island, SC 29926
Medical office suite near Hilton Head Hospital with reception, waiting area, restroom, and multiple exam rooms.
Property Size1,213 SF
Price / SF$309.15
Days on Market290
Property Features for 23 Main St
General Information
Standard status
Active
Size
1,213 SF
Property subtype
OFFICE
Listing Agency:
NAI Carolina Chapter
(843) 837-4460
Listed By:
Baker Wilkins · License #31069
(843) 247-2470
Source:
Moodyscre
Added: Nov 27, 2025
Changed: Sep 12
Last Checked: Sep 13 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Carolina Chapter
Investment Insights
Based on property information with market context.
This medical office space for sale includes a reception area with two built-in desks and cabinets, a storage closet, and two window counters. The layout also provides a waiting room, restroom, IT closet, and a nurses station with built-in cabinets and a sink.
The space features a total of 4–5 exam rooms, including three larger exam rooms with built-in cabinets and sinks, one larger exam room without a sink, and one smaller exam room with a built-in cabinet and sink.
Located on the north end of Hilton Head Island near Hilton Head Plantation and Indigo Run, the property is very close to Hilton Head Hospital.
The space features a total of 4–5 exam rooms, including three larger exam rooms with built-in cabinets and sinks, one larger exam room without a sink, and one smaller exam room with a built-in cabinet and sink.
Located on the north end of Hilton Head Island near Hilton Head Plantation and Indigo Run, the property is very close to Hilton Head Hospital.
Key Highlights
- Medical office space for sale very close to Hilton Head Hospital
- Reception area with 2 built‑in desks and cabinets, plus storage closet and two window counters
- Waiting room, restroom, and IT closet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,541
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,820
$390.8K
Cap Rate 7%
$279,157
$279.2K
Cap Rate 9%
$217,122
$217.1K
Market Conditions
NOI Build-Up for 1,213 SF
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.
Gross rent
$36.4K $30.00/SF
− Vacancy
−$3.8K −$3.15/SF
EGI
$32.6K $26.85/SF
− OpEx
−$13.0K −$10.74/SF
NOI
$19.5K $16.11/SF
Area
Beaufort County, SC
Vacancy
10.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,820
Cap Rate 7%
$279,157
Cap Rate 9%
$217,122
Alternative Uses
Best Use
Healthcare Medical
$279.2K
$244.3K – $325.7K
NOI $19,541 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$238.6K
$208.8K – $278.4K
NOI $16,703 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$366.0K
$320.2K – $427.0K
NOI $25,619 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dr Kirk Dixon DVM — 109 Mathews Dr, Hilton Head Island, SC 29926
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite near Hilton Head Hospital with reception, waiting area, restroom, and multiple exam rooms.
Where is this medical office space located?
The property is located at 23 Main St Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Medical office space for sale very close to Hilton Head Hospital; Reception area with 2 built‑in desks and cabinets, plus storage closet and two window counters; Waiting room, restroom, and IT closet
