Medical Office Suite Near
23 Main Street Suite 303, Hilton Head Island, SC 29926
For Sale
$375,000
Ground floor medical office suite available near Hilton Head Hospital.
Property Size1,213 SF
Days on Market359
Property Features for 23 Main Street Suite 303
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Listing Agency:
NAI Carolina Chapter
Listed By:
Baker Wilkins · License SC #31069
(843) 247-2470
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Nov 8
Last Checked: Nov 12 at 5:57AM
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
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Investment Insights
Based on property information with market context.
A ground floor medical office suite is available for lease in a medical office building near Hilton Head Hospital. The property is located on the north end of Hilton Head Island, less than 0.5 miles from the hospital. The suite, identified as 101A, offers approximately 750 square feet of space and was formerly a hearing center. The layout includes a reception area and three to four offices or patient rooms. The location is in a professional setting with ample parking. The property is a ground floor suite within the three-story medical office building known as Palmetto Office Suites, located at 23 North Main Street, Hilton Head Island, South Carolina. The property is situated one lot from Hospital Center Boulevard on Main Street and is accessible from Highway 278 (William Hilton Parkway) via Automobile Place. Suite 101B, also approximately 750 square feet, is leased to Quest Diagnostics. Suite 101A is available for lease now.
Key Highlights
- Located less than 0.5 mile from Hilton Head Hospital
- Ground floor suite in a high‑profile medical office building
- Ample parking available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,541
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,310
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Properties on Market for Medical Office Space in Beaufort County
Vacancy Rate% for Office in South region
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 - Ground floor medical office suite available near Hilton Head Hospital.
Where is this medical office space located?
The property is located at 23 Main Street Suite 303 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: Located less than 0.5 mile from Hilton Head Hospital; Ground floor suite in a high‑profile medical office building; Ample parking available
