Hilton Head Office/Medical
For Sale
$375,000
23 Main Street Suite 303, Hilton Head Island, SC 29926
Office/Medical space for sale near Hilton Head Hospital.
Property Size1,213 SF
Days on Market177
Property Features for 23 Main Street Suite 303
General Information
Standard status
Active
Size
1,213 SF
Class
A
Property subtype
Office
Building Details
Building Size
1,213 SF
Listing Agency:
NAI Carolina Charter
(843) 247-2470
Listed By:
Baker Wilkins · License #31069
(843) 247-2470
Source:
Naicarolinacharter
Added: Mar 5
Changed: Aug 8
Last Checked: Aug 29 at 6:06AM
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 Charter
Investment Insights
Based on property information with market context.
Office and medical space is available for sale on the north end of Hilton Head Island, near Hilton Head Plantation and Indigo Run. The layout includes a reception area with two built-in desks and cabinets, a storage closet, and two window counters. There is also a waiting room, restroom, IT closet, and a nurses station with built-in cabinets and a sink. The property features a total of four to five exam rooms. Three large exam rooms are equipped with built-in cabinets and a sink, one large exam room without a sink, and one small room with a built-in cabinet and sink. The property is located very close to Hilton Head Hospital and is suitable for commercial real estate, office properties, and medical office space.
Key Highlights
- Prime Location: North end of Hilton Head Island, near Hilton Head Hospital, Hilton Head Plantation, and Indigo Run.
- Ideal for Medical Use: Configured as a medical office space with multiple exam rooms.
- Turnkey Ready: Includes reception area, waiting room, restroom, IT closet, and nurses station.
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
Property Profile
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 - Office/Medical space for sale 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: Prime Location: North end of Hilton Head Island, near Hilton Head Hospital, Hilton Head Plantation, and Indigo Run.; Ideal for Medical Use: Configured as a medical office space with multiple exam rooms.; Turnkey Ready: Includes reception area, waiting room, restroom, IT closet, and nurses station.
