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 Market223
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 Chapter
Listed By:
Baker Wilkins · License #31069
(843) 247-2470
Source:
Naicarolinacharter
Added: Mar 5
Changed: Oct 11
Last Checked: Oct 12 at 6:41PM
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.
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 / 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.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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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.
