Medical Office
New
For Sale
$499,000
23 Main Street Suite 101, Hilton Head Island, SC 29926
Ground-floor space is divided into two suites, with one currently leased and the other vacant.
Property Size1,500 SF
Price / SF$332.67
Days on Market3
Property Features for 23 Main Street Suite 101
General Information
Standard status
Active
Size
1,500 SF
Class
A
Property subtype
Office
Occupancy
50%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Ground Floor
Office Units
2
Building Details
Building Size
1,500 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
NAI Carolina Chapter
Listed By:
Walter Wilkins
(843) 384-6550
Source:
Naicarolinacharter
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ground-floor medical office property contains approximately 1,500 square feet arranged as two 750-square-foot suites, 101A and 101B. Suite 101A is vacant, while Suite 101B is leased. The property was built in 2004 and is identified as Class A medical office space.
The suites are near a hospital and offer access from Main Street or Highway 278 via Automobile Place. Parking is available on site.
The suites are near a hospital and offer access from Main Street or Highway 278 via Automobile Place. Parking is available on site.
Key Highlights
- Approximately 1,500sf divided into two 750sf suites
- Suite 101A is vacant; Suite 101B is leased
- Ground‑floor medical office space built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,165
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,300
$483.3K
Cap Rate 7%
$345,214
$345.2K
Cap Rate 9%
$268,500
$268.5K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$45.0K $30.00/SF
− Vacancy
−$4.7K −$3.15/SF
EGI
$40.3K $26.85/SF
− OpEx
−$16.1K −$10.74/SF
NOI
$24.2K $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%
$483,300
Cap Rate 7%
$345,214
Cap Rate 9%
$268,500
Alternative Uses
Best Use
Healthcare Medical
$345.2K
$302.1K – $402.8K
NOI $24,165 @ 7.0% cap · market cap 4.84%
Second Best
Office B
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
50%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
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 space is divided into two suites, with one currently leased and the other vacant.
Where is this medical office space located?
The property is located at 23 Main Street Suite 101 Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 1,500sf divided into two 750sf suites; Suite 101A is vacant; Suite 101B is leased; Ground‑floor medical office space built in 2004
