Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    29 Mathews Dr Hilton Head Island, SC

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,300 /Mo

    Retail or flex space with good visibility and natural light.

    Type:INDUSTRIAL
    Property size:
    2,218 SF
    Lot size:
    1.01 Acres
    Added:
    Jun 24, 2025
    Days on Market:
    282
    Last Refresh:
    Mar 29 at 11:17 pm

    Property Features for 29 Mathews Dr

    General Information

    Standard status
    Active
    Size
    2,218 SF
    Lot size
    1.01 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 29 Mathews Dr Contact us

    We can help!

    Listing Contact
    Walter Wilkins

    Listing agent Walter Wilkins

    Listing office NAI Carolina Chapter

    Listing date Jun 24, 2025

    Source Moodyscre

    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

    Overview

    Mid-Island Retail/Flex Space Available

    This property offers a flexible space suitable for retail or flex use in a mid-island location. The property features good visibility from Mathews Drive. The layout is wide and open, enhanced by big windows that provide ample natural light. Large storefront doors with a ramp facilitate easy access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Variety Floor Covering ... Carpet & Flooring Store Wiquiho Mold Remediation ... Hardware & Home Improvement Year Round Pool ... General Contractor Vacation Mobility Solutions Wheelchair Rental Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Daycare Center Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chef Lynn Michelle, The East Coast Chef — 21 Mathews Dr, Hilton Head Island, SC 29926

    Location Insight

    • Map
    • Local Demand
    City
    Hilton Head Island
    County
    Beaufort
    State
    South Carolina
    Longitude
    -80.704
    Latitude
    32.2208

    Nearby Similar for Lease

    • $22/mo

      North End Office Spaces

      North end office spaces for lease in Hilton Head.
      100 Exchange Street, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Office Space in Business Park

      Office space with high-end finishes in a business park.
      386 Spanish Wells Rd, Unit B-3, Hilton Head Island, SC 29926
      View Details
    • Sponsored
      Contact for pricing

      SC, Hilton Head - Office Park Road

      32 Office Park Rd, Hilton Head, SC 29928
      View Details
    • $25/mo

      Class A Office Space Available

      Class A office building with monument signage on Palmetto Bay Road.
      19 Bow Circle Ste A, Hilton Head Island, SC 29928
      View Details
    • $22/mo

      Medical Building on Hilton Head

      Stand-alone medical building for lease on Hilton Head Island.
      4101 Main St, Suite E & F , Hilton Head Island, SC 29926
      View Details
    • $22/mo

      North End Hilton Head Offices

      Professional office/medical spaces for lease on Hilton Head Island.
      100 Exchange Street, Hilton Head Island, SC 29926
      View Details
    • $17/mo

      Class A Office Suites Available

      Functional office spaces in updated building with covered parking.
      2 Park Lane , Hilton Head Island , SC 29928
      View Details
    • $17/mo

      Class A Office Suite Available

      Functional office space in updated building with covered parking.
      2 Park Lane , Hilton Head Island , SC 29928
      View Details
    • Contact for pricing

      Retail Space in Shelter Cove

      TJ Maxx anchored shopping center in Hilton Head Island.
      50 Shelter Cove Lane, Hilton Head Island, SC 29928
      View Details
    • Contact for pricing

      Former IHOP on William Hilton

      Freestanding 5,172 SF building in high-traffic retail corridor.
      439 William Hilton Pkwy, Hilton Head Island, SC 29926
      View Details
    • Contact for pricing

      Retail Space in Hilton Head

      Grocery-anchored neighborhood center with high visibility and strong tenant mix.
      890 William Hilton Pkwy, Hilton Head Island, SC
      View Details
    • $17/mo

      Functional Office Spaces For Rent

      Updated building with covered parking and a great location.
      2 Park Rd, Hilton Head Island, SC
      View Details

    FAQs

    What type of property is this?
    Flex space - Retail or flex space with good visibility and natural light.
    Where is this flex space located?
    The property is located at 29 Mathews Dr Hilton Head Island, SC.
    What is the lease rate?
    The lease rate is $4,300 /Mo.
    What are key features of this property?
    This property features: Great mid‑island location; Good visibility from Mathews Drive; Large storefront doors with ramp
    (843) 384-6550
    We can help!
    Listing Contact
    Walter Wilkins
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!