Renovated Office
For Sale
Contact for pricing
29 Plantation Park Drive, Bluffton, SC 29910
Three private offices, a reception area, conference room, restroom, and kitchenette create a practical multi-room layout.
Property Size1,300 SF
Price / SF$375
Days on Market11
Property Features for 29 Plantation Park Drive
General Information
Standard status
Active
Size
1,300 SF
Class
B
Property subtype
Office
Additional Details
HOA Fee
$380
Office Units
1
Building Details
Year Renovated
2026
Buildings
1
Stories
1
Units
1
Listing Agency:
Charter One Realty Bluffton
(843) 290-8121
Listed By:
Matthew Bradford · License #SC 63414
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 8:31AM
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 Charter One Realty Bluffton
Investment Insights
Based on property information with market context.
This 1,300-square-foot office unit at 29 Plantation Park Drive was renovated in 2026 and offers three offices, a reception area, a large conference room, a restroom, and kitchenette space. The improvements include new flooring, paint, lighting, a water heater, restroom fixtures, conference room doors, and added attic insulation.
The updated kitchenette features a refrigerator, cabinetry, and butcher block countertop. A separate coffee bar adds a quartz surface and built-in refrigerator. The conference room is finished with a chandelier, providing a distinct meeting area within the office layout.
The updated kitchenette features a refrigerator, cabinetry, and butcher block countertop. A separate coffee bar adds a quartz surface and built-in refrigerator. The conference room is finished with a chandelier, providing a distinct meeting area within the office layout.
Key Highlights
- 1,300‑square‑foot office unit at 29 Plantation Park Drive
- Renovated in 2026 with new flooring, paint, lighting, and water heater
- Three offices plus reception area and a large conference room
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
$17,901
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
3.67%
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%
$358,020
$358.0K
Cap Rate 7%
$255,729
$255.7K
Cap Rate 9%
$198,900
$198.9K
Market Conditions
NOI Build-Up for 1,300 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
$28.1K $21.60/SF
− Vacancy
−$4.2K −$3.24/SF
EGI
$23.9K $18.36/SF
− OpEx
−$6.0K −$4.59/SF
NOI
$17.9K $13.77/SF
Area
Beaufort County, SC
Vacancy
15.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$358,020
Cap Rate 7%
$255,729
Cap Rate 9%
$198,900
Alternative Uses
Best Use
Office B
$255.7K
$223.8K – $298.4K
NOI $17,901 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$392.2K
$343.2K – $457.6K
NOI $27,456 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Explore this area
Business Placement
Demographics for 29910, SC
49,140
Population
21,169
Households
2.3
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
104.4 sq mi
ZIP Area
471
Density / Sq Mi
$96,122
Median Household Income
$41,829
Median Earnings
$1,848
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three private offices, a reception area, conference room, restroom, and kitchenette create a practical multi-room layout.
Where is this office units located?
The property is located at 29 Plantation Park Drive Bluffton, SC.
What is the asking price?
The asking price for this property is $487,500.
What are key features of this property?
This property features: 1,300‑square‑foot office unit at 29 Plantation Park Drive; Renovated in 2026 with new flooring, paint, lighting, and water heater; Three offices plus reception area and a large conference room
