Two-Story Office
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386 Spanish Wells Rd, Hilton Head Island, SC 29926
Two-level office property with conference, reception, and storage areas.
Property Size2,175 SF
Price / SF$206.90
Days on Market3
Property Features for 386 Spanish Wells Rd
General Information
Standard status
Active
Size
2,175 SF
Property subtype
OFFICE
Building Details
Stories
2
Listing Agency:
NAI Carolina Chapter
(843) 384-6550
Listed By:
Walter Wilkins
(843) 384-6550
Source:
Moodyscre
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 7:59AM
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.
This 2,175-square-foot office building is arranged across two floors. The main level provides approximately 1,500 square feet with office areas, a conference room, reception space, and storage. The upper floor adds approximately 657 square feet of finished space.
The property is located at 386 Spanish Wells Rd in Hilton Head Island, South Carolina. Its multi-level configuration and combination of work, meeting, reception, and storage areas support a range of professional office layouts.
The property is located at 386 Spanish Wells Rd in Hilton Head Island, South Carolina. Its multi-level configuration and combination of work, meeting, reception, and storage areas support a range of professional office layouts.
Key Highlights
- 2,175 SF office building across two floors
- Approximately 1,500 SF on the first floor
- First floor includes office, conference, reception, and storage areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.0k | $21.60 |
| − Vacancy | −$7.0k | −$3.24 |
| EGI | $39.9k | $18.36 |
| − OpEx | −$10.0k | −$4.59 |
| NOI | $29.9k | $13.77 |
2,175 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$427.9K
$374.4K – $499.2K
NOI $29,950 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.2K
$574.2K – $765.6K
NOI $45,936 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Two-level office property with conference, reception, and storage areas.
Where is this office building located?
The property is located at 386 Spanish Wells Rd Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,175 SF office building across two floors; Approximately 1,500 SF on the first floor; First floor includes office, conference, reception, and storage areas
