Building Details

Buildings 1

Units 1

Listing Agency: Charter One Realty Bluffton

Listed By: Matthew Bradford · License #SC 63414 Show Phone

Source: Crexi

Added: Jul 7 Changed: Aug 8 Last Checked: Aug 5 at 4:44AM

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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.

A medical office suite is available within Okatie Center. The space is offered for sale as a defined suite, positioned to serve professional healthcare needs.

The property is located just off Hwy 170 in Okatie, near the Hwy 278 interchange, providing convenient access for patients and staff.

Offered at Okatie Center Boulevard South, the suite totals 3,075 square feet and is available for sale.

Key Highlights

• Medical office suite available in Okatie Center
• Located just off Hwy 170 in Okatie near the Hwy 278 interchange

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

$49,538

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

5.21%

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%

$990,760 $990.8K

Cap Rate 7%

$707,686 $707.7K

Cap Rate 9%

$550,422 $550.4K

Market Conditions

NOI Build-Up for 3,075 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

$92.3K $30.00/SF

− Vacancy

−$9.7K −$3.15/SF

EGI

$82.6K $26.85/SF

− OpEx

−$33.0K −$10.74/SF

NOI

$49.5K $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 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%

$990,760

Cap Rate 7%

$707,686

Cap Rate 9%

$550,422

Alternative Uses

Best Use

Healthcare Medical

$707.7K

$619.2K – $825.6K (±1% cap)

NOI $49,538 @ 7.0% cap · market cap 5.21%

Second Best

Office B

$604.9K

$529.3K – $705.7K (±1% cap)

NOI $42,343 @ 7.0% cap · market cap 4.46%

Theoretical Best

Office A

$927.8K

$811.8K – $1.08M (±1% cap)

NOI $64,944 @ 7.0% cap · market cap 6.84%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Palmetto Pediatrics of the Lowcountry Pediatrician Hilton Head Dermatology ... Physician Georgia Eye Institute Physician Hilton Head Dermatology ... Physician Dr. Matthew S. ... Ophthalmologist

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

613

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 29909, SC

23,621

Population

12,635

Households

1.9

Avg Household Size

68

Median Age

50%

College-Educated

98%

High-School Grad

55.7 sq mi

ZIP Area

424

Density / Sq Mi

$91,376

Median Household Income

$41,740

Median Earnings

$2,174

Median Rent

$416,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Hilton Head Veterinary Clinics: Dixon Kirk DVM — 200 Okatie Village Dr # 104, Okatie, SC 29909, United States

Frequently Asked Questions

What type of property is this?

Medical Office Space - Medical office suite available in Okatie Center, located just off Hwy 170 near the Hwy 278 interchange.

Where is this medical office space located?

The property is located at 4 Okatie Center Boulevard South Okatie, SC.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Medical office suite available in Okatie Center; Located just off Hwy 170 in Okatie near the Hwy 278 interchange