Open-Plan Flex Space with Locker
435 William Hilton Parkway #Z, Hilton Head Island, SC 29926
For Sale
Contact for pricing
Adaptable commercial premises include offices, showers, HVAC, and access to shared parking.
Property Size16,000 SF
Price / SF$0.00
Days on Market78
Property Features for 435 William Hilton Parkway #Z
General Information
Standard status
Size
Property subtype
Additional Details
Sprinkler System
Amenities
locker rooms and showers
private offices
DJ/media booth
meeting rooms
drop ceiling
FiveToTenAcres
RolledHotMop
Parcel Number: R511 008 000 0254 0000, Lot: Z
Concrete
CentralAir
ForcedAir
Listing ID: 512338, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial, Special Conditions: None
Construction Materials: Block, Steel
Subdivision: NORTHRIDGE, MLS Area (Major): Hilton Head Commercial, County/Parish: Beaufort
Water Source: Public
Listing Agency:
Charter One Realty
(843) 815-0055
Listed By:
Wayne Altavilla
(978) 375-4465
Source:
Blackstreaminternational
Added: Aug 24
Changed: Nov 8
Last Checked: Nov 8 at 6:51AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 435 William Hilton Parkway Unit Z on Hilton Head Island, this approximately 16,000 SF flex space offers a predominantly open interior that can accommodate a range of commercial configurations. Existing improvements include separate men’s and women’s locker rooms with showers, seven private offices, a DJ/media booth, and three large rooms suited to meetings or private events. The premises also feature an approximately 11-foot drop ceiling, fire sprinklers, and HVAC.
The property is beside Northridge Cinema 10 and shares an established shopping center with HomeGoods and Dollar Tree. Nearby portions of William Hilton Parkway carry approximately 29,400–34,200 vehicles per day. More than 300 shared parking spaces serve customers and employees, while additional signage may be available above the premises and along William Hilton Parkway, subject to required approvals. The storefront canopy roof is being replaced with metal roofing.
The property is beside Northridge Cinema 10 and shares an established shopping center with HomeGoods and Dollar Tree. Nearby portions of William Hilton Parkway carry approximately 29,400–34,200 vehicles per day. More than 300 shared parking spaces serve customers and employees, while additional signage may be available above the premises and along William Hilton Parkway, subject to required approvals. The storefront canopy roof is being replaced with metal roofing.
Key Highlights
- Approximately 16,000 SF of predominantly open flex space
- Seven private offices, locker rooms, showers, and a DJ/media booth
- Three large rooms for meetings or private events
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,760
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,200
$1.9M
Cap Rate 7%
$1,368,000
$1.4M
Cap Rate 9%
$1,064,000
$1.1M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$144.0K $9.00/SF
− Vacancy
−$7.2K −$0.45/SF
EGI
$136.8K $8.55/SF
− OpEx
−$41.0K −$2.56/SF
NOI
$95.8K $5.98/SF
Area
Beaufort County, SC
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,915,200
Cap Rate 7%
$1,368,000
Cap Rate 9%
$1,064,000
Alternative Uses
Best Use
Flex RnD
$4.10M
$3.59M – $4.78M
NOI $287,040 @ 7.0% cap
Second Best
Retail
$3.61M
$3.16M – $4.21M
NOI $252,672 @ 7.0% cap
Theoretical Best
Office A
$4.83M
$4.22M – $5.63M
NOI $337,920 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Balanced
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
Properties on Market for Flex space in Beaufort County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Chef Lynn Michelle, The East Coast Chef — 21 Mathews Dr, Hilton Head Island, SC 29926
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial premises include offices, showers, HVAC, and access to shared parking.
Where is this flex space located?
The property is located at 435 William Hilton Parkway #Z Hilton Head Island, SC.
What are key features of this property?
This property features: Approximately 16,000 SF of predominantly open flex space; Seven private offices, locker rooms, showers, and a DJ/media booth; Three large rooms for meetings or private events
