Two-Story Office
New
For Sale
$999,000
578 William Hilton Parkway, Hilton Head Island, SC 29928
An eight-office layout includes two bathrooms and approximately eight parking spaces.
Property Size2,322 SF
Price / SF$430.23
Days on Market4
Property Features for 578 William Hilton Parkway
General Information
Standard status
Active
Size
2,322 SF
Total Parking Spaces
8
Property subtype
Building
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Tenant in Place
Yes
Property Use
Office
Building Details
Buildings
1
Stories
2
Building Size
2,322 SF
Tenancy
Single
Listing Agency:
Howard Hanna Allen Tate Lowcountry
Listed By:
Joe Ryan
(843) 422-1100
Source:
Coastwardrealty
Added: Oct 26
Last Checked: Oct 26 at 3:41PM
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 Howard Hanna Allen Tate Lowcountry
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building contains 2,322 square feet, with eight offices and two bathrooms. It is currently used as offices by a rental company planning to relocate to a smaller space at the end of summer. The layout may also accommodate professional or retail use.
The property is on William Hilton Parkway, across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center is in the adjacent building.
The property is on William Hilton Parkway, across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center is in the adjacent building.
Key Highlights
- 2,322 square feet across two stories
- Eight offices and two bathrooms
- Approximately eight parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,974
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$639,480
$639.5K
Cap Rate 7%
$456,771
$456.8K
Cap Rate 9%
$355,267
$355.3K
Market Conditions
NOI Build-Up for 2,322 SF
Gross rent
$50.2K $21.60/SF
− Vacancy
−$7.5K −$3.24/SF
EGI
$42.6K $18.36/SF
− OpEx
−$10.7K −$4.59/SF
NOI
$32.0K $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 Rate 5%
$639,480
Cap Rate 7%
$456,771
Cap Rate 9%
$355,267
Alternative Uses
Best Use
Office B
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$700.6K
$613.0K – $817.4K
NOI $49,041 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Explore this area
Business Placement
Demographics for 29928, SC
15,538
Population
19,204
Households
0.8
Avg Household Size
63
Median Age
63%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
751
Density / Sq Mi
$97,979
Median Household Income
$46,798
Median Earnings
$1,806
Median Rent
$776,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An eight-office layout includes two bathrooms and approximately eight parking spaces.
Where is this office building located?
The property is located at 578 William Hilton Parkway Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 2,322 square feet across two stories; Eight offices and two bathrooms; Approximately eight parking spaces
