Two-Story Office and Retail
578 William Hilton Pkwy Hilton Head Island, SC 29928
578 William Hilton Pkwy, Hilton Head Island, SC, 29928
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For Sale
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Two-story building with 2,322 total square feet currently operating as office space and suitable for professional or retail use.
Property Size2,322 SF
Price / SF$430.23
Days on Market87
Property Features for 578 William Hilton Pkwy
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Property subtype
- Retail
Listing agency
Howard Hanna Allen Tate Real Estate
Listed by
Joe Ryan · License #SC
Source
Crexi
Added: Apr 27 Updated: Jul 21 at 3:20AM Checked: Jul 22 at 10:41AM
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 Real Estate
Investment Insights
Based on property information with market context.
This two-story commercial building totals 2,322 square feet and is currently being used as offices by a rental company. The space configuration can support professional uses and may also accommodate retail uses, depending on a buyer’s buildout and layout needs.
Located on Highway 278 in Mid-Island, the property sits across from Adventure Cove and Nala’s Beach Restaurant. An adjacent building is Darling Eye Center.
With its existing office use and flexible potential for other commercial formats, the building offers a straightforward opportunity for an owner-occupant or tenant seeking a Midtown-area two-story facility along Highway 278.
Located on Highway 278 in Mid-Island, the property sits across from Adventure Cove and Nala’s Beach Restaurant. An adjacent building is Darling Eye Center.
With its existing office use and flexible potential for other commercial formats, the building offers a straightforward opportunity for an owner-occupant or tenant seeking a Midtown-area two-story facility along Highway 278.
Key Highlights
- 2,322 total SF two‑story building across from Adventure Cove and Nala's Beach Restaurant
- Currently operating as office space for a rental company
- Offices may suit professional or possibly retail use
Local Financial Insights For Retail
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 | $55.7k | $24.00 |
| − Vacancy | −$3.3k | −$1.44 |
| EGI | $52.4k | $22.56 |
| − OpEx | −$15.7k | −$6.77 |
| NOI | $36.7k | $15.79 |
2,322 SF · lease $24.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$523.8K
$458.4K – $611.2K
NOI $36,669 @ 7.0% cap · market cap 3.67%
Second Best
Office B
$456.8K
$399.7K – $532.9K
NOI $31,974 @ 7.0% cap · market cap 3.20%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hilton Head Retreats
Vacation Rental
Hilton Head Golf ...
Travel Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-story building with 2,322 total square feet currently operating as office space and suitable for professional or retail use.
Where is this office units located?
The property is located at 578 William Hilton Pkwy 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 total SF two‑story building across from Adventure Cove and Nala's Beach Restaurant; Currently operating as office space for a rental company; Offices may suit professional or possibly retail use
