Two-Story Office
For Sale
$999,000
578 William Hilton Parkway, Hilton Head Island, SC 29928
Commercial, Hilton Head Island, SC
Property Size2,322 SF
Price / SF$430.23
Days on Market169
Property Features for 578 William Hilton Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Hilton Head Commercial
Standard status
Active
Listing Agency:
Howard Hanna Allen Tate Lowcountry (222) · Weichert
(843) 341-3700
Listed By:
Joe Ryan
(843) 422-1100
Added: May 14
Changed: Sep 29
Last Checked: Oct 29 at 10:06AM
MLS# 506973
Copyright © 2026 REsides, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story office property contains 2322 total square feet arranged around 8 offices and 2 bathrooms. The existing layout supports professional office occupancy and may also accommodate retail use, subject to applicable requirements. On-site parking is provided for approximately 8 vehicles.
The building is positioned along Highway 278 across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center occupies the adjacent building, creating an established commercial setting for the property.
The building is positioned along Highway 278 across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center occupies the adjacent building, creating an established commercial setting for the property.
Key Highlights
- 2322 total square feet in a two‑story office building
- 8 offices and 2 bathrooms
- 8 +- 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with multiple private offices, restrooms, and on-site parking near established commercial destinations.
Where is this office unit 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: 2322 total square feet in a two‑story office building; 8 offices and 2 bathrooms; 8 +- Parking spaces
