Two-Story Office
For Sale
$999,000
578 William Hilton Parkway #2, Hilton Head Island, SC 29928
The building offers a professional layout with potential for retail use.
Property Size2,322 SF
Price / SF$430.23
Days on Market28
Property Features for 578 William Hilton Parkway #2
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Property Use
Office
Building Details
Year Built
2003
Buildings
1
Stories
2
Building Size
2,322 SF
Listing Agency:
Serhant
(843) 368-2935
Listed By:
Robert Thomas Jones · License #90767
(843) 422-6428
Source:
Seabassproperties
Added: Oct 5
Changed: Nov 1
Last Checked: Nov 1 at 1:41AM
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 Serhant
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 and was built in 2003. It is currently occupied by a rental company planning to relocate to a smaller space at the end of summer. The existing office configuration may also accommodate retail use.
The property is on William Hilton Parkway, across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center occupies the adjacent building.
The property is on William Hilton Parkway, across from Adventure Cove and Nala's Beach Restaurant. Darling Eye Center occupies the adjacent building.
Key Highlights
- 2,322 square feet across two stories
- Built in 2003
- Currently used as offices; the existing occupant plans to move to a smaller space at summer’s end
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
Current Use
Lease Details
Yes
Highway 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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The building offers a professional layout with potential for retail use.
Where is this office building located?
The property is located at 578 William Hilton Parkway #2 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; Built in 2003; Currently used as offices; the existing occupant plans to move to a smaller space at summer’s end
