Two-Story Office Building
5 Dunmore Ct, Hilton Head Island, SC 29926
Two-story office building with three condominium suites for sale.
Type:Office
Property size:
9,600 SFPrice / SF:
$203/SF- Added:
- May 13, 2024
- Days on Market:
- 751
- Last Refresh:
- May 12 at 9:04 pm
Property Features for 5 Dunmore Ct
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agent Tom DeMint CCIM License #SC 8142
Listing office SVN | GASC Hilton Head Island
Listing date May 13, 2024
Source Crexi
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 SVN | GASC Hilton Head Island
HighLights
- Three condominium suites totaling approximately 9,600 SF.
- Includes multiple offices, conference rooms, reception areas, restrooms, and kitchenettes across all suites.
- Suite 200 features a large open area with workstations and a library.
- Currently leased to a school, providing potential income until April 30, 2025.
- Suite 100 offers 14 individual offices.
- Built in 1999.
Overview
The property is a two-story office building comprising three condominium suites. Suite 100, located on the first floor, offers approximately 4,800 square feet, including a reception area, fourteen offices, two restrooms, a kitchenette, a conference room, an equipment room, and a storage room. Suite 200, situated on the second floor, provides approximately 3,760 square feet, featuring a reception area, three individual offices, two restrooms, a kitchenette, a conference room, a large open area with workstations, a library, an equipment room, and a storage room. Suite 300, also on the second floor, consists of approximately 1,040 square feet and includes a reception area, three individual offices, one restroom, a kitchenette, and a conference room. The building, with a total size of 9,600 square feet, is currently utilized as a school, with the lease expiring on April 30, 2025. The three condominium suites are not separated with the current use.
Local Financial Insights For Office B
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 | $207.4k | $21.60 |
| − Vacancy | −$31.1k | −$3.24 |
| EGI | $176.3k | $18.36 |
| − OpEx | −$44.1k | −$4.59 |
| NOI | $132.2k | $13.77 |
9,600 SF · lease $21.60/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $132,192 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,752 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
The Island Academy of Hilton ...
High School
FedEx Drop Box
Postal Service
Location Insight
- Map
- Local Demand
- City
- Hilton Head Island
- County
- Beaufort
- State
- South Carolina
- Longitude
- -80.7202207
- Latitude
- 32.2126011
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building with three condominium suites for sale.
Where is this office building located?
The property is located at 5 Dunmore Ct Hilton Head Island, SC.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Three condominium suites totaling approximately 9,600 SF.; Includes multiple offices, conference rooms, reception areas, restrooms, and kitchenettes across all suites.; Suite 200 features a large open area with workstations and a library.
