Renovated Full Office
For Sale
Contact for pricing
B-38 New Orleans Rd, Hilton Head Island, SC 29928
Full office building with numerous offices, recently renovated finishes, and multiple bathrooms per floor.
Property Size5,200 SF
Price / SF$0.00
Days on Market366
Property Features for B-38 New Orleans Rd
General Information
Standard status
Active
Size
5,200 SF
Listing Agency:
Howard Hanna Allen Tate Lowcountry
(843) 341-3700
Listed By:
Bob Jones · License #90767
(912) 230-7513
Source:
Exprealty
Added: Oct 23, 2025
Changed: Oct 7
Last Checked: Oct 23 at 1:33PM
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 full office building offers over 5,200 square feet of workspace configured with numerous offices. The property includes four bathrooms per floor and has recently been renovated, making it a strong option for an operator or tenant seeking an improved, ready-to-occupy layout.
The building is located on the south end of Hilton Head Island, in the heart of the area, with exposure onto New Orleans Road and William Hilton Parkway. Parking is described as plentiful, supporting convenient on-site access for visitors and staff.
Overall, the combination of office-focused interior configuration, recent renovations, and ample parking provides a practical setup for professional office use.
The building is located on the south end of Hilton Head Island, in the heart of the area, with exposure onto New Orleans Road and William Hilton Parkway. Parking is described as plentiful, supporting convenient on-site access for visitors and staff.
Overall, the combination of office-focused interior configuration, recent renovations, and ample parking provides a practical setup for professional office use.
Key Highlights
- Full office building with over 5,200 sq ft of space
- Numerous office rooms for flexible workspace layouts
- Recently renovated finishes throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,604
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,080
$1.4M
Cap Rate 7%
$1,022,914
$1.0M
Cap Rate 9%
$795,600
$795.6K
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$112.3K $21.60/SF
− Vacancy
−$16.8K −$3.24/SF
EGI
$95.5K $18.36/SF
− OpEx
−$23.9K −$4.59/SF
NOI
$71.6K $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%
$1,432,080
Cap Rate 7%
$1,022,914
Cap Rate 9%
$795,600
Alternative Uses
Best Use
Office B
$1.02M
$895.1K – $1.19M
NOI $71,604 @ 7.0% cap · market cap 397,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,824 @ 7.0% cap · market cap 610,133.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
936
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 - Full office building with numerous offices, recently renovated finishes, and multiple bathrooms per floor.
Where is this office building located?
The property is located at B-38 New Orleans Rd Hilton Head Island, SC.
What are key features of this property?
This property features: Full office building with over 5,200 sq ft of space; Numerous office rooms for flexible workspace layouts; Recently renovated finishes throughout
