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Property profile & analytics
OFF-MARKET
Medical Office Space

35 Bill Fries Dr Bldg A Hilton Head Island, SC 29926-2731

3,176 SF 1 ac lot Built 1981
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US77-1069175
Property summary
AI-generated overview

This exceptional 3,100 square foot medical office condo, situated at 35 Bill Fries Dr, Hilton Head Island, SC 29926, presents a unique owner-user investment opportunity. Located in the Island Medical Plaza - Building C, this Class C property boasts a convenient location near Hilton Head Hospital. Originally built in 1984 and renovated in 2017, the building features two stories and comprises a single unit within a single building. The property is currently owner-occupied, with the owner relocating, making this a seamless transition for a new healthcare professional. The approximately 2,000 square feet of ground floor space offers ample room for operations. The zoning is designated as Professional, ensuring suitability for various medical practices. The asking price is $626,900, translating to $202.23 per square foot. The net rentable area is 3,100 square feet. While the current occupant is the owner, single-occupancy approval by the association is required, and the occupancy must be healthcare-related. Seller financing is a possibility. The property is offered for sale by owner and is held under an LLC. The anticipated occupancy date for a new owner is January 1, 2025. Please review the original floor plan (available in the provided documents) as modifications have been made to the layout. This is a well-maintained property representing a strong investment in a desirable location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1981
Total area 3,176 SF
Lot 1 ac (43,560 SF)
Zoning code 6615
APN R510 008 000 103C 0004
UPID US77-1069175
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hilton Head Oral/Maxillofacial: Fader Lynn B DDS Dental Office
  • Island Medical Plaza Medical Clinic
  • Ocean Dental Dental Office
  • Dr. Robert S. Jones Sr, DMD Dental Office
  • Charlie Frangos Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Imp-c LLC · 9 yrs held
Imp-c LLC
since 2017
5 recorded transactions
2017
$167,500
2016
Price N/A
2012
$105,000
2011
Price N/A
2005
$295,000
Zoning & alternative use
6615 · Hilton Head Island, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source land management ordinance
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