870 William Hilton Pkwy Hilton Head Island, SC 29928-3423
This 32,128 square foot, two-story office building in Hilton Head Island, SC, presents a compelling value-add investment opportunity. Located on a 5.21-acre lot along the highly trafficked William Hilton Parkway (Route 278), this vacant property benefits from a low 4% local office vacancy rate, significantly below the national average. Built in 1996, the building is zoned for Light Commercial use and offers substantial potential for lease-up and expansion. The property's prime location within a thriving tourism destination, attracting over 2.5 million visitors annually, ensures strong long-term market demand. The existing building provides immediate income potential, while the ample land allows for future development, creating significant upside for the investor. This is a rare chance to acquire a well-situated asset in a high-demand market with considerable room for growth and value creation. The property's strategic location on a major thoroughfare, combined with the current market dynamics, makes this a highly attractive investment prospect. The opportunity to both stabilize the existing building and expand on the available land offers a unique blend of immediate and long-term return potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6615 · Hilton Head Island, SCHilton Head Island. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.