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Property profile & analytics
OFF-MARKET Estimated value $4,060,000
Office buildings

870 William Hilton Pkwy Hilton Head Island, SC 29928-3423

31,172 SF 5.21 ac lot Built 1996
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US77-0273317
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1996
Total area 31,172 SF
Lot 5.21 ac (226,948 SF)
Zoning code 6615
APN R550 011 000 138B 0000
UPID US77-0273317
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.65M
Blend (final) Blend
$4.06M
Owner & transaction history
Msp Hilton Head Mf LLC · 3 yrs held
Msp Hilton Head Mf LLC
since 2022
Last sale
$3.5M
7 recorded transactions
2022
$3.5M
2022
Price N/A
2016
Price N/A
2007
Price N/A
2007
$12.1M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
6615 · Hilton Head Island, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $5.0M +6.3%
Apartment house (5+ units) $5.0M +5.5%
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