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    Rock Hill Medical Office Space Title is generated by Realmo AI

    744 Arden Lane, Rock Hill, SC 29732

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    Claim this Listing
    For Lease
    $2,600 /Mo

    COMMERCIAL - Rock Hill, SC

    Lot size:
    1.06 Acres
    Added:
    Feb 5, 2024
    Days on Market:
    834
    Last Refresh:
    May 19 at 11:06 am

    Property Features for 744 Arden Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    PUD
    Standard status
    Active
    APN
    5940906286
    Lot size
    1.06 Acres

    Taxes and HOA fees

    Tax Description
    SUITE 250 HUNTER AT MILLWOOD OFFICE CONDO

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Bryan Tan
    Bryan Tan

    Listing agent Bryan Tan

    Listing office U Realty 10021 Park Cedar Dr NO. 100, Charlotte, SC

    Listing date Feb 5, 2024

    MLS# 4100012 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Situated in the heart of Rock Hill's medical center, adjacent to Piedmont Medical Center.
    • Move‑In Ready: Furnishings and equipment available for immediate medical office use.
    • Functional Layout: Includes open waiting room, private offices, and multiple clinical rooms.
    • Versatile Exam Rooms: Adaptable exam rooms suitable for various medical specialties.
    • Executive Offices: Two private executive offices for administrative tasks.
    • Modified Gross Lease: $2600/month, includes tax, insurance, and POA dues.

    Overview

    This move-in ready facility is suitable for medical office use and includes some furnishings and equipment. The layout features an open waiting room, private semi-furnished offices, and multiple clinical rooms. Located in the heart of Rock Hill's medical center, the property is next to Piedmont Medical Center, a major hospital. The spacious waiting area provides a comfortable environment for patients upon arrival. Adaptable exam rooms can be customized for various medical specialties. Two executive offices offer privacy and space. A separate entrance ensures patient privacy and streamlines foot traffic. The property is suitable for office or medical use. The lease type is modified gross with a rent rate of $2600 per month, including tax, insurance, and POA dues. The tenant is responsible for the difference on any future increase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Millwood Family and Cosmetic ... Dental Office Mc Laughlin Laura ... Dental Office West Life and Health ... Insurance Agency Myo Marlar Nwe Physician King Wealth Partners Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Your Carolina Home Team — 2121 Ebenezer Rd, Rock Hill, SC 29732

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.0433892
    Latitude
    34.9604752

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in ready medical office space near Piedmont Medical Center.
    Where is this medical office space located?
    The property is located at 744 Arden Lane Rock Hill, SC.
    What is the lease rate?
    The lease rate is $2,600 /Mo.
    What are key features of this property?
    This property features: Prime Location: Situated in the heart of Rock Hill's medical center, adjacent to Piedmont Medical Center.; Move‑In Ready: Furnishings and equipment available for immediate medical office use.; Functional Layout: Includes open waiting room, private offices, and multiple clinical rooms.
    (704) 724-8703
    We can help!
    Listing Contact
    Bryan Tan
    Bryan Tan
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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