Office Unit Near
For Sale
$649,500
101-852 Gold Hill Rd, Fort Mill, SC 29715
Functional commercial space includes private offices, a break area, storage, and two bathrooms.
Property Size1,853 SF
Price / SF$350.51
Days on Market129
Property Features for 101-852 Gold Hill Rd
General Information
Standard status
Active
Size
1,853 SF
Additional Details
Highway Access
Yes
Listing Agency:
Coldwell Banker Realty
(980) 999-0399
Listed By:
Nick Lancetti
(980) 999-0399
Source:
Exprealty
Added: Apr 13
Changed: Aug 18
Last Checked: Aug 18 at 1:37PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 1,853 SF office unit is arranged for practical daily operations, with two private offices, a large break and lunch area, a storage room, and two bathrooms. The existing configuration provides a combination of dedicated work areas and shared support space within a clean commercial setting.
Located on Gold Hill Road in Fort Mill, the property is just seconds from I-77. The surrounding area includes established retail, residential communities, and ongoing development. The space is positioned for office or retail occupancy and can accommodate professional services, boutique retail, or other business uses identified in the property information.
Located on Gold Hill Road in Fort Mill, the property is just seconds from I-77. The surrounding area includes established retail, residential communities, and ongoing development. The space is positioned for office or retail occupancy and can accommodate professional services, boutique retail, or other business uses identified in the property information.
Key Highlights
- 1,853 SF office unit on Gold Hill Road
- Two private offices and a large break/lunch area
- Dedicated storage room and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,058
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,160
$501.2K
Cap Rate 7%
$357,971
$358.0K
Cap Rate 9%
$278,422
$278.4K
Market Conditions
NOI Build-Up for 1,853 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.1K $20.04/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$35.8K $19.32/SF
− OpEx
−$10.7K −$5.80/SF
NOI
$25.1K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$501,160
Cap Rate 7%
$357,971
Cap Rate 9%
$278,422
Alternative Uses
Best Use
Retail
$358.0K
$313.2K – $417.6K
NOI $25,058 @ 7.0% cap · market cap 3.86%
Second Best
Office B
$352.7K
$308.6K – $411.5K
NOI $24,690 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$435.8K
$381.3K – $508.4K
NOI $30,503 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 29715, SC
41,491
Population
16,499
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
1,185
Density / Sq Mi
$111,323
Median Household Income
$57,483
Median Earnings
$1,491
Median Rent
$416,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Functional commercial space includes private offices, a break area, storage, and two bathrooms.
Where is this office units located?
The property is located at 101-852 Gold Hill Rd Fort Mill, SC.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: 1,853 SF office unit on Gold Hill Road; Two private offices and a large break/lunch area; Dedicated storage room and 2 bathrooms
