Brick Office Building with
For Sale
$675,000
107 Congress Street S, York, SC 29745
COMMERCIAL - York, SC
Property Size1,800 SF
Lot Size0.64 Acres
Price / SF$375
Days on Market104
Property Features for 107 Congress Street S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
GI
Directions
Next to the new hotel in downtown York SC
Standard status
Active
APN
070-10-06-006
Lot size
0.64 Acres
Taxes and HOA fees
Tax Description
S CONGRESS ZENS BANK) NEAR COURT HOUSE
Legal Description
S CONGRESS ZENS BANK) NEAR COURT HOUSE
Building Details
Year built
1979
Listing Agency:
1 Source Property Management
(803) 250-1062
Listed By:
Christopher Newbern
(803) 866-9063
Added: May 4
Changed: Aug 4
Last Checked: Aug 15 at 10:06AM
MLS# 4377710
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.
Investment Insights
Based on property information with market context.
This solid brick office building offers a versatile interior layout designed for professional use. The space includes a large lobby/reception area, multiple private offices, a kitchenette, and private restrooms, along with an original bank vault that adds a distinctive, functional feature.
Located at 107 S. Congress St. in downtown York, the property is positioned for straightforward access to local amenities and is near the York County Courthouse.
The building is presented as an owner-use or investment opportunity, with the current configuration supporting a range of professional services. The interior layout and on-site amenities make it suitable for organizations that need a blend of reception space and private offices.
Located at 107 S. Congress St. in downtown York, the property is positioned for straightforward access to local amenities and is near the York County Courthouse.
The building is presented as an owner-use or investment opportunity, with the current configuration supporting a range of professional services. The interior layout and on-site amenities make it suitable for organizations that need a blend of reception space and private offices.
Key Highlights
- 1,800 SF solid brick office building built in 1979
- Located at 107 S. Congress St in downtown York, SC
- Open lobby/reception area plus multiple private offices
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
$23,983
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
3.55%
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%
$479,660
$479.7K
Cap Rate 7%
$342,614
$342.6K
Cap Rate 9%
$266,478
$266.5K
Market Conditions
NOI Build-Up for 1,800 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
$34.1K $18.96/SF
− Vacancy
−$2.2K −$1.19/SF
EGI
$32.0K $17.77/SF
− OpEx
−$8.0K −$4.44/SF
NOI
$24.0K $13.32/SF
Area
York County, SC
Vacancy
6.30%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$479,660
Cap Rate 7%
$342,614
Cap Rate 9%
$266,478
Alternative Uses
Best Use
Office B
$342.6K
$299.8K – $399.7K
NOI $23,983 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.3K
$370.4K – $493.8K
NOI $29,630 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
Explore this area
Business Placement
Demographics for 29745, SC
32,602
Population
13,765
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
135.8 sq mi
ZIP Area
240
Density / Sq Mi
$75,665
Median Household Income
$42,676
Median Earnings
$961
Median Rent
$242,200
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 building - Brick office building with lobby-reception, private offices, kitchenette, restrooms, and an original bank vault.
Where is this office building located?
The property is located at 107 Congress Street S York, SC.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1,800 SF solid brick office building built in 1979; Located at 107 S. Congress St in downtown York, SC; Open lobby/reception area plus multiple private offices
