Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2260 Cherry Rd Rock Hill, SC 29732

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,200,000

    24,058 SF flex building, fully rehabbed, high-traffic retail area.

    Property size:
    24,058 SF

    Property Features for 2260 Cherry Rd

    General Information

    Size
    24,058 SF

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Mark Mayfield
    Source: Svn-scre

    Listing Agent: Mark Mayfield

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rock Hill Flex Building

    This 24,058 square foot masonry flex building, fully gutted and rehabbed in 2022, is located in Rock Hill, South Carolina, less than 1 mile from Interstate 77 at Exit 82 and 8 miles south of Charlotte, NC city limits. The property offers modern functionality in a high traffic retail area. The location provides a dynamic setting with a thriving business community and diverse range of dining, shopping, and entertainment options. The property is zoned GC, allowing for retail and flex uses. The tenant operates 6 locations and has a 10 year absolute NNN leaseback with 2% annual rent increases and a below market lease rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -80.996132
    Latitude
    34.9656613

    Nearby Similar for Sale

    • $550,000
      0.34 Acres

      Rock Hill Multifamily Investment Opportunity

      Fully leased multifamily property near downtown Rock Hill with growth potential.
      205 Friedheim Rd, Rock Hill, SC 29730
      View Details
    • $1,500,000
      0.96 Acres

      Retail Building on Cherry Road

      Free-standing retail building with high visibility and traffic.
      2129 Cherry Rd, Rock Hill, SC 29732
      View Details
    • $242,500
      0.18 Acres

      Rock Hill Duplex Near Winthrop

      Duplex near Winthrop University, ideal for investors or owner-occupiers.
      401 Ebenezer Avenue Ext, Rock Hill, SC 29730
      View Details
    • $475,000
      1.26 Acres

      Rock Hill Office Building

      Completely renovated office building on 1.26 acres in Rock Hill.
      3217 Celanese Rd, Rock Hill, SC 29732
      View Details
    • $1,425,000
      6,000 SF

      Rock Hill Showroom/Retail Opportunity

      High-visibility showroom/retail property on 1.29 acres in Rock Hill.
      509 Anderson Rd N, Rock Hill, SC 29730
      View Details
    • $260,000
      0.17 Acres

      Updated Duplex in Rock Hill

      Two fully rented, updated properties in the heart of Rock Hill.
      412 Fewell St, Rock Hill, SC 29730
      View Details
    • $220,000
      0.22 Acres

      Rock Hill Multifamily Investment Opportunity

      Multifamily property near Winthrop University, Rock Hill, South Carolina.
      1027 College Avenue Ext, Rock Hill, SC 29732
      View Details
    • New
      $185,000
      Pending

      Rock Hill Duplex Investment Opportunity

      Two-unit multifamily property with rental income potential in Rock Hill.
      1233 Amelia Ave, Rock Hill, SC 29732
      View Details
    • Contact for pricing
      60,411 SF

      Class-A Industrial Facility For Sale

      Move-in ready, 60,411 RSF industrial facility in Rock Hill, SC.
      483 Lakeshore Pkwy, Rock Hill, SC 29730
      View Details
    • Contact for pricing
      50,924 SF

      Rock Hill Industrial Space Available

      50,924 SF industrial space near I-77, Rock Hill, SC.
      2675 David Hutchison Rd, Rock Hill, SC
      View Details
    • $520,000
      1,890 SF

      Rock Hill Commercial Property

      Commercial property in Rock Hill's business district near Winthrop University.
      242 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $4,900,000
      56,958 SF

      Restored Office/Retail Complex For Sale

      Three-building office/retail complex in Knowledge Park with upside potential.
      140-148 E Main St, Rock Hill, SC 29730
      View Details

    FAQs

    What type of property is this?
    Flex space - 24,058 SF flex building, fully rehabbed, high-traffic retail area.
    Where is this flex space located?
    The property is located at 2260 Cherry Rd Rock Hill, SC.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - 10-year absolute NNN leaseback with 2% annual rent increases provides stable, passive income.; - **Fully gutted and rehabbed in 2022** offers modern functionality and reduces near-term capital expenditure.; - **24,058 SF industrial/flex space** in a high-traffic retail area provides versatile usage options.
    (803) 325-1000
    Request Owner's contact information
    2260 Cherry Rd Rock Hill, SC 29732
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2260 Cherry Rd
    Rock Hill, SC 29732
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    2260 Cherry Rd Rock Hill, SC 29732
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Mayfield
    Real Estate License ID: SOUTHCAROLINA#18972
    (803) 325-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.