Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 Academy Street Fort Mill, SC 29715

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Office space in downtown Fort Mill, SC, with good parking.

    Type:Office
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 2 at 12:37 am

    Property Features for 118 Academy Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    We can help!

    Listing Contact
    Randy Graham
    Randy Graham

    Listing agent Randy Graham License #11640

    Listing office SVN | Southern Commercial

    Listing date Nov 21, 2025

    Source Svn-scre

    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 SVN | Southern Commercial

    Overview

    Downtown Fort Mill Office Space

    This office space is centrally located in Downtown Fort Mill, South Carolina, offering convenient parking and walk-up entry. Suite 103, measuring 480 square feet, will be available starting August 1, 2025. Previously a hair salon, Suite 103 features an open layout and an ADA-compliant bathroom. The property is situated one block from Main Street and Highway 160, a major route to Highway 521 and the Ballantyne area. Fort Mill is located near Carowinds Amusement Park and approximately 15 minutes south of Charlotte, North Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spray Beauty Bar Tanning Salon The Studios@LOOM Coworking & Hybrid Office Senior Helpers Home Health Care Service Crown Town Frose ... Specialty Food Shop Ann's Photography Photography Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.9438
    Latitude
    35.0062

    Nearby Similar for Sale

    • $2,500,000
      13,332 SF

      Fort Mill Flex Building Opportunity

      13,332 SF flex building in high-demand Fort Mill market.
      330-344 Springhill Farm Rd, Fort Mill, SC 29715
      View Details
    • $6,821,578
      3,479 SF

      Prime Corner Retail Opportunity

      Retail property in high-traffic location near Charlotte.
      3085 Highway 160 W, Fort Mill, SC
      View Details
    • $23
      17,385 SF

      Class A Office/Retail Building

      Class A office/retail building in the heart of Fort Mill.
      111 Clebourne Street, Fort Mill, SC 29715
      View Details
    • $28
      1,265 SF

      Office Condo in Fort Mill

      1,265 SF office condo in well-located Fort Mill development.
      238 Rockmont Drive, Fort Mill, SC 29708
      View Details
    • $28
      1,265 SF

      Office Condo in Fort Mill

      1,265 SF office condo in well-located Fort Mill development.
      238 Rockmont Drive, Fort Mill, SC 29708
      View Details
    • $215,000
      625 SF

      Tega Cay Office Condominium

      625 SF office condo in Gold Hill Commerce Park.
      852 Gold Hill Road, Suite 102, Fort Mill, SC 29708
      View Details
    • $3,750,000

      Lakemont Business Park Industrial Building

      21,072 SF industrial building in Fort Mill, SC.
      3480 Lakemont Blvd, Fort Mill, SC
      View Details
    • $5,307,000
      3,860 SF

      Retail Space For Sale

      Retail space available for purchase, offering a 5.35% CAP rate.
      2020 Dobys Bridge Rd, Fort Mill, SC 29715
      View Details
    • $11,615,750
      92,926 SF

      Versatile Fort Mill Commercial Property

      92,926 SF mixed-use property near Ballantyne with expansion potential.
      11632 Harrisburg Rd, Fort Mill, SC 29707
      View Details
    • $1,200,000
      3,000 SF

      Shell Office Condo For Rent

      Office condo for rent on Highway 160.
      2538 SC-160 , Fort Mill, SC
      View Details
    • $965,000
      2,301 SF

      Commercial Building Near Regent Park

      2,301 sqft commercial building on 2.25 acres for sale.
      130 Heritage Boulevard, Fort Mill, SC 29715
      View Details
    • $4,000,000
      8,600 SF

      Restaurant and Retail Investment Opportunity

      Retail property with established tenants near Carowinds.
      917 Cabelas Dr, Fort Mill, SC
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in downtown Fort Mill, SC, with good parking.
    Where is this office units located?
    The property is located at 118 Academy Street Fort Mill, SC.
    What are key features of this property?
    This property features: Central Downtown Fort Mill location, one block from Main Street and Hwy 160.; Good parking with walk‑up entry.; Suite 103 is 480 SF and available 8/1/2025.
    (803) 325-1000
    We can help!
    Listing Contact
    Randy Graham
    Randy Graham
    Real Estate License ID: 11640
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!