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

    1041 Red Ventures Dr Fort Mill, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in Fort Mill, South Carolina.

    Type:OFFICE
    Property size:
    20,618 SF
    Lot size:
    4.06 Acres
    Added:
    Sep 22, 2023
    Days on Market:
    952
    Last Refresh:
    Apr 5 at 8:11 pm

    Property Features for 1041 Red Ventures Dr

    General Information

    Standard status
    Active
    Size
    20,618 SF
    Lot size
    4.06 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 1041 Red Ventures Dr Contact us

    We can help!

    Listing Contact
    Michael Bilodeau
    Michael Bilodeau

    Listing agent Michael Bilodeau

    Listing office MPV Properties

    Listing date Sep 22, 2023

    Source Moodyscre

    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 MPV Properties

    Overview

    Office Space in Fort Mill

    Available for lease is approximately 24,492 rentable square feet of office space, located within the 521 Corporate Center. Suite A offers 3,874 rentable square feet, while Suite B provides 20,618 rentable square feet and can be subdivided. The property benefits from excellent visibility due to its frontage on Highway 521. Its location offers immediate proximity to amenities in Ballantyne and South Charlotte. The property is situated in a first-class office park, providing a professional environment.
    Location Intelligence

    Current Use by Public Records

    ICC Group Engineering Consultant POWER Engineers, Inc. Electrical Engineer Red Ventures Dr. ... Corporate Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    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
    -80.8478
    Latitude
    35.0064

    Nearby Similar for Lease

    • $28 SF/Yr

      Finished Office Space For Rent

      Nicely finished office space in Fort Mill's Corporate Center.
      1057 Red Ventures Dr, Fort Mill, SC
      View Details
    • $28 SF/Yr

      Office Space in Fort Mill

      Office suites available in rapidly growing Lancaster County.
      1061 Red Ventures Dr, Fort Mill, SC
      View Details
    • $800/Mo

      Well-Appointed Executive Offices For Rent

      Executive offices for rent with highway frontage and convenient location.
      103-115 Stone Village Dr, Fort Mill, SC
      View Details
    • Contact for pricing

      Industrial Space in Fort Mill

      Available industrial space with dock doors and ample parking.
      3437 Stateview Boulevard, Fort Mill, SC, 29715
      View Details
    • $35 SF/Yr

      Retail Space on Hwy 160

      Retail space for rent with high traffic volume.
      1504 Carolina Place Dr, Fort Mill, SC
      View Details
    • $26 SF/Yr

      Office Space in High-Traffic Area

      Office space near Winthrop University and mixed-use development.
      222 Main Street, Fort Mill, SC
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      Neighborhood retail center in a rapidly growing area.
      1750 Highway 160 W, Fort Mill, SC 29708
      View Details
    • Contact for pricing

      Office Space on Highway 160

      Office space available for lease in Fort Mill, SC.
      122 Ben Casey Dr, Fort Mill, SC 29708
      View Details
    • $7 SF/Yr

      Warehouse Space in Professional Park

      129,500 SF warehouse space with ample parking.
      301 Crestmont Dr, Fort Mill, SC
      View Details
    • $28 SF/Yr

      Medical Office Space For Rent

      New construction medical office space with connection to hospital.
      986 Wellness Way, Fort Mill, SC
      View Details
    • $25 SF/Yr

      Office Space For Rent

      Office space available for lease in Fort Mill, SC.
      856 Gold Hill Rd, Fort Mill, SC
      View Details
    • Contact for pricing

      Retail Space in Fort Mill

      1,612 SF end cap retail space for lease.
      1135 Stonecrest Blvd, Fort Mill, SC
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available in Fort Mill, South Carolina.
    Where is this office units located?
    The property is located at 1041 Red Ventures Dr Fort Mill, SC.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: Excellent visibility with Highway 521 frontage; Immediate proximity to Ballantyne and south Charlotte amenities; Located in first class office park and professional environment
    (704) 561-5253 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Bilodeau
    Michael Bilodeau
    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!