Rock Hill Retail
For Sale
Contact for pricing
2609 Celanese Rd, Rock Hill, SC
Former bank building with subdivision potential and ample parking.
Property Size12,180 SF
Lot Size1.82 Acres
Price / SF$402.30
Days on Market490
Property Features for 2609 Celanese Rd
General Information
Standard status
Active
Size
12,180 SF
Lot size
1.82 Acres
Property subtype
OFFICE
Listing Agency:
Warren Norman Company
Listed By:
Andrea Walters
(803) 366-8141
Source:
Moodyscre
Added: May 13, 2025
Changed: Jul 10
Last Checked: Sep 14 at 12:34PM
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 Warren Norman Company
Investment Insights
Based on property information with market context.
The property is a former TD bank building located in Rock Hill, fronting Celanese Road. The building is well-constructed and features an expansive parking lot. The entire building is available, and there is an option to subdivide the space. The property has a size of 12180 square feet.
Key Highlights
- Former TD bank building: High visibility and established location.
- Fronting Celanese Road: Prime location with high traffic flow.
- Expansive parking lot:** Ample parking for customers and employees.
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
$164,710
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
3.36%
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%
$3,294,200
$3.3M
Cap Rate 7%
$2,353,000
$2.4M
Cap Rate 9%
$1,830,111
$1.8M
Market Conditions
NOI Build-Up for 12,180 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
$244.1K $20.04/SF
− Vacancy
−$8.8K −$0.72/SF
EGI
$235.3K $19.32/SF
− OpEx
−$70.6K −$5.80/SF
NOI
$164.7K $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%
$3,294,200
Cap Rate 7%
$2,353,000
Cap Rate 9%
$1,830,111
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.75M
NOI $164,710 @ 7.0% cap · market cap 3.36%
Second Best
Specialty Retail
$2.34M
$2.05M – $2.73M
NOI $163,844 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$2.86M
$2.51M – $3.34M
NOI $200,498 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 32%
Groceries 32%
Harris Teeter
Groceries
33,901 visits/mo
0.3 miles
Hickory Tavern
Dining
11,935 visits/mo
0.1 miles
BP
Shops & Services
9,960 visits/mo
0.2 miles
Pet Supplies Plus
Shops & Services
9,900 visits/mo
0.3 miles
Wendy's
Dining
9,091 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Former bank building with subdivision potential and ample parking.
Where is this bank located?
The property is located at 2609 Celanese Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Former TD bank building: High visibility and established location.; Fronting Celanese Road: **Prime location with high traffic flow.**; Expansive parking lot:** Ample parking for customers and employees.
