Fort Mill Commercial Buildings
For Sale
Contact for pricing
124 Main St. & 106 Confederate St., Fort Mill, SC 29715
Two commercial buildings totaling 3,075 SF on 87,120 SF land.
Property Size3,075 SF
Lot Size2.00 Acres
Price / SF$390.24
Days on Market171
Property Features for 124 Main St. & 106 Confederate St.
General Information
Standard status
Active
Size
3,075 SF
Lot size
2.00 Acres
Property subtype
Land, Office, Retail
Zoning
LC
Building Details
Year Built
2000
Buildings
2
Stories
1
Units
2
Listing Agency:
Regent Commercial Real Estate
(704) 910-9518
Listed By:
Brian Smith · License #NC 270734
Source:
Crexi
Added: Mar 12
Changed: Aug 15
Last Checked: Aug 28 at 9:25PM
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 Regent Commercial Real Estate
Investment Insights
Based on property information with market context.
Two commercial buildings are available in Fort Mill. The first property, constructed in 2000, is a 675-square-foot building situated on a 43,560-square-foot parcel. It features solid construction and an efficient layout suitable for small office or retail use. The second property, built in 2012, offers 2,400 square feet of space on a 43,560-square-foot parcel, providing ample square footage for various commercial applications. Combined, the two buildings provide 3,075 square feet of space on 87,120 square feet of land. Zoned Special Commercial (LC), both properties are located in an established commercial district, offering visibility, accessibility, and long-term growth potential. This package is suitable for investors or owner-users seeking expansion.
Key Highlights
- Two commercial buildings totaling ±3,075 SF on ±87,120 SF of land in Fort Mill.
- Zoned Special Commercial (LC) offering versatile commercial use.
- Located in a well‑established commercial district with high visibility and accessibility.
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
$41,583
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
3.47%
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%
$831,660
$831.7K
Cap Rate 7%
$594,043
$594.0K
Cap Rate 9%
$462,033
$462.0K
Market Conditions
NOI Build-Up for 3,075 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
$61.6K $20.04/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$59.4K $19.32/SF
− OpEx
−$17.8K −$5.80/SF
NOI
$41.6K $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%
$831,660
Cap Rate 7%
$594,043
Cap Rate 9%
$462,033
Alternative Uses
Best Use
Retail
$594.0K
$519.8K – $693.1K
NOI $41,583 @ 7.0% cap · market cap 3.47%
Second Best
Office B
$585.3K
$512.2K – $682.9K
NOI $40,972 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$723.1K
$632.7K – $843.6K
NOI $50,618 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 29715, SC
41,491
Population
16,499
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
1,185
Density / Sq Mi
$111,323
Median Household Income
$57,483
Median Earnings
$1,491
Median Rent
$416,100
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?
Retail space - Two commercial buildings totaling 3,075 SF on 87,120 SF land.
Where is this retail space located?
The property is located at 124 Main St. & 106 Confederate St. Fort Mill, SC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two commercial buildings totaling ±3,075 SF on ±87,120 SF of land in Fort Mill.; Zoned Special Commercial (LC) offering versatile commercial use.; Located in a well‑established commercial district with high visibility and accessibility.
