Freestanding Office Building with Corner
For Sale
Contact for pricing
362 Oakland Ave, Rock Hill, SC 29730
Freestanding office building with a corner position and convenient access at a signalized intersection.
Property Size1,500 SF
Price / SF$400
Days on Market138
Property Features for 362 Oakland Ave
General Information
Standard status
Active
Size
1,500 SF
Property subtype
OFFICE
Additional Details
Asking Price
$600,000
Road Access
Yes
Building Details
Buildings
1
Building Size
1,500 SF
Listing Agency:
SVN | Southern Commercial
(803) 325-1000
Listed By:
Mark Mayfield, CCIM, CPM, SEC
Source:
Moodyscre
Added: Apr 23
Changed: Aug 8
Last Checked: Sep 7 at 7:46AM
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
Investment Insights
Based on property information with market context.
This freestanding office building offers 1,500 SF of space at 362 Oakland Ave in Rock Hill, SC. The property is positioned as a corner site with easy access at a signalized intersection, supporting straightforward customer and staff arrival. Substantial on-site parking is available for visitors and employees.
The building sits in the Oakland Ave corridor and is suitable for office users seeking visible, accessible space. It may also fit retail or professional and medical office users based on its location and access characteristics.
The configuration and site features are designed for daily operations where parking convenience and intersection access matter.
The building sits in the Oakland Ave corridor and is suitable for office users seeking visible, accessible space. It may also fit retail or professional and medical office users based on its location and access characteristics.
The configuration and site features are designed for daily operations where parking convenience and intersection access matter.
Key Highlights
- 1,500 SF freestanding office building at 362 Oakland Ave, Rock Hill, SC
- Corner site with easy access at a signalized intersection
- Substantial parking available
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
$19,986
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
3.33%
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%
$399,720
$399.7K
Cap Rate 7%
$285,514
$285.5K
Cap Rate 9%
$222,067
$222.1K
Market Conditions
NOI Build-Up for 1,500 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
$28.4K $18.96/SF
− Vacancy
−$1.8K −$1.19/SF
EGI
$26.6K $17.77/SF
− OpEx
−$6.7K −$4.44/SF
NOI
$20.0K $13.32/SF
Area
York County, SC
Vacancy
6.30%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$399,720
Cap Rate 7%
$285,514
Cap Rate 9%
$222,067
Alternative Uses
Best Use
Office B
$285.5K
$249.8K – $333.1K
NOI $19,986 @ 7.0% cap · market cap 3.33%
Second Best
Healthcare Medical
$230.6K
$201.8K – $269.0K
NOI $16,142 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$352.7K
$308.7K – $411.5K
NOI $24,692 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
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?
Office building - Freestanding office building with a corner position and convenient access at a signalized intersection.
Where is this office building located?
The property is located at 362 Oakland Ave Rock Hill, SC.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,500 SF freestanding office building at 362 Oakland Ave, Rock Hill, SC; Corner site with easy access at a signalized intersection; Substantial parking available
