Brick Office Building with
For Sale
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1356 Filbert Hwy, York, SC 29745
Brick office building with private offices, lobby/showroom, and a vault on a major four-lane highway.
Property Size2,352 SF
Price / SF$467.69
Days on Market56
Property Features for 1356 Filbert Hwy
General Information
Standard status
Active
Size
2,352 SF
Property subtype
Office
Zoning
retail, office and outside sales uses including auto sales
Building Details
Year Built
1988
Year Renovated
2020
Buildings
1
Tenancy
Single
Listing Agency:
REID Real Estate
(803) 590-9510
Listed By:
Reid Smith · License #SC 27104
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 3:17PM
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 REID Real Estate
Investment Insights
Based on property information with market context.
This attractive brick office building was originally built in 1988 as a branch bank and includes a 2,352-square-foot interior area. The space is laid out with three private offices, two restrooms, and a breakroom with a sink, plus a large storage room. A sizable lobby or showroom area provides open space for client-facing use. The building also retains its vault, and a new metal roof was installed in 2020.
The property is located in the city limits of York, South Carolina, on a four-lane highway. Public remarks cite a South Carolina DOT traffic count of 11,900 vehicles per day in 2025 for the highway, with Filbert Highway (SC Hwy. 321) running along the front of the building. The site is described as 0.60 mile north of the intersection with Alexander Love Bypass, and the town of Clover is listed as 7.5 miles north. The property is served by town of York power, water, and waste services, with cable modem internet and phone services provided by Comporium.
Zoning supports retail, office, and outside sales uses, including auto sales, providing flexibility for a range of tenant types. With its bank-to-office configuration, client reception area, and existing specialized improvements like the vault, the building may be a strong fit for an office user or business that values straightforward access to a high-traffic corridor.
The property is located in the city limits of York, South Carolina, on a four-lane highway. Public remarks cite a South Carolina DOT traffic count of 11,900 vehicles per day in 2025 for the highway, with Filbert Highway (SC Hwy. 321) running along the front of the building. The site is described as 0.60 mile north of the intersection with Alexander Love Bypass, and the town of Clover is listed as 7.5 miles north. The property is served by town of York power, water, and waste services, with cable modem internet and phone services provided by Comporium.
Zoning supports retail, office, and outside sales uses, including auto sales, providing flexibility for a range of tenant types. With its bank-to-office configuration, client reception area, and existing specialized improvements like the vault, the building may be a strong fit for an office user or business that values straightforward access to a high-traffic corridor.
Key Highlights
- Brick office building originally built in 1988 with 2,352 SF interior space
- New metal roof installed in 2020
- Layout includes three private offices, large lobby/showroom, breakroom with sink, large storage room, and two restrooms
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
$31,338
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
2.85%
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%
$626,760
$626.8K
Cap Rate 7%
$447,686
$447.7K
Cap Rate 9%
$348,200
$348.2K
Market Conditions
NOI Build-Up for 2,352 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
$44.6K $18.96/SF
− Vacancy
−$2.8K −$1.19/SF
EGI
$41.8K $17.77/SF
− OpEx
−$10.4K −$4.44/SF
NOI
$31.3K $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%
$626,760
Cap Rate 7%
$447,686
Cap Rate 9%
$348,200
Alternative Uses
Best Use
Office B
$447.7K
$391.7K – $522.3K
NOI $31,338 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$553.1K
$484.0K – $645.3K
NOI $38,717 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 29745, SC
32,602
Population
13,765
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
135.8 sq mi
ZIP Area
240
Density / Sq Mi
$75,665
Median Household Income
$42,676
Median Earnings
$961
Median Rent
$242,200
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 - Brick office building with private offices, lobby/showroom, and a vault on a major four-lane highway.
Where is this office building located?
The property is located at 1356 Filbert Hwy York, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Brick office building originally built in 1988 with 2,352 SF interior space; New metal roof installed in 2020; Layout includes three private offices, large lobby/showroom, breakroom with sink, large storage room, and two restrooms
