Brick Office Building with
For Sale
$1,100,000
1356 Filbert Hwy, York, SC 29745
SINGLE_FAMILY - York, SC
Property Size2,352 SF
Lot Size1.00 Acre
Price / SF$467.69
Days on Market50
Property Features for 1356 Filbert Hwy
General Information
Property type
Residential
Property subtype
Office
Zoning description
GC
Standard status
Active
APN
0702301008
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
0702301008
Legal Description
0702301008
Building Details
Year built
1988
Listing Agency:
Reid Real Estate Company
(803) 417-7516
Listed By:
Reid Smith · License #27104
(803) 417-7516
Added: Jun 23
Changed: Jul 27
Last Checked: Aug 11 at 12:06PM
MLS# 4396555
Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Very attractive brick office building originally built in 1988 as a branch bank. The property includes approximately 2,352 sq. ft. of interior space with a large lobby or showroom area, three private offices, two restrooms, a breakroom with a sink, and a large storage room. A vault remains in place, and a new metal roof was installed in 2020. A combo lock box is available, and the listing broker should be contacted to schedule showings.
The building is located on a 4-lane highway. A 2025 SC DOT traffic count reports 11,900 vehicles per day.
The interior layout supports professional office use with defined private offices alongside a reception-style lobby or showroom area, with the remaining amenities arranged to support day-to-day operations.
The building is located on a 4-lane highway. A 2025 SC DOT traffic count reports 11,900 vehicles per day.
The interior layout supports professional office use with defined private offices alongside a reception-style lobby or showroom area, with the remaining amenities arranged to support day-to-day operations.
Key Highlights
- Brick office building built in 1988; total interior space of 2,352 SF
- New metal roof installed in 2020
- Layout includes a large lobby/showroom, three private offices, breakroom with sink, and large storage room
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
$31,806
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
2.89%
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%
$636,120
$636.1K
Cap Rate 7%
$454,371
$454.4K
Cap Rate 9%
$353,400
$353.4K
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
$47.1K $20.04/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$45.4K $19.32/SF
− OpEx
−$13.6K −$5.80/SF
NOI
$31.8K $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%
$636,120
Cap Rate 7%
$454,371
Cap Rate 9%
$353,400
Alternative Uses
Best Use
Retail
$454.4K
$397.6K – $530.1K
NOI $31,806 @ 7.0% cap · market cap 2.89%
Second Best
Specialty Retail
$452.0K
$395.5K – $527.3K
NOI $31,639 @ 7.0% cap · market cap 2.88%
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
Lease Details
11,900 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick office building with three private offices, two restrooms, breakroom, and vault, updated with a 2020 metal roof.
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 built in 1988; total interior space of 2,352 SF; New metal roof installed in 2020; Layout includes a large lobby/showroom, three private offices, breakroom with sink, and large storage room
