Warehouse with Open Industrial
For Sale
Contact for pricing
1365 Main St W, Rock Hill, SC 29732
Open industrial space supports manufacturing, warehousing, and distribution with quick access to I-77 and Route 21.
Property Size12,700 SF
Price / SF$145.67
Days on Market221
Property Features for 1365 Main St W
General Information
Standard status
Active
Size
12,700 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
The Nichols Company
(704) 373-9797
Listed By:
Lauren Bremer · License #320844
(980) 226-6911
Source:
Moodyscre
Added: Feb 5
Changed: Sep 2
Last Checked: Sep 13 at 11:43AM
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 The Nichols Company
Investment Insights
Based on property information with market context.
±12,700 SF of open industrial space, well-suited for manufacturing, warehousing, distribution, or other heavy-duty operations. The configuration is geared toward flexible industrial use where practical floor area is important.
Located on W Main Street, the site provides quick access to I-77, Route 21, and major highways for regional connectivity. It is positioned near downtown Rock Hill and offers a short drive to Charlotte, NC.
The property’s open layout and access to major roadways support a range of warehouse and distribution needs, including logistics and back-of-house operations that benefit from straightforward truck access to the surrounding highway network.
Located on W Main Street, the site provides quick access to I-77, Route 21, and major highways for regional connectivity. It is positioned near downtown Rock Hill and offers a short drive to Charlotte, NC.
The property’s open layout and access to major roadways support a range of warehouse and distribution needs, including logistics and back-of-house operations that benefit from straightforward truck access to the surrounding highway network.
Key Highlights
- ±12,700 SF of open industrial space
- Supports manufacturing, warehousing, distribution, and other heavy‑duty operations
- On W Main Street with quick access to I‑77
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
$137,967
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
7.46%
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%
$2,759,340
$2.8M
Cap Rate 7%
$1,970,957
$2.0M
Cap Rate 9%
$1,532,967
$1.5M
Market Conditions
NOI Build-Up for 12,700 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
$181.4K $14.28/SF
− Vacancy
−$19.0K −$1.50/SF
EGI
$162.3K $12.78/SF
− OpEx
−$24.3K −$1.92/SF
NOI
$138.0K $10.86/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
15.00%
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%
$2,759,340
Cap Rate 7%
$1,970,957
Cap Rate 9%
$1,532,967
Alternative Uses
Best Use
Warehouse
$1.97M
$1.72M – $2.30M
NOI $137,967 @ 7.0% cap · market cap 7.46%
Second Best
Industrial
$1.62M
$1.42M – $1.89M
NOI $113,620 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$2.99M
$2.61M – $3.48M
NOI $209,057 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29732, SC
59,417
Population
24,926
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
52.8 sq mi
ZIP Area
1,125
Density / Sq Mi
$79,936
Median Household Income
$44,650
Median Earnings
$1,293
Median Rent
$301,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Open industrial space supports manufacturing, warehousing, and distribution with quick access to I-77 and Route 21.
Where is this warehouse located?
The property is located at 1365 Main St W Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: ±12,700 SF of open industrial space; Supports manufacturing, warehousing, distribution, and other heavy‑duty operations; On W Main Street with quick access to I‑77
