Multi-Vacancy Shopping
For Sale
Contact for pricing
Pending
145 East White Street, Rock Hill, SC 29730
Four non-subdivided retail vacancies totaling 11,330 SF provide straightforward leasing repositioning within an Opportunity Zone site.
Property Size24,530 SF
Days on Market96
Property Features for 145 East White Street
General Information
Standard status
Pending
Size
24,530 SF
Property subtype
Retail
Occupancy
54%
Lease Type
NNN
Net Operating Income
$242,859
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1930
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Berkeley Capital Advisors Charleston
Listed By:
Gus Bowen · License #SC 114127
Source:
Crexi
Added: Jun 3
Changed: Aug 15
Last Checked: Aug 14 at 8:42AM
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 Berkeley Capital Advisors Charleston
Investment Insights
Based on property information with market context.
The Exchange at Rock Hill is a shopping center offered for sale with four non-subdivided retail vacancies totaling 11,330 SF. The center presents a clear path for operators seeking to lease contiguous space rather than subdivided units, with the overall property size reported as 24,530 SF.
The site is located at 145 East White Street in Rock Hill, South Carolina. The property also sits in an Opportunity Zone, which may provide eligible investors options related to capital gains treatment, subject to applicable rules and requirements.
For tenants and buyers looking for an operational reset, the existing vacancy configuration can simplify planning for retail users that need larger, undivided footprints. For investors, the combination of multiple contiguous vacancies and Opportunity Zone status may align with strategies centered on leasing execution and long-term ownership. Prospective buyers should review the property’s leasing plan, tenant criteria, and eligibility requirements tied to the Opportunity Zone designation before proceeding.
The site is located at 145 East White Street in Rock Hill, South Carolina. The property also sits in an Opportunity Zone, which may provide eligible investors options related to capital gains treatment, subject to applicable rules and requirements.
For tenants and buyers looking for an operational reset, the existing vacancy configuration can simplify planning for retail users that need larger, undivided footprints. For investors, the combination of multiple contiguous vacancies and Opportunity Zone status may align with strategies centered on leasing execution and long-term ownership. Prospective buyers should review the property’s leasing plan, tenant criteria, and eligibility requirements tied to the Opportunity Zone designation before proceeding.
Key Highlights
- Four non‑subdivided retail vacancies totaling 11,330 SF for leasing and repositioning.
- Property includes a value‑add vacancy lineup of four units (non‑subdivided) totaling 11,330 SF.
- Located in an Opportunity Zone, offering the potential to defer capital gains on previous investments.
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
$331,719
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
5.82%
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%
$6,634,380
$6.6M
Cap Rate 7%
$4,738,843
$4.7M
Cap Rate 9%
$3,685,767
$3.7M
Market Conditions
NOI Build-Up for 24,530 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
$491.6K $20.04/SF
− Vacancy
−$17.7K −$0.72/SF
EGI
$473.9K $19.32/SF
− OpEx
−$142.2K −$5.80/SF
NOI
$331.7K $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%
$6,634,380
Cap Rate 7%
$4,738,843
Cap Rate 9%
$3,685,767
Alternative Uses
Best Use
Retail
$4.74M
$4.15M – $5.53M
NOI $331,719 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.77M
$5.05M – $6.73M
NOI $403,794 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,970 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- City Plaza — 140-148 E Main St, Rock Hill, SC 29730
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Frequently Asked Questions
What type of property is this?
Shopping center - Four non-subdivided retail vacancies totaling 11,330 SF provide straightforward leasing repositioning within an Opportunity Zone site.
Where is this shopping center located?
The property is located at 145 East White Street Rock Hill, SC.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Four non‑subdivided retail vacancies totaling 11,330 SF for leasing and repositioning.; Property includes a value‑add vacancy lineup of four units (non‑subdivided) totaling 11,330 SF.; Located in an Opportunity Zone, offering the potential to defer capital gains on previous investments.
