Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rock Hill Retail Redevelopment Opportunity Title is generated by Realmo AI

    1501 Cherry Road, Rock Hill, SC 29732

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    8400 SF building across from Cherry Park in Rock Hill.

    Type:Retail
    Property size:
    8,400 SF
    Added:
    Nov 21, 2025
    Days on Market:
    191
    Last Refresh:
    May 8 at 8:54 pm

    Property Features for 1501 Cherry Road

    General Information

    Standard status
    Active
    Size
    8,400 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Mark Mayfield
    Mark Mayfield

    Listing agent Mark Mayfield License #South Carolina #18972

    Listing office Southern Commercial Real Estate, LLC

    Listing date Nov 21, 2025

    Source Svn-scre

    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 Southern Commercial Real Estate, LLC

    HighLights

    • Prime redevelopment opportunity on a signalized corner of Cherry Road & Deas Street.
    • Directly across from Cherry Park, offering high visibility and accessibility.
    • Located on Cherry Road, the main retail corridor of Rock Hill, currently undergoing revitalization.
    • Part of the City of Rock Hill's Cherry Road Revitalization Strategy Program.
    • New roof and electrical system installed.
    • Strategic location: 45 minutes to Columbia, SC and 15 minutes to Charlotte, NC.

    Overview

    This 8400 square foot building, formerly Mallard's Hardware, is located directly across from Cherry Park at the signalized corner of Cherry Road and Deas Street. The site is offered as a redevelopment opportunity and is part of the Cherry Road Revitalization Strategy Program with the City of Rock Hill. Cherry Road is the traditional retail thoroughfare of Rock Hill and is currently undergoing revitalization. The property benefits from a high-visibility signalized intersection. The building features a new roof and new electrical system, and requires new plumbing. The location is approximately 45 minutes north of Columbia, SC, and approximately 15 minutes south of Charlotte, NC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Flower Bar — Rock Hill, SC 29730
    • Cindys Flower Shop — 1138 Cherry Rd, Rock Hill, SC 29730
    • Belky's Florist — 1807 Cherry Rd, Rock Hill, SC 29732

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.0126
    Latitude
    34.9558

    Nearby Similar for Lease

    • $6,250/Mo
      5,000 SF

      Rock Hill Commercial Office/Warehouse

      Functional office/warehouse space in growing Rock Hill market.
      4990 Old York Road, Rock Hill, SC 29732
      View Details
    • Sponsored
      $129-$8,184/Mo
      11-1,292 SF

      Fountian Park

      331 Main St, Unit 200, Rock Hill, SC 29730
      View Details
    • $3,600/Mo
      3,456 SF

      Renovated Office Suites in Rock Hill

      Recently renovated office suites available near Winthrop University and Downtown.
      156 Oakland Avenue, Rock Hill, SC 29730
      View Details
    • $6,300/Mo
      4,706 SF

      Historic Downtown Office Space Available

      Downtown historic building, former library and post office, 4,700 SF available.
      325 S Oakland Ave Suite 102, Rock Hill, SC 29730
      View Details
    • $200 SF/Yr
      12,460 SF

      Rock Hill Coworking Space Available

      Flexible coworking and dedicated desk space in vibrant Knowledge Park.
      116 E Main St, Suite 201, Rock Hill, SC 29730
      View Details
    • $19 SF/Yr
      1,919 SF

      Rock Hill Office Suite Available

      Professional office suite with reception, offices, conference room, and breakroom.
      1674 Cranium Dr, Suite 102, Rock Hill, SC 29732
      View Details
    • $18 SF/Yr
      2,100 SF

      Rock Hill Medical/Office Suites

      Medical/office suites in established Rock Hill medical complex for rent.
      420 S Herlong Ave, Rock Hill, SC 29732
      View Details
    • $18 SF/Yr
      2,598 SF

      Medical/Office Space in Rock Hill

      Established medical complex with adaptable suites near key locations.
      410 S Herlong Ave, Rock Hill, SC 29732
      View Details
    • $16 SF/Yr

      Rock Hill Flex Space Warehouse

      Versatile, customizable, climate-controlled flex space and warehouse units available for rent.
      2150 Cherry Road, Rock Hill, SC 29732
      View Details
    • $24 SF/Yr
      1,500 SF

      Professional Office Building For Sale

      1,500 SF office building in high-visibility Rock Hill corridor.
      362 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $24 SF/Yr
      8,328 SF

      High Visibility Office Space Available

      3,500 SF office space in Rock Hill, SC.
      197 South Herlong Avenue, Rock Hill, SC 29732
      View Details
    • $16 SF/Yr
      2,000 SF

      Retail Space in Rock Hill

      Second floor retail space available in Rock Hill shopping center.
      2260 Cross Pointe Dr, Rock Hill, SC
      View Details

    FAQs

    What type of property is this?
    Storefront property - 8400 SF building across from Cherry Park in Rock Hill.
    Where is this storefront property located?
    The property is located at 1501 Cherry Road Rock Hill, SC.
    What are key features of this property?
    This property features: Prime redevelopment opportunity on a signalized corner of Cherry Road & Deas Street.; Directly across from Cherry Park, offering high visibility and accessibility.; Located on Cherry Road, the main retail corridor of Rock Hill, currently undergoing revitalization.
    (803) 493-2424
    We can help!
    Listing Contact
    Mark Mayfield
    Mark Mayfield
    Real Estate License ID: South Carolina #18972
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1501 Cherry Road, Rock Hill, SC 29732
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!