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    Renovated Office Building with Suites Title is generated by Realmo AI

    1516 Village Harbor Drive, Clover, SC 29710

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    Claim this Listing
    New
    For Sale
    $1,025,000

    COMMERCIAL - Clover, SC

    Lot size:
    4.97 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 4:06 pm

    Property Features for 1516 Village Harbor Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3
    Parking
    50
    Parking features
    Parking Lot
    Security features
    Security System
    Window features
    Insulated Windows
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Bar Fridge, Microwave, Refrigerator with Ice Maker, Wine Refrigerator
    Standard status
    Active
    APN
    562-01-01-004
    Lot size
    4.97 Acres

    Taxes and HOA fees

    Tax Description
    UNIT 2 BLDG 1 PHSE I

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1999
    Flooring type
    Vinyl
    Building materials
    Brick Partial, Fiber Cement
    Roof type
    Metal

    We can help!

    Listing Contact
    Kumar Kuchimanchi

    Listing agent Kumar Kuchimanchi

    Listing office Dane Warren Real Estate 3917 Fox Run Road, Charlotte, SC

    Listing date Jun 2, 2026

    MLS# 4377548

    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.

    HighLights

    • 10 office suites in a professional office building built in 1999
    • 90% occupancy reported
    • Recent designer upgrades exceed $100,000, per listing remarks
    • Central heating and central air
    • Metal roof with partial brick and fiber cement exterior materials
    • Accessible approach with ramp; parking lot and public sewer

    Overview

    This turnkey office building presents a polished, professional environment with 10 office suites. The property is described as masterfully renovated and delivered with recent designer upgrades totaling more than $100,000. With approximately 90% occupancy, it offers the foundation for stabilized income while keeping the day-to-day tenant experience in mind, including expansive, light-filled layouts and high-end finishes throughout.

    Located at 1516 Village Harbor Drive in Clover, South Carolina, the building is marketed as being in a premier setting with nearby retail convenience. Public remarks note that Starbucks and Chipotle are within a short stroll, supporting day-to-day accessibility for both employees and visitors.

    For investors and buyers seeking an income-oriented office asset, the combination of turn-key presentation, substantial renovation work, and strong occupancy can be attractive. For operators, the suite-based layout is designed to support ongoing leasing demand, while the modern finishes and updated interiors may help maintain tenant satisfaction and curb leasing friction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Clover
    County
    York
    State
    South Carolina
    Longitude
    -81.073996
    Latitude
    35.115486

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    FAQs

    What type of property is this?
    Office units - Turnkey, recently renovated office building with 10 suites and strong occupancy for stabilized income potential.
    Where is this office units located?
    The property is located at 1516 Village Harbor Drive Clover, SC.
    What is the asking price?
    The asking price for this property is $1,025,000.
    What are key features of this property?
    This property features: 10 office suites in a professional office building built in 1999; 90% occupancy reported; Recent designer upgrades exceed $100,000, per listing remarks
    (980) 939-4249
    We can help!
    Listing Contact
    Kumar Kuchimanchi
    Request Owner's contact information
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    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
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