Two-Suite Office
New
For Sale
$800,000
1535 Filbert Hwy, York, SC 29745
Two suites provide separate entrances and restrooms for distinct occupants.
Property Size1,960 SF
Lot Size1.43 Acres
Price / SF$408.16
Days on Market7
Property Features for 1535 Filbert Hwy
General Information
Standard status
Active
Size
1,960 SF
Lot size
1.43 Acres
Zoning
GC
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Office Units
2
Building Details
Year Built
1973
Buildings
1
Building Size
1,960 SF
Tenancy
Multi
Listing Agency:
Point 135 Real Estate
(803) 372-8133
Listed By:
Kent Hudson
Source:
Highperformancerea
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 8:36PM
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 Point 135 Real Estate
Investment Insights
Based on property information with market context.
Built in 1973, this office property contains approximately 1,960 heated square feet arranged as two separate suites. Each suite has its own entrance and restroom, creating a practical layout for distinct occupants or owner use with additional space. Recent exterior work includes architectural shingles and oversized 6-inch gutters.
The 1.43-acre property fronts Filbert Highway in York County and carries General Commercial (GC) zoning. QuikTrip and Dollar General are located approximately one mile away, with additional commercial development noted along the corridor.
The 1.43-acre property fronts Filbert Highway in York County and carries General Commercial (GC) zoning. QuikTrip and Dollar General are located approximately one mile away, with additional commercial development noted along the corridor.
Key Highlights
- Approximately 1,960 heated square feet in two separate office suites
- Each suite includes an individual entrance and restroom
- 1.43‑acre property along Filbert Highway
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
$26,115
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
3.26%
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%
$522,300
$522.3K
Cap Rate 7%
$373,071
$373.1K
Cap Rate 9%
$290,167
$290.2K
Market Conditions
NOI Build-Up for 1,960 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
$37.2K $18.96/SF
− Vacancy
−$2.3K −$1.19/SF
EGI
$34.8K $17.77/SF
− OpEx
−$8.7K −$4.44/SF
NOI
$26.1K $13.32/SF
Area
York County, SC
Vacancy
6.30%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$522,300
Cap Rate 7%
$373,071
Cap Rate 9%
$290,167
Alternative Uses
Best Use
Office B
$373.1K
$326.4K – $435.3K
NOI $26,115 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.9K
$403.3K – $537.7K
NOI $32,264 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
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
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Frequently Asked Questions
What type of property is this?
Office units - Two suites provide separate entrances and restrooms for distinct occupants.
Where is this office units located?
The property is located at 1535 Filbert Hwy York, SC.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Approximately 1,960 heated square feet in two separate office suites; Each suite includes an individual entrance and restroom; 1.43‑acre property along Filbert Highway
