Flex Space with
For Sale
$1,400,000
155 Grayson Road, Rock Hill, SC 29732
Commercial Sale, Rock Hill, SC
Property Size11,250 SF
Lot Size1.00 Acre
Price / SF$124.44
Days on Market337
Property Features for 155 Grayson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UD
Zoning description
UD
Lot features
Level
Directions
I-77 R on SC 161 go past Museum Road, Turn right on Grayson Road and building is on the left. The site is considered to be very good as SC 161, Old York is one of the primary east/ west corridors in Rock Hill and I-77 is approximately 10 to the east via Celanese Road.
Standard status
Active
APN
544-00-00-043
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
1.00 AC / GRAYSON RD
Legal Description
1.00 AC / GRAYSON RD
Utilities
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1976
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Metal
Roof type
Metal
Listing Agency:
Rinehart Realty Corp- Fort Mil
(803) 548-9797
Listed By:
John Rinehart
(803) 517-0229
Added: Nov 7, 2025
Changed: Oct 8
Last Checked: Oct 10 at 9:06AM
MLS# 4319010
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.
Investment Insights
Based on property information with market context.
This metal flex building contains 11,250 square feet, arranged with 1,200 square feet of office and showroom space and 10,050 square feet of warehouse. The warehouse has 18-foot clear height. The building was constructed in 1976 and expanded in 1999; its roof is metal, and the interior includes tile and concrete flooring. Forced-air heat and central air conditioning serve the building.
The property occupies 1 acre in Rock Hill, South Carolina, and is zoned UD. Water is supplied by a well.
The property occupies 1 acre in Rock Hill, South Carolina, and is zoned UD. Water is supplied by a well.
Key Highlights
- 11,250‑square‑foot metal building on 1 acre
- 10,050 square feet of warehouse with 18‑foot clear height
- 1,200 square feet of office and showroom space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,214
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,444,280
$2.4M
Cap Rate 7%
$1,745,914
$1.7M
Cap Rate 9%
$1,357,933
$1.4M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$160.7K $14.28/SF
− Vacancy
−$16.9K −$1.50/SF
EGI
$143.8K $12.78/SF
− OpEx
−$21.6K −$1.92/SF
NOI
$122.2K $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 Rate 5%
$2,444,280
Cap Rate 7%
$1,745,914
Cap Rate 9%
$1,357,933
Alternative Uses
Best Use
Flex RnD
$1.87M
$1.64M – $2.19M
NOI $131,156 @ 7.0% cap · market cap 9.37%
Second Best
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,214 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$2.65M
$2.31M – $3.09M
NOI $185,189 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Balanced
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - A metal building combines office and showroom space with a substantial warehouse area.
Where is this flex space located?
The property is located at 155 Grayson Road Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 11,250‑square‑foot metal building on 1 acre; 10,050 square feet of warehouse with 18‑foot clear height; 1,200 square feet of office and showroom space
