Fully Leased Medical Office
For Sale
$1,550,000
1665 Herlong Ct, Rock Hill, SC 29732
Office building is fully leased, situated across from Piedmont Medical Center.
Property Size6,514 SF
Price / SF$237.95
Days on Market140
Property Features for 1665 Herlong Ct
General Information
Standard status
Active
Size
6,514 SF
Class
B
Property subtype
Office
Occupancy
100%
Building Details
Building Size
6,514 SF
Year Built
1991
Tenancy
Multi
Listing Agency:
SVN | Southern Commercial Real Estate
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Svn
Added: Jun 3
Changed: Oct 3
Last Checked: Oct 19 at 4:48AM
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 SVN | Southern Commercial Real Estate
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Investment Insights
Based on property information with market context.
This fully leased medical office building totals approximately 6,514 square feet and is positioned across from Piedmont Medical Center. The property includes at least two suites with current occupancy: Suite D is leased to Dr. Tracy Timony through 9/30/29, and Suite B is leased to Metrolina Neurological through 7/31/29.
The building’s location is described as directly across from Piedmont Medical Center in Rock Hill, South Carolina, providing an immediate relationship to an active medical destination.
With the current tenant leases in place through the noted expiration dates, the building offers a stabilized, multi-suite medical office configuration.
The building’s location is described as directly across from Piedmont Medical Center in Rock Hill, South Carolina, providing an immediate relationship to an active medical destination.
With the current tenant leases in place through the noted expiration dates, the building offers a stabilized, multi-suite medical office configuration.
Key Highlights
- Fully leased medical office building, built in 1991
- +/-6,514 SF office building across from Piedmont Medical Center in Rock Hill, SC
- Suite D leased to Dr. Tracy Timony through 9/30/29
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,793
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,735,860
$1.7M
Cap Rate 7%
$1,239,900
$1.2M
Cap Rate 9%
$964,367
$964.4K
Market Conditions
NOI Build-Up for 6,514 SF
Gross rent
$123.5K $18.96/SF
− Vacancy
−$7.8K −$1.19/SF
EGI
$115.7K $17.77/SF
− OpEx
−$28.9K −$4.44/SF
NOI
$86.8K $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 Rate 5%
$1,735,860
Cap Rate 7%
$1,239,900
Cap Rate 9%
$964,367
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.45M
NOI $86,793 @ 7.0% cap · market cap 5.60%
Second Best
Healthcare Medical
$1.00M
$876.3K – $1.17M
NOI $70,100 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,228 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Under-served
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office building is fully leased, situated across from Piedmont Medical Center.
Where is this medical office space located?
The property is located at 1665 Herlong Ct Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully leased medical office building, built in 1991; +/-6,514 SF office building across from Piedmont Medical Center in Rock Hill, SC; Suite D leased to Dr. Tracy Timony through 9/30/29
