Second-Floor Medical Office
For Sale
$4,932,277
1721 Ebenezer Rd, Rock Hill, SC 29732
Office condo with seven private offices, a waiting area, and break space.
Property Size11,874 SF
Price / SF$415.38
Days on Market227
Property Features for 1721 Ebenezer Rd
General Information
Standard status
Active
Size
11,874 SF
Property subtype
Single-Tenant Office Medical
Lease Type
NNN
Additional Details
Floor
2
Amenities
Single-Tenant NNN Medical Office Condominium
$4,932,277 Offering Price |6.48% Cap Rate
11,874 SF Medical Office Condo located within Village Oaks Professional Park
Leased to Piedmont Physician Network, LLC d/b/a Rock Hill GYN& OB, a subsidiary of Tenet Healthcare (NYSE: THC)
Five-Year Lease Extension Recently Executed, extending the lease term through December 31, 2031
Additional Five-Year Renewal Option extending potential occupancy through 2036
3% Annual Rental Increases throughout the extension term and renewal option
Long-standing medical practice serving the Rock Hill market
Building Details
Building Size
11,874 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Charlotte Uptown
Listed By:
CJ Wilson · License #License(s): SC: 130948, NC: 353533
(704) 831-4639
Source:
Marcusmillichap
Added: Mar 3
Changed: Oct 13
Last Checked: Oct 14 at 7:45PM
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 Marcus & Millichap - Charlotte Uptown
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Investment Insights
Based on property information with market context.
This 2,588-square-foot office condominium occupies the second floor of an office complex and is currently configured for a psychiatric practice. The layout includes a reception and waiting area, seven private offices, and a break area, offering an established framework for professional medical or office use.
The property is positioned in front of Piedmont Medical Center, providing a medical-office setting within an existing office complex. Its current configuration combines private work areas with shared support space in a compact professional suite.
The property is positioned in front of Piedmont Medical Center, providing a medical-office setting within an existing office complex. Its current configuration combines private work areas with shared support space in a compact professional suite.
Key Highlights
- +/-2,588 SF office condominium
- Second‑floor location within an office complex
- Currently configured as a psychiatric practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,211
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,164,220
$3.2M
Cap Rate 7%
$2,260,157
$2.3M
Cap Rate 9%
$1,757,900
$1.8M
Market Conditions
NOI Build-Up for 11,874 SF
Gross rent
$225.1K $18.96/SF
− Vacancy
−$14.2K −$1.19/SF
EGI
$210.9K $17.77/SF
− OpEx
−$52.7K −$4.44/SF
NOI
$158.2K $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%
$3,164,220
Cap Rate 7%
$2,260,157
Cap Rate 9%
$1,757,900
Alternative Uses
Best Use
Office B
$2.26M
$1.98M – $2.64M
NOI $158,211 @ 7.0% cap · market cap 3.21%
Second Best
Healthcare Medical
$1.83M
$1.60M – $2.13M
NOI $127,782 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$2.79M
$2.44M – $3.26M
NOI $195,460 @ 7.0% cap · market cap 3.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,545
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Your Carolina Home Team — 2121 Ebenezer Rd, Rock Hill, SC 29732
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office condo with seven private offices, a waiting area, and break space.
Where is this medical office space located?
The property is located at 1721 Ebenezer Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $4,932,277.
What are key features of this property?
This property features: +/-2,588 SF office condominium; Second‑floor location within an office complex; Currently configured as a psychiatric practice
