Freestanding Retail Building with
For Sale
Contact for pricing
1739 Cherry Rd, Rock Hill, SC 29732
A freestanding retail building offers open space, offices, and restrooms, plus an existing drive-thru lane and patio potential.
Property Size4,000 SF
Lot Size1.72 Acres
Price / SF$425
Days on Market155
Property Features for 1739 Cherry Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.72 Acres
Property subtype
RETAIL
Site & Location
Traffic Count
30,000 vehicles/day
Road Access
Yes
Listing Agency:
Warren Norman Company
(803) 366-8141
Listed By:
James Hill
(804) 305-5022
Source:
Moodyscre
Added: Apr 16
Changed: Sep 12
Last Checked: Sep 16 at 7:41PM
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 Warren Norman Company
Investment Insights
Based on property information with market context.
This freestanding retail building spans about 4,000 square feet and features a flexible interior layout with open retail space, private offices, and restrooms. The site includes an existing drive-thru lane and offers potential for an outdoor patio area, supporting a range of quick-service or service-oriented concepts.
The property is positioned on a 1.72-acre hard corner at a signalized intersection of Cherry Road and Ebenezer Road. It benefits from strong visibility along Cherry Road with 30,000+ vehicles per day, with right-in/right-out access from Cherry Road and full access from Ebenezer Road.
The location places the site directly across from Cherry Park Elementary and Sullivan Middle School, adjacent to Cherry Park Centre, and across from Cherry Park. It is also described as being minutes from Winthrop University and Downtown Rock Hill.
The property is positioned on a 1.72-acre hard corner at a signalized intersection of Cherry Road and Ebenezer Road. It benefits from strong visibility along Cherry Road with 30,000+ vehicles per day, with right-in/right-out access from Cherry Road and full access from Ebenezer Road.
The location places the site directly across from Cherry Park Elementary and Sullivan Middle School, adjacent to Cherry Park Centre, and across from Cherry Park. It is also described as being minutes from Winthrop University and Downtown Rock Hill.
Key Highlights
- 4,000 SF freestanding retail building on a 1.72‑acre site at the signalized hard corner of Cherry Rd & Ebenezer Rd (Rock Hill, SC)
- Existing drive‑thru lane with potential patio area for quick‑service or fast casual concepts
- Flexible interior layout with open retail space, private offices, and restrooms
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
$54,092
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
3.18%
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%
$1,081,840
$1.1M
Cap Rate 7%
$772,743
$772.7K
Cap Rate 9%
$601,022
$601.0K
Market Conditions
NOI Build-Up for 4,000 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
$80.2K $20.04/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$77.3K $19.32/SF
− OpEx
−$23.2K −$5.80/SF
NOI
$54.1K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,081,840
Cap Rate 7%
$772,743
Cap Rate 9%
$601,022
Alternative Uses
Best Use
Retail
$772.7K
$676.2K – $901.5K
NOI $54,092 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$940.6K
$823.1K – $1.10M
NOI $65,845 @ 7.0% cap · market cap 3.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 35%
Home Improvements & Furnishings 11%
Apparel 7%
Cicis
Dining
9,028 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,520 visits/mo
0.3 miles
Dollar General
Shops & Services
5,990 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,946 visits/mo
0.2 miles
Little Caesars Pizza
Dining
5,755 visits/mo
0.3 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - A freestanding retail building offers open space, offices, and restrooms, plus an existing drive-thru lane and patio potential.
Where is this retail space located?
The property is located at 1739 Cherry Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,000 SF freestanding retail building on a 1.72‑acre site at the signalized hard corner of Cherry Rd & Ebenezer Rd (Rock Hill, SC); Existing drive‑thru lane with potential patio area for quick‑service or fast casual concepts; Flexible interior layout with open retail space, private offices, and restrooms
