Four-Unit Office
For Sale
$582,500
1909 Cherry Road, Rock Hill, SC 29732
Private office layout suited to professional and small-business operations.
Property Size1,942 SF
Days on Market69
Property Features for 1909 Cherry Road
General Information
Standard status
Active
Size
1,942 SF
Property subtype
Business
Additional Details
Highway Access
Yes
Amenities
Size: 0.7, Size Units: Acres
Days on Market: 0, Listing Price: 582500, Status: Active
Year Built: 1942, Construction Type: Site Built
City: Rock Hill, State: SC, Zip: 29732, County: York
Zoning: GC
Auction Y/N: 0
Building Details
Building Size
1,942 SF
Year Built
1942
Listing Agency:
Rinehart Realty Corporation
(803) 329-3333
Listed By:
Jay Rinehart
(803) 984-7155
Source:
Blackstreaminternational
Added: Jun 26
Changed: Sep 2
Last Checked: Sep 1 at 6:24PM
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 Rinehart Realty Corporation
Investment Insights
Based on property information with market context.
This office property contains four private office spaces within a configuration suited to professional services, medical practices, insurance, real estate, legal work, and other small-business operations. Built in 1942, the property can accommodate an owner-occupant or an investor seeking office space with multiple private rooms.
Located at 1909 Cherry Road in Rock Hill, the property is near shopping, restaurants, major employers, and I-77. Its Cherry Road setting provides access to an established commercial corridor and supports convenient visits for clients and employees.
Located at 1909 Cherry Road in Rock Hill, the property is near shopping, restaurants, major employers, and I-77. Its Cherry Road setting provides access to an established commercial corridor and supports convenient visits for clients and employees.
Key Highlights
- Four private office spaces
- Built in 1942
- Located at 1909 Cherry Road, Rock Hill, SC 29732
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
$25,875
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
4.44%
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%
$517,500
$517.5K
Cap Rate 7%
$369,643
$369.6K
Cap Rate 9%
$287,500
$287.5K
Market Conditions
NOI Build-Up for 1,942 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
$36.8K $18.96/SF
− Vacancy
−$2.3K −$1.19/SF
EGI
$34.5K $17.77/SF
− OpEx
−$8.6K −$4.44/SF
NOI
$25.9K $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%
$517,500
Cap Rate 7%
$369,643
Cap Rate 9%
$287,500
Alternative Uses
Best Use
Office B
$369.6K
$323.4K – $431.3K
NOI $25,875 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$456.7K
$399.6K – $532.8K
NOI $31,968 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
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
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 - Private office layout suited to professional and small-business operations.
Where is this office units located?
The property is located at 1909 Cherry Road Rock Hill, SC.
What is the asking price?
The asking price for this property is $582,500.
What are key features of this property?
This property features: Four private office spaces; Built in 1942; Located at 1909 Cherry Road, Rock Hill, SC 29732
