Herlong Avenue Office/Retail
For Sale
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197 South Herlong Avenue, Rock Hill, SC 29732
Divisible office/retail space across from Piedmont Medical Center.
Property Size8,328 SF
Price / SF$0.00
Days on Market157
Property Features for 197 South Herlong Avenue
General Information
Standard status
Active
Size
8,328 SF
Class
B
Property subtype
Office
Lease Term
MG
Building Details
Building Size
8,328 SF
Properties For Sale
at 197 South Herlong Avenue Contact us197 South Herlong Avenue - 2nd Floor Office
Size
1,900 SF
Type
Medical
Term
Negotiable
197 South Herlong Avenue - Additional 1st Floor
Size
1,620 SF
Type
Medical
Term
Negotiable
197 South Herlong Avenue - Entire First Floor
Size
4,827 SF
Type
Medical
Term
Negotiable
197 South Herlong Avenue - Main Office
Size
3,207 SF
Type
Medical
Term
Negotiable
Listing Agency:
SVN | Southern Commercial Real Estate
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Svn
Added: May 14
Changed: Oct 12
Last Checked: Oct 16 at 8:09AM
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.
Located directly across from Piedmont Medical Center, this property at 197 S Herlong Avenue offers flexible spaces suitable for medical office or retail use. The first floor features 4,827 square feet of office space, divisible into two suites of 3,207 square feet and 1,620 square feet. The layout includes a large waiting lobby, receptionist area, back office support area, and a large file room/business office. There are 10 private offices, a break room, a large conference room, and 3 bathrooms. The building features a modern design with large windows providing natural light. Ample on-site parking is available for staff and clientele. The high-traffic location and convenient access to major routes make this an ideal spot for businesses requiring professional exposure and easy delivery access.
Key Highlights
- High visibility location directly across from Piedmont Medical Center.
- Flexible space options from 1,620 to 4,827 SF, divisible into two suites.
- Suitable for medical office or retail use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,946
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,920
$1.0M
Cap Rate 7%
$742,086
$742.1K
Cap Rate 9%
$577,178
$577.2K
Market Conditions
NOI Build-Up for 4,827 SF
Gross rent
$96.7K $20.04/SF
− Vacancy
−$10.2K −$2.10/SF
EGI
$86.6K $17.94/SF
− OpEx
−$34.6K −$7.17/SF
NOI
$51.9K $10.76/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,038,920
Cap Rate 7%
$742,086
Cap Rate 9%
$577,178
Alternative Uses
Best Use
Office B
$918.8K
$804.0K – $1.07M
NOI $64,316 @ 7.0% cap · market cap 485,037.71%
Second Best
Healthcare Medical
$742.1K
$649.3K – $865.8K
NOI $51,946 @ 7.0% cap · market cap 391,749.62%
Theoretical Best
Office A
$1.14M
$993.2K – $1.32M
NOI $79,458 @ 7.0% cap · market cap 599,230.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,584
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Divisible office/retail space across from Piedmont Medical Center.
Where is this office units located?
The property is located at 197 South Herlong Avenue Rock Hill, SC.
What are key features of this property?
This property features: High visibility location directly across from Piedmont Medical Center.; Flexible space options from 1,620 to 4,827 SF, divisible into two suites.; Suitable for medical office or retail use.
