Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1988 Cherry Rd Rock Hill, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,734 SF retail space available in Rock Hill, SC.

    Type:RETAIL
    Property size:
    5,734 SF
    Lot size:
    5.51 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    156
    Last Refresh:
    Apr 5 at 9:13 pm

    Property Features for 1988 Cherry Rd

    General Information

    Standard status
    Active
    Size
    5,734 SF
    Lot size
    5.51 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1988 Cherry Rd Contact us

    We can help!

    Listing Contact
    Eric Howell

    Listing agent Eric Howell

    Listing office The Providence Group

    Listing date Nov 24, 2025

    Source Moodyscre

    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 The Providence Group

    Overview

    Retail Center on Cherry Road

    This 56,000 SF retail center is prominently positioned along Cherry Road in Rock Hill, South Carolina. The site offers excellent visibility and access along the Cherry Road retail corridor. Currently, there is 5,734 SF of retail space available.
    Location Intelligence

    Current Use by Public Records

    The Rock Hill Flower ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • The Market — 2349 Cherry Rd, Rock Hill, SC 29732
    • Northeast plaza — 2371 Cherry Rd, Rock Hill, SC 29732
    • Lower than low — 701 N Anderson Rd #99, Rock Hill, SC 29730
    • Cherry Hill Crossing — 2186 Cherry Rd, Rock Hill, SC 29732
    • RadiantRo Boutique — 1332 Cherry Rd, Rock Hill, SC 29732

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.0022
    Latitude
    34.9615

    Nearby Similar for Lease

    • $6,250/Mo

      Rock Hill Commercial Office/Warehouse

      Functional office/warehouse space in growing Rock Hill market.
      4990 Old York Road, Rock Hill, SC 29732
      View Details
    • $16 SF/Yr

      Rock Hill Flex Space Warehouse

      Versatile, customizable, climate-controlled flex space and warehouse units available for rent.
      2150 Cherry Road, Rock Hill, SC 29732
      View Details
    • $3,600/Mo

      Renovated Office Suites in Rock Hill

      Recently renovated office suites available near Winthrop University and Downtown.
      156 Oakland Avenue, Rock Hill, SC 29730
      View Details
    • $6,300/Mo

      Historic Downtown Office Space Available

      Downtown historic building, former library and post office, 4,700 SF available.
      325 S Oakland Ave Suite 102, Rock Hill, SC 29730
      View Details
    • $200 SF/Yr

      Rock Hill Coworking Space Available

      Flexible coworking and dedicated desk space in vibrant Knowledge Park.
      116 E Main St, Suite 201, Rock Hill, SC 29730
      View Details
    • Sponsored
      Contact for pricing

      Fountian Park

      331 Main St, Unit 200, Rock Hill, SC 29730
      View Details
    • $2,250/Mo

      Rock Hill Office Space Available

      Office space for rent with utilities included and free parking.
      378 Technology Center Way, Rock Hill, SC 29730
      View Details
    • $2,250/Mo

      Rock Hill Office Space Available

      Office space for rent with utilities included and free parking.
      378 Technology Center Way, Rock Hill, SC 29730
      View Details
    • $19 SF/Yr

      Rock Hill Office Suite Available

      Professional office suite with reception, offices, conference room, and breakroom.
      1674 Cranium Dr, Suite 102, Rock Hill, SC 29732
      View Details
    • $25 SF/Yr

      Retail Space in Mixed-Use Development

      Retail leasing opportunities in Rock Hill's mixed-use development.
      145 E White St, Rock Hill, SC
      View Details
    • $2,600/Mo

      Rock Hill Medical Office Space

      Move-in ready medical office space near Piedmont Medical Center.
      744 Arden Lane, Rock Hill, SC 29732
      View Details
    • Contact for pricing

      Renovated Office Building For Lease

      Freestanding office building with five private offices, renovated in 2019.
      1365 Ebenezer Road, Rock Hill, SC 29732
      View Details

    FAQs

    What type of property is this?
    Shopping center - 5,734 SF retail space available in Rock Hill, SC.
    Where is this shopping center located?
    The property is located at 1988 Cherry Rd Rock Hill, SC.
    What are key features of this property?
    This property features: 56,000 SF retail center.; Prominently positioned along Rock Hill’s Cherry Road retail corridor.; Excellent visibility and access along Cherry Road.
    (704) 365-0820 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Howell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!