Leased Medical Office Building with Ground
For Sale
Contact for pricing
245-1665 Herlong Ct, Rock Hill, SC 29732
Fully leased medical office building with a Truist Bank ground lease, positioned across from a regional medical center.
Property Size9,572 SF
Price / SF$315.50
Days on Market139
Property Features for 245-1665 Herlong Ct
General Information
Standard status
Active
Size
9,572 SF
Property subtype
OFFICE
Occupancy
100%
Listing Agency:
SVN | Southern Commercial
(803) 325-1000
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Moodyscre
Added: Jun 3
Changed: Oct 16
Last Checked: Oct 16 at 11:29AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale property is a fully leased medical office building totaling 9,572 square feet, supported by an investment structure featuring a ground lease to Truist Bank. The offering is presented as an income-producing asset with the medical office building in place and occupied.
The building is located at 245-1665 Herlong Ct in Rock Hill, South Carolina. Public remarks note the property sits across from a regional medical center, creating a concentrated healthcare-oriented setting.
From an operator and tenant perspective, the asset is best suited for healthcare-related uses that fit a medical office environment, given its existing medical office configuration and current fully leased status. For buyers, the presence of a Truist Bank ground lease and the fully leased building provide a defined tenant framework at the property level, with long-term use anchored by the medical-focused location across from a regional medical center.
The building is located at 245-1665 Herlong Ct in Rock Hill, South Carolina. Public remarks note the property sits across from a regional medical center, creating a concentrated healthcare-oriented setting.
From an operator and tenant perspective, the asset is best suited for healthcare-related uses that fit a medical office environment, given its existing medical office configuration and current fully leased status. For buyers, the presence of a Truist Bank ground lease and the fully leased building provide a defined tenant framework at the property level, with long-term use anchored by the medical-focused location across from a regional medical center.
Key Highlights
- Fully leased medical office building
- Ground lease to Truist Bank
- Property is positioned across from a regional medical center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,442
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,588,840
$2.6M
Cap Rate 7%
$1,849,171
$1.8M
Cap Rate 9%
$1,438,244
$1.4M
Market Conditions
NOI Build-Up for 9,572 SF
Gross rent
$191.8K $20.04/SF
− Vacancy
−$6.9K −$0.72/SF
EGI
$184.9K $19.32/SF
− OpEx
−$55.5K −$5.80/SF
NOI
$129.4K $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 Rate 5%
$2,588,840
Cap Rate 7%
$1,849,171
Cap Rate 9%
$1,438,244
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,442 @ 7.0% cap · market cap 4.29%
Second Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,761 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,567 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,411
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office building with a Truist Bank ground lease, positioned across from a regional medical center.
Where is this medical office space located?
The property is located at 245-1665 Herlong Ct Rock Hill, SC.
What is the asking price?
The asking price for this property is $3,020,000.
What are key features of this property?
This property features: Fully leased medical office building; Ground lease to Truist Bank; Property is positioned across from a regional medical center
