Leased Medical Office Building with Ground
245-1665 Herlong Ct Rock Hill, SC 29732
245-1665 Herlong Ct, Rock Hill, SC, 29732
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For Sale
Contact for pricing
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 Market48
Property Features for 245-1665 Herlong Ct
General Information
- Standard status
- Active
- Size
- 9,572 SF
- Property subtype
- OFFICE
Listing Agency
SVN | Southern Commercial
(803) 322-7228
Listed by
Randy Graham · License #11640
(803) 322-7228
Source
Moodyscre
Added: Jun 3 Checked: Jul 20 at 2:45 am
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.8k | $20.04 |
| − Vacancy | −$6.9k | −$0.72 |
| EGI | $184.9k | $19.32 |
| − OpEx | −$55.5k | −$5.80 |
| NOI | $129.4k | $13.52 |
9,572 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
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
