Free-Standing Bank Branch Ground
245 S Herlong Ct Rock Hill, SC 29732
For Sale
Contact for pricing
Free-standing bank branch on a corner site across from Piedmont Medical Center, offered with a ground lease.
Property Size3,058 SF
Lot Size1.10 Acres
Price / SF$456.18
Days on Market54
Property Features for 245 S Herlong Ct
General Information
- Standard status
- Active
- Size
- 3,058 SF
- Lot size
- 1.10 Acres
- Property subtype
- LAND
Listing Agency:
SVN | Southern Commercial
(803) 322-7228
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Moodyscre
Added: Jun 3
Changed: Jul 25
Last Checked: Jul 25 at 9:36AM
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 offering is a ground lease for a free-standing bank branch. The building is approximately 3,058 square feet and is situated on a roughly 1/10-acre site at a corner location.
The property is located at 245 S Herlong Ct in Rock Hill, SC and sits across from Piedmont Medical Center.
The lease term has more than five years remaining, with renewal options.
The property is located at 245 S Herlong Ct in Rock Hill, SC and sits across from Piedmont Medical Center.
The lease term has more than five years remaining, with renewal options.
Key Highlights
- Ground lease for a free‑standing bank branch
- 5+ years remaining on the ground lease with renewal options
- Approx. 3,058 SF building
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 | $61.3k | $20.04 |
| − Vacancy | −$2.2k | −$0.72 |
| EGI | $59.1k | $19.32 |
| − OpEx | −$17.7k | −$5.80 |
| NOI | $41.4k | $13.52 |
3,058 SF · lease $20.04/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$590.8K
$516.9K – $689.2K
NOI $41,353 @ 7.0% cap · market cap 2.96%
Second Best
Specialty Retail
$587.7K
$514.2K – $685.6K
NOI $41,136 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$719.1K
$629.2K – $839.0K
NOI $50,338 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Banks
FAQs
What type of property is this?
Bank - Free-standing bank branch on a corner site across from Piedmont Medical Center, offered with a ground lease.
Where is this bank located?
The property is located at 245 S Herlong Ct Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Ground lease for a free‑standing bank branch; 5+ years remaining on the ground lease with renewal options; Approx. 3,058 SF building
