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

    247 Hands Mill Hwy Rock Hill, SC 29732

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,750,000

    21,548 SF retail/flex building on 1.73 acres.

    Lot size:
    21,548.00 Acres

    Property Features for 247 Hands Mill Hwy

    General Information

    Standard status
    Active
    Zoning
    UD
    Lot size
    21,548.00 Acres

    We can help!

    Listing Contact
    Randy Graham
    Randy Graham
    Source: Crexi

    Listing Agency: Southern Commercial Real Estate, LLC Listing Agent: Randy Graham

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail/Flex Building on Corner Site

    This is a +/-21,548 SF free-standing retail/special purpose/flex building situated on Hands Mill Road/Hwy. 274. The property occupies a +/-1.73 acre corner site. It is zoned UD in York County. The building formerly served as an indoor gun range and features high-security construction throughout. 3-phase electrical power is available to the building. Utilities are available.
    Location Intelligence

    Current Use by Public Records

    Sportsman Inc Gun Shop 1st Defense Training, ... Training Center

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Department Store Kitchen & Bath Showroom Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.1006184
    Latitude
    34.9935194

    Nearby Similar for Sale

    • $475,000
      1.26 Acres

      Rock Hill Office Opportunity

      Completely renovated office space in Rock Hill, South Carolina.
      3217 Celanese Rd, Rock Hill, SC 29732
      View Details
    • $1,500,000
      0.96 Acres

      Retail Building on Cherry Road

      Free-standing retail building with high visibility and traffic.
      2129 Cherry Rd, Rock Hill, SC 29732
      View Details
    • $260,000
      0.17 Acres

      Updated Duplex in Rock Hill

      Two fully rented, updated properties in the heart of Rock Hill.
      412 Fewell St, Rock Hill, SC 29730
      View Details
    • $305,000

      Oakland Avenue Office Conversion Opportunity

      Historic 3,633 SF office building near Winthrop University and Downtown.
      320 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $595,000

      Historic Office Near Winthrop University

      Historic 3,462 SF office building near Winthrop University.
      515 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $520,000

      Rock Hill Commercial Property

      Commercial property in Rock Hill's business district near Winthrop University.
      242 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $375,000

      Renovated Office Building For Sale

      Renovated office building in historic business corridor, large parking lot.
      323 Oakland Ave, Rock Hill, SC 29730
      View Details
    • $699,000

      Retail Building with Mezzanine

      3,200 SF retail building with drive-up window.
      1764 Herlong Village Dr, Rock Hill, SC 29732
      View Details
    • $1,100,000

      Rock Hill Retail Investment Opportunity

      Two leased commercial/retail buildings near Winthrop University in Rock Hill.
      1013 Oakland Ave, Rock Hill, SC 29732
      View Details
    • $495,000

      Medical Office Condo For Sale

      Medical office condo located on Piedmont Medical Center campus.
      200 S Herlong Ave, Rock Hill, SC 29732
      View Details
    • $625,000

      Retail/Office Properties For Sale

      Two retail/office properties with tenants in place for sale.
      1135 North Anderson Rd, Rock Hill, SC 29730
      View Details
    • $1,795,000
      7,246 SF

      Freestanding Office Building in Rock Hill

      7,246 SF commercial building in high-traffic Rock Hill corridor.
      1601 Ebenezer Rd, Rock Hill, SC 29732
      View Details

    FAQs

    What type of property is this?
    Retail space - 21,548 SF retail/flex building on 1.73 acres.
    Where is this retail space located?
    The property is located at 247 Hands Mill Hwy Rock Hill, SC.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - +/-21,548 SF free-standing building suitable for retail, special purpose, or flex use.; - High security construction from former indoor gun range.; - Located on a +/-1.73 acre corner site on Hands Mill Road/Hwy. 274.
    (803) 325-1000
    Request Owner's contact information
    247 Hands Mill Hwy Rock Hill, SC 29732
    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.
    247 Hands Mill Hwy
    Rock Hill, SC 29732
    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
    247 Hands Mill Hwy Rock Hill, SC 29732
    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

    We can help!
    Listing Contact
    Randy Graham
    Randy Graham
    Real Estate License ID: 11640
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!