Fort Mill Flex Building
For Sale
Contact for pricing
330-344 Springhill Farm Rd, Fort Mill, SC 29715
13,332 SF flex building in high-demand Fort Mill market.
Property Size13,332 SF
Lot Size1.59 Acres
Price / SF$187.52
Days on Market174
Property Features for 330-344 Springhill Farm Rd
General Information
Standard status
Active
Size
13,332 SF
Class
B
Lot size
1.59 Acres
Property subtype
Industrial, Mixed Use
Zoning
UD (Urban Development)
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1999
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Regent Commercial Real Estate
(704) 910-9518
Listed By:
Brian Smith · License #NC 270734
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Aug 9 at 8:43AM
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 Regent Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 330-344 Springhill Farm Rd in Fort Mill, SC, this flex building offers 13,332 square feet of space, featuring a mix of industrial and office areas. Constructed in 1996, the property includes a clear height of 18 feet and is equipped with 8 drive-in doors. Situated on a 1.59-acre lot, the site offers high visibility in a rapidly growing corridor, surrounded by established residential and retail developments. The property provides 42 surface parking spaces and convenient access to major transportation routes. HVAC replacements have been paid for by the landlord. The property is projected to have a 2026 Net Operating Income (NOI) of $125,300 and a 2027 NOI of $174,600.
Key Highlights
- Projected NOI growth from $125,300 (2026) to $174,600 (2027).
- High‑visibility location in a rapidly growing corridor.
- 13,332 SF Flex Building with industrial and office space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,108,560
$3.1M
Cap Rate 7%
$2,220,400
$2.2M
Cap Rate 9%
$1,726,978
$1.7M
Market Conditions
NOI Build-Up for 13,332 SF
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.
Gross rent
$267.2K $20.04/SF
− Vacancy
−$28.1K −$2.10/SF
EGI
$239.1K $17.94/SF
− OpEx
−$83.7K −$6.28/SF
NOI
$155.4K $11.66/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,108,560
Cap Rate 7%
$2,220,400
Cap Rate 9%
$1,726,978
Alternative Uses
Best Use
Flex RnD
$2.22M
$1.94M – $2.59M
NOI $155,428 @ 7.0% cap · market cap 6.22%
Second Best
Warehouse
$2.07M
$1.81M – $2.41M
NOI $144,832 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$3.14M
$2.74M – $3.66M
NOI $219,461 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29715, SC
41,491
Population
16,499
Households
2.5
Avg Household Size
37
Median Age
51%
College-Educated
96%
High-School Grad
35.0 sq mi
ZIP Area
1,185
Density / Sq Mi
$111,323
Median Household Income
$57,483
Median Earnings
$1,491
Median Rent
$416,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TAWA RASOI — 3555 Centre Cir Suite A & B, Fort Mill, SC 29715
- Krave Catering — 3555 Centre Cir, Fort Mill, SC 29715
- JamRock Jerk Spot Food Truck — Kitchen ONLY, 3555 Centre Cir, Fort Mill, SC 29715
- A Family Affair Kitchen & Catering — 3555 Centre Cir, Fort Mill, SC 29715
- Krave Food Truck — 3555 Centre Cir, Fort Mill, SC 29715
Frequently Asked Questions
What type of property is this?
Flex space - 13,332 SF flex building in high-demand Fort Mill market.
Where is this flex space located?
The property is located at 330-344 Springhill Farm Rd Fort Mill, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Projected NOI growth from $125,300 (2026) to $174,600 (2027).; High‑visibility location in a rapidly growing corridor.; 13,332 SF Flex Building with industrial and office space.
