Industrial Building in Carolina's
For Sale
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3525 Centre Circle, Fort Mill, SC 29715
12,000 SF freestanding building in Fort Mill, South Carolina.
Property Size12,000 SF
Price / SF$200
Days on Market100
Property Features for 3525 Centre Circle
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Industrial
Zoning
UD in York County
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
MECA Commercial Real Estate
Listed By:
Cooper Bortz · License #358966
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Aug 28 at 12:25PM
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 MECA Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a freestanding 12,000 SF building located in Carolina's Point Business Park. The business park is a commercial and industrial development located in Fort Mill, South Carolina. The property is strategically positioned just off I-77, providing access to Charlotte, NC, and the surrounding region.
Key Highlights
- Freestanding 12,000 SF building
- Located in Carolina's Point Business Park, a premier commercial and industrial development
- Strategically positioned just off I‑77
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
$107,357
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
4.47%
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%
$2,147,140
$2.1M
Cap Rate 7%
$1,533,671
$1.5M
Cap Rate 9%
$1,192,856
$1.2M
Market Conditions
NOI Build-Up for 12,000 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
$171.4K $14.28/SF
− Vacancy
−$18.0K −$1.50/SF
EGI
$153.4K $12.78/SF
− OpEx
−$46.0K −$3.83/SF
NOI
$107.4K $8.95/SF
Area
York County, SC
Vacancy
10.50%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$2,147,140
Cap Rate 7%
$1,533,671
Cap Rate 9%
$1,192,856
Alternative Uses
Best Use
Industrial
$1.53M
$1.34M – $1.79M
NOI $107,357 @ 7.0% cap · market cap 4.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,535 @ 7.0% cap · market cap 8.23%
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
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
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Frequently Asked Questions
What type of property is this?
Industrial property - 12,000 SF freestanding building in Fort Mill, South Carolina.
Where is this industrial property located?
The property is located at 3525 Centre Circle Fort Mill, SC.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding 12,000 SF building; Located in Carolina's Point Business Park, a premier commercial and industrial development; Strategically positioned just off I‑77
