Freestanding Office
For Sale
Contact for pricing
500 Lakeshore Parkway, Rock Hill, SC 29730
Single-story layout includes private offices, reception areas, conference space, workstations, and on-site parking.
Property Size6,560 SF
Lot Size1.18 Acres
Price / SF$258.99
Days on Market51
Property Features for 500 Lakeshore Parkway
General Information
Standard status
Active
Size
6,560 SF
Class
B
Total Parking Spaces
64
Lot size
1.18 Acres
Property subtype
Office, Mixed Use, Special Purpose
Zoning
Planned Unit Development
Lease Type
NNN
Additional Details
Highway Access
Yes
Amenities
walking trails
lake frontage
conference space
Building Details
Year Built
1994
Year Renovated
2019
Buildings
1
Stories
1
Building Size
6,560 SF
Listing Agency:
Avison Young - Greenville
Listed By:
Will Hannah · License #144350
(864) 508-4525
Source:
Crexi
Added: Jul 29
Changed: Sep 8
Last Checked: Sep 16 at 4:48PM
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 Avison Young - Greenville
Investment Insights
Based on property information with market context.
This freestanding, single-story office building contains approximately 6,560 square feet on 1.18 acres. The interior includes private offices, reception and waiting areas, conference space, workstations, and parking on the premises. Plumbing access in many offices reflects the property’s former medical-office configuration and may support a return to that use.
The property sits within a business park with walking trails, lake frontage, and a professionally maintained setting. York Technical College is directly across Lakeshore Parkway, while Interstate 77 is just over a mile away. The Rock Hill address offers access to downtown Rock Hill and the broader Charlotte market.
The property sits within a business park with walking trails, lake frontage, and a professionally maintained setting. York Technical College is directly across Lakeshore Parkway, while Interstate 77 is just over a mile away. The Rock Hill address offers access to downtown Rock Hill and the broader Charlotte market.
Key Highlights
- ±6,560‑square‑foot freestanding office building
- Approximately 1.18 acres with lake frontage and walking trails
- Former medical‑office configuration with plumbing access in many offices
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
$87,406
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
5.14%
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%
$1,748,120
$1.7M
Cap Rate 7%
$1,248,657
$1.2M
Cap Rate 9%
$971,178
$971.2K
Market Conditions
NOI Build-Up for 6,560 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
$124.4K $18.96/SF
− Vacancy
−$7.8K −$1.19/SF
EGI
$116.5K $17.77/SF
− OpEx
−$29.1K −$4.44/SF
NOI
$87.4K $13.32/SF
Area
York County, SC
Vacancy
6.30%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,748,120
Cap Rate 7%
$1,248,657
Cap Rate 9%
$971,178
Alternative Uses
Best Use
Office B
$1.25M
$1.09M – $1.46M
NOI $87,406 @ 7.0% cap · market cap 5.14%
Second Best
Healthcare Medical
$1.01M
$882.4K – $1.18M
NOI $70,595 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,986 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 29730, SC
57,325
Population
26,209
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
89%
High-School Grad
119.4 sq mi
ZIP Area
480
Density / Sq Mi
$63,122
Median Household Income
$39,484
Median Earnings
$1,234
Median Rent
$239,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Single-story layout includes private offices, reception areas, conference space, workstations, and on-site parking.
Where is this office building located?
The property is located at 500 Lakeshore Parkway Rock Hill, SC.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: ±6,560‑square‑foot freestanding office building; Approximately 1.18 acres with lake frontage and walking trails; Former medical‑office configuration with plumbing access in many offices
