Chiropractic Office
For Sale
$850,000
518 North Avenue, Rock Hill, SC 29732
Former chiropractic clinic offering exam and therapy rooms alongside private offices for flexible medical and office use.
Property Size7,000 SF
Price / SF$121.43
Days on Market51
Property Features for 518 North Avenue
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
REEVES REALTY & ASSOCIATES
(803) 329-2151
Listed By:
STEVE REEVES · License #230558
Source:
Corcoran
Added: Jun 10
Changed: Jul 10
Last Checked: Jul 30 at 12:51PM
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 REEVES REALTY & ASSOCIATES
Investment Insights
Based on property information with market context.
This former chiropractic clinic includes a lobby and reception area, private offices, exam rooms, a break room, and therapy room space. The property also features additional office spaces that may support leasing for multiple users. There is an X-ray machine that may be available for additional purchase, depending on terms.
Located at 518 North Avenue in Rock Hill, South Carolina, the building provides an established medical office layout with both public-facing and treatment spaces. The property currently has two upstairs office spaces that are vacant and leased, indicating an arrangement that can support occupancy planning across the building.
For an owner-operator or investor, the combination of reception, private offices, and dedicated exam and therapy rooms can fit a range of healthcare and related professional tenants. The ability to lease additional office space may also appeal to users looking to control their own operating space while accommodating separate tenancy elsewhere in the building. Prospective buyers should review the existing configuration and inquire about the X-ray machine availability to confirm final suitability for their intended use.
Located at 518 North Avenue in Rock Hill, South Carolina, the building provides an established medical office layout with both public-facing and treatment spaces. The property currently has two upstairs office spaces that are vacant and leased, indicating an arrangement that can support occupancy planning across the building.
For an owner-operator or investor, the combination of reception, private offices, and dedicated exam and therapy rooms can fit a range of healthcare and related professional tenants. The ability to lease additional office space may also appeal to users looking to control their own operating space while accommodating separate tenancy elsewhere in the building. Prospective buyers should review the existing configuration and inquire about the X-ray machine availability to confirm final suitability for their intended use.
Key Highlights
- Year built 1980—former chiropractic clinic with lobby/reception, private offices, exam rooms, therapy room, and break room
- Includes additional office spaces that can be leased for extra income
- X‑ray machine may be available for additional purchase—ask for details
Financial Insights For Healthcare Medical
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 | $140.3k | $20.04 |
| − Vacancy | −$14.7k | −$2.10 |
| EGI | $125.6k | $17.94 |
| − OpEx | −$50.2k | −$7.17 |
| NOI | $75.3k | $10.76 |
7,000 SF · lease $20.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.33M
$1.17M – $1.55M
NOI $93,269 @ 7.0% cap · market cap 10.97%
Second Best
Healthcare Medical
$1.08M
$941.6K – $1.26M
NOI $75,330 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,229 @ 7.0% cap · market cap 13.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
878
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29732, SC
59,417
Population
24,926
Households
2.4
Avg Household Size
41
Median Age
40%
College-Educated
95%
High-School Grad
52.8 sq mi
ZIP Area
1,125
Density / Sq Mi
$79,936
Median Household Income
$44,650
Median Earnings
$1,293
Median Rent
$301,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Former chiropractic clinic offering exam and therapy rooms alongside private offices for flexible medical and office use.
Where is this medical office space located?
The property is located at 518 North Avenue Rock Hill, SC.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Year built 1980—former chiropractic clinic with lobby/reception, private offices, exam rooms, therapy room, and break room; Includes additional office spaces that can be leased for extra income; X‑ray machine may be available for additional purchase—ask for details
