Flex Space with
For Sale
Contact for pricing
600 Huey Rd, Rock Hill, SC 29730
Industrial flex property combining office, warehouse, manufacturing, covered storage, loading access, and expansion area.
Property Size43,628 SF
Lot Size6.14 Acres
Price / SF$148.99
Days on Market17
Property Features for 600 Huey Rd
General Information
Standard status
Active
Size
43,628 SF
Lot size
6.14 Acres
Property subtype
INDUSTRIAL
Zoning
UD
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
32,745 SF
Office Build-Out
3,795 SF
Mezzanine
400 SF
Dock-High Doors
3
Drive-In Doors
3
Building Details
Building Size
43,628 SF
Listing Agency:
Cresa | Charlotte
(704) 236-4673
Listed By:
Scott Dumler · License #8831
(704) 236-4673
Source:
Moodyscre
Added: Aug 13
Changed: Aug 16
Last Checked: Aug 28 at 7:59PM
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 Cresa | Charlotte
Investment Insights
Based on property information with market context.
This 43,628 SF flex property includes 3,795 SF of office space, 32,745 SF dedicated to warehouse and manufacturing functions, and 7,088 SF of covered outside storage. A separate 400 SF mezzanine is also present and excluded from the stated building area. Loading infrastructure includes three 8’x10’ dock-high doors, two 16’x20’ drive-in doors, and one additional 8’x10’ drive-in door.
The property occupies 6.138 acres and includes approximately 1.25 acres of existing yard, parking, and IOS area. Another approximately 0.80 acres is cleared and graded for potential yard expansion. The site is designated UD zoning, located 0.3 miles from Hwy. 21 and 1.5 miles from I-77 through the new Palmetto Pkwy. Exit 81.
The property occupies 6.138 acres and includes approximately 1.25 acres of existing yard, parking, and IOS area. Another approximately 0.80 acres is cleared and graded for potential yard expansion. The site is designated UD zoning, located 0.3 miles from Hwy. 21 and 1.5 miles from I-77 through the new Palmetto Pkwy. Exit 81.
Key Highlights
- 43,628 SF flex property on 6.138 acres
- 3,795 SF of office and 32,745 SF of warehouse/manufacturing area
- 7,088 SF of covered outside storage plus a 400 SF mezzanine
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
$508,627
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
7.83%
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%
$10,172,540
$10.2M
Cap Rate 7%
$7,266,100
$7.3M
Cap Rate 9%
$5,651,411
$5.7M
Market Conditions
NOI Build-Up for 43,628 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
$874.3K $20.04/SF
− Vacancy
−$91.8K −$2.10/SF
EGI
$782.5K $17.94/SF
− OpEx
−$273.9K −$6.28/SF
NOI
$508.6K $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%
$10,172,540
Cap Rate 7%
$7,266,100
Cap Rate 9%
$5,651,411
Alternative Uses
Best Use
Flex RnD
$7.27M
$6.36M – $8.48M
NOI $508,627 @ 7.0% cap · market cap 7.83%
Second Best
Warehouse
$6.77M
$5.92M – $7.90M
NOI $473,953 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$10.26M
$8.98M – $11.97M
NOI $718,170 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Dock-high doors
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property combining office, warehouse, manufacturing, covered storage, loading access, and expansion area.
Where is this flex space located?
The property is located at 600 Huey Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 43,628 SF flex property on 6.138 acres; 3,795 SF of office and 32,745 SF of warehouse/manufacturing area; 7,088 SF of covered outside storage plus a 400 SF mezzanine
