Retail Building Near
For Sale
$300,000
641 Crawford Rd, Rock Hill, SC 29730
Free-standing retail building near Downtown Rock Hill, South Carolina.
Property Size1,794 SF
Lot Size0.50 Acres
Price / SF$171.43
Days on Market190
Property Features for 641 Crawford Rd
General Information
Standard status
Active
Size
1,794 SF
Lot size
0.50 Acres
Property subtype
Retail
Building Details
Building Size
1,794 SF
Year Built
1965
Listing Agency:
SVN | Southern Commercial
Listed By:
Randy Graham · License #11640
(803) 322-7228
Source:
Svn
Added: Feb 26
Changed: Aug 31
Last Checked: Sep 4 at 5:07AM
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 SVN | Southern Commercial
Investment Insights
Based on property information with market context.
This free-standing retail building, previously operated as a neighborhood market, offers approximately 1,750 square feet of space on around half an acre of land. Constructed in 1965, the property features 12 designated parking spaces and the potential for on-site expansion. The property is suited for a retail or street retail investor seeking a strategic location near Downtown Rock Hill, South Carolina. It is located in the Charlotte Metro area.
Key Highlights
- Freestanding retail building in the Charlotte Metro area.
- Strategic location near Downtown Rock Hill, SC.
- Approximately 1,750 SF of prime space on around half an acre.
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
$23,665
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
7.89%
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%
$473,300
$473.3K
Cap Rate 7%
$338,071
$338.1K
Cap Rate 9%
$262,944
$262.9K
Market Conditions
NOI Build-Up for 1,750 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
$35.1K $20.04/SF
− Vacancy
−$1.3K −$0.72/SF
EGI
$33.8K $19.32/SF
− OpEx
−$10.1K −$5.80/SF
NOI
$23.7K $13.52/SF
Area
York County, SC
Vacancy
3.60%
Lease Rate
$20.04 /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%
$473,300
Cap Rate 7%
$338,071
Cap Rate 9%
$262,944
Alternative Uses
Best Use
Retail
$338.1K
$295.8K – $394.4K
NOI $23,665 @ 7.0% cap · market cap 7.89%
Second Best
Specialty Retail
$336.3K
$294.3K – $392.4K
NOI $23,541 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$411.5K
$360.1K – $480.1K
NOI $28,807 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 93%
Dining 7%
Family Dollar
Shops & Services
5,970 visits/mo
0.5 miles
Pelican's SnoBalls
Dining
453 visits/mo
0.5 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Free-standing retail building near Downtown Rock Hill, South Carolina.
Where is this grocery and convenience store located?
The property is located at 641 Crawford Rd Rock Hill, SC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Freestanding retail building in the Charlotte Metro area.; Strategic location near Downtown Rock Hill, SC.; Approximately 1,750 SF of prime space on around half an acre.
