Historic Downtown
For Sale
$130,000
Pending
7 E Liberty Street, York, SC 29745
Compact commercial space with B-1 zoning, a display window, plumbing, and separate rear access.
Property Size1,920 SF
Days on Market51
Property Features for 7 E Liberty Street
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Free Standing Store
Zoning
B-1
Amenities
Flat
Public Sewer
Additional parcels description:, Parcel Number: 070-04-01-032, Assessed Value: $78,000
Concrete
Wall Unit(s)
Listing ID: CAR4411584, Standard Status: Active Under Contract, MLS Status: Under Contract-Show, Property Subtype: Free Standing Store, 45 days on market, Special Conditions: None
Other Parking: Public parking available throughout downtown and directly behind the building.
Built in 1920, Living area: 337, 1 building, Construction Materials: Block, Brick Partial
County/Parish: York
City
Cable Available, Electricity Connected, Water Source: City
Slab
Frontage Type: County Road, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
1,920 SF
Year Built
1920
Listing Agency:
Homeland Realty Group LLC
(803) 818-5362
Listed By:
Danielle Childers · License #74226
(803) 370-5364
Source:
Blackstreaminternational
Added: Aug 6
Changed: Sep 24
Last Checked: Sep 24 at 9:20AM
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 Homeland Realty Group LLC
Investment Insights
Based on property information with market context.
This 337± square-foot storefront was built in 1920 and includes a street-facing entry, display window, open interior, existing sink and plumbing, and an additional entrance at the rear. The space previously operated as a salon/barbershop, providing an established commercial layout for a small storefront business.
The property is located at 7 E. Liberty Street in York’s historic downtown and falls within the city’s B-1 Central Business District zoning. It is also situated in York’s National Register Historic District, with the property additionally listed on the National Register of Historic Places in 1979.
The property is located at 7 E. Liberty Street in York’s historic downtown and falls within the city’s B-1 Central Business District zoning. It is also situated in York’s National Register Historic District, with the property additionally listed on the National Register of Historic Places in 1979.
Key Highlights
- 337± square‑foot commercial storefront
- B‑1 Central Business District zoning
- Street‑front entrance with display window
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
$4,557
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
3.51%
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%
$91,140
$91.1K
Cap Rate 7%
$65,100
$65.1K
Cap Rate 9%
$50,633
$50.6K
Market Conditions
NOI Build-Up for 337 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
$6.8K $20.04/SF
− Vacancy
−$243 −$0.72/SF
EGI
$6.5K $19.32/SF
− OpEx
−$2.0K −$5.80/SF
NOI
$4.6K $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%
$91,140
Cap Rate 7%
$65,100
Cap Rate 9%
$50,633
Alternative Uses
Best Use
Retail
$65.1K
$57.0K – $76.0K
NOI $4,557 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$79.2K
$69.3K – $92.5K
NOI $5,547 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Tony's Pizza
Dining
1,537 visits/mo
0.2 miles
Demographics for 29745, SC
32,602
Population
13,765
Households
2.4
Avg Household Size
41
Median Age
21%
College-Educated
87%
High-School Grad
135.8 sq mi
ZIP Area
240
Density / Sq Mi
$75,665
Median Household Income
$42,676
Median Earnings
$961
Median Rent
$242,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial space with B-1 zoning, a display window, plumbing, and separate rear access.
Where is this storefront property located?
The property is located at 7 E Liberty Street York, SC.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: 337± square‑foot commercial storefront; B‑1 Central Business District zoning; Street‑front entrance with display window
