Retail Street-Front
For Sale
Contact for pricing
852 Gold Hill Road, Fort Mill, SC 29708
Retail unit in Gold Hill Commerce Park, built in 2003 and renovated in 2011.
Property Size1,875 SF
Price / SF$346.61
Days on Market146
Property Features for 852 Gold Hill Road
General Information
Standard status
Active
Size
1,875 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2003
Year Renovated
2011
Listing Agency:
Coldwell Banker Realty
Listed By:
Nick Lancetti · License #120020
(980) 999-0399
Source:
Crexi
Added: Apr 14
Changed: Aug 23
Last Checked: Sep 1 at 9:44PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Retail street-front unit at Gold Hill Commerce Park Building 2, Unit 101, located at 852 Gold Hill Road in Fort Mill, South Carolina. The property was built in 2003 and renovated in 2011.
The surrounding area includes nearby destinations such as Carowinds amusement park, Anne Springs Close Greenway, and Kingsley Town Center. Access to major highways is referenced as available in the commerce park area.
The unit is presented as a retail investment opportunity within Gold Hill Commerce Park.
The surrounding area includes nearby destinations such as Carowinds amusement park, Anne Springs Close Greenway, and Kingsley Town Center. Access to major highways is referenced as available in the commerce park area.
The unit is presented as a retail investment opportunity within Gold Hill Commerce Park.
Key Highlights
- Retail/Street Retail unit in Gold Hill Commerce Park at 852 Gold Hill Road
- 11875 SF retail space, built in 2003
- Renovated in 2011
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
$25,356
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
3.90%
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%
$507,120
$507.1K
Cap Rate 7%
$362,229
$362.2K
Cap Rate 9%
$281,733
$281.7K
Market Conditions
NOI Build-Up for 1,875 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
$37.6K $20.04/SF
− Vacancy
−$1.4K −$0.72/SF
EGI
$36.2K $19.32/SF
− OpEx
−$10.9K −$5.80/SF
NOI
$25.4K $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%
$507,120
Cap Rate 7%
$362,229
Cap Rate 9%
$281,733
Alternative Uses
Best Use
Retail
$362.2K
$317.0K – $422.6K
NOI $25,356 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$440.9K
$385.8K – $514.4K
NOI $30,865 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 29708, SC
40,227
Population
16,296
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
97%
High-School Grad
19.0 sq mi
ZIP Area
2,117
Density / Sq Mi
$129,304
Median Household Income
$65,927
Median Earnings
$1,588
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail unit in Gold Hill Commerce Park, built in 2003 and renovated in 2011.
Where is this retail space located?
The property is located at 852 Gold Hill Road Fort Mill, SC.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Retail/Street Retail unit in Gold Hill Commerce Park at 852 Gold Hill Road; 11875 SF retail space, built in 2003; Renovated in 2011
