Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Medical/Office Development Title is generated by Realmo AI

    1170 Edgewater Pkwy, Fort Mill, SC 29707

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    New medical/office development in Edgewater Corporate Park. Leasing now!

    Type:Office
    Property size:
    60,000 SF
    Lot size:
    5.30 Acres
    Added:
    Jul 11, 2023
    Days on Market:
    1059
    Last Refresh:
    May 12 at 10:57 pm

    Property Features for 1170 Edgewater Pkwy

    General Information

    Standard status
    Active
    Size
    60,000 SF
    Lot size
    5.30 Acres
    Property subtype
    Office

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 1170 Edgewater Pkwy Contact us

    We can help!

    Listing Contact
    Thomas Auer

    Listing agent Thomas Auer License #1905

    Listing office Auer Real Estate

    Listing date Jul 11, 2023

    Source Crexi

    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 Auer Real Estate

    HighLights

    • New Class A Medical/Office Development
    • Located within 3 miles of 2 new hospitals
    • Suites start at 2,000 sf
    • Each unit is separately metered with private access
    • Building I shell completed in October 2023
    • Located in Edgewater Corporate Park on 5.3 acres

    Overview

    Located 3 miles south of Ballantyne, Edgewater Corporate Park is within 3 miles of two hospitals. A new Class A 60,000 square foot medical/office development is now leasing in Edgewater Corporate Park. The project includes three proposed buildings on 5.3 acres. Edgewater Medical I is a 14,496 square foot single-story building with 7,300 square feet remaining for lease. Edgewater Medical II is a 30,000 square foot two-story building with direct access to the first-floor suites and is now pre-leasing. Edgewater Medical III is a 14,496 square foot single-story building with direct access and is in Phase III. Suites start at 2,000 square feet. Each unit is separately metered with its own private access. The shell for Building I was completed in October 2023.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Companion Animal Hospital of Indian Land — 9955 Charlotte Hwy, Indian Land, SC 29707
    • NewDay Veterinary Care — 9881 Harrisburg Rd, Indian Land, SC 29707
    • VCA Indian Land Animal Hospital — 124 Fort Mill Hwy, Fort Mill, SC 29707

    Map

    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.8594
    Latitude
    34.9983

    Nearby Similar for Lease

    • $22 SF/Yr
      2,138 SF

      Historic Office Space in Fort Mill

      Exceptional leasing opportunity in downtown Fort Mill's thriving commercial district.
      100 Main St, Fort Mill, SC 29715
      View Details
    • $29 SF/Yr
      8,988 SF

      Spacious Office and Medical Suite

      8,988 SF professional office/medical suite in Fort Mill, SC.
      345 Patricia Lane, Fort Mill, SC 29708
      View Details
    • $32 SF/Yr
      1,211 SF

      Retail Space with Outdoor Patio

      Prime retail suite with patio in high-traffic Fort Mill.
      400 N Dobys Bridge Rd, Fort Mill, SC 29715
      View Details
    • $30 SF/Yr
      2,330 SF

      Medical Office Space For Rent

      Medical office space in established park, convenient location.
      105 Ben Casey Dr, Fort Mill, SC 29708
      View Details
    • $15 SF/Yr
      4,560 SF

      Fort Mill Flex/Retail Space

      Flex/retail space with ample parking and easy highway access.
      138 Massey St, Fort Mill, SC 29715
      View Details
    • $28 SF/Yr
      2,820 SF

      Office Space in Fort Mill

      Office suites available in rapidly growing Lancaster County.
      1061 Red Ventures Dr, Fort Mill, SC
      View Details
    • $4 SF/Yr
      500 SF

      Downtown Fort Mill Office Suite

      Charming 500 sq. ft. office suite in historic downtown.
      221 Main St, Fort Mill, SC 29715
      View Details
    • $8 SF/Yr
      125 SF

      Downtown Fort Mill Office Space

      Private rooms available within established wellness center in Fort Mill.
      227 Main St, Fort Mill, SC 29715
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail Space on Hwy 160

      Retail space for rent with high traffic volume.
      1504 Carolina Place Dr, Fort Mill, SC
      View Details
    • Contact for pricing
      149,732 SF

      Industrial Space in Fort Mill

      Available industrial space with dock doors and ample parking.
      3437 Stateview Boulevard, Fort Mill, SC, 29715
      View Details
    • $26 SF/Yr
      3,280 SF

      Office Space in High-Traffic Area

      Office space near Winthrop University and mixed-use development.
      222 Main Street, Fort Mill, SC
      View Details
    • $29 SF/Yr
      800 SF

      Retail Space in Fort Mill

      Retail space available for lease in Fort Mill, SC.
      818 Tom Hall St, Fort Mill, SC
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - New medical/office development in Edgewater Corporate Park. Leasing now!
    Where is this medical office space located?
    The property is located at 1170 Edgewater Pkwy Fort Mill, SC.
    What are key features of this property?
    This property features: New Class A Medical/Office Development; Located within 3 miles of 2 new hospitals; Suites start at 2,000 sf
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Auer
    Real Estate License ID: 1905
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1170 Edgewater Pkwy, Fort Mill, SC 29707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!