Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Locke Ln Rock Hill, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land suitable for hotel, restaurant, or retail in Rock Hill.

    Type:LAND
    Lot size:
    2.00 Acres
    Added:
    Jan 20, 2021
    Days on Market:
    1931
    Last Refresh:
    Apr 5 at 8:40 pm

    Property Features for Locke Ln

    General Information

    Standard status
    Active
    Lot size
    2.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Debbie Weatherby

    Listing agent Debbie Weatherby

    Listing office The Tuttle Company

    Listing date Jan 20, 2021

    Source Moodyscre

    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 The Tuttle Company

    Overview

    Rock Hill Land For Sale

    This property offers approximately 2 to 5 acres of land zoned OI within the city of Rock Hill. The seller is open to selling subject to rezoning. The site is suitable for a hotel, restaurant, or neighborhood retail center. It is located approximately 1 mile from I-77 (Exit 79) via Dave Lyle Blvd and Red River Rd. Situated in the heart of the Dave Lyle Blvd retail corridor, the property is minutes from Antrim, Riverwalk, and Waterford Business Parks, and approximately 2.5 miles from the proposed Carolina Panthers Headquarters & Practice/Training Facility, which will feature sports entertainment venues and a mixed-use village.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -80.9557
    Latitude
    34.9421

    Nearby Similar for Sale

    • $1,200,000

      Versatile Commercial Property in Rock Hill

      Adaptable commercial space suitable for diverse business ventures.
      130 Elizabeth Lane N, Rock Hill, SC 29730
      View Details
    • $750,000

      Commercial Lot Near Interstate 77

      Unimproved commercial lot with high traffic and development potential.
      1405 Saluda Street, Rock Hill, SC 29730
      View Details
    • $125,000

      Residential Land in Established Neighborhood

      Over half-acre homesite perfect for custom home with walk-out basement.
      2409 Falling Leaf Court, Rock Hill, SC 29732
      View Details
    • $1,600,000

      Rock Hill Commercial Land Opportunity

      1.19 acres in Rock Hill's Opportunity Zone.
      218 Adams Street, Rock Hill, SC 29730
      View Details
    • $100,000

      Rock Hill Build-Ready Land

      1.75 acres of build-ready land in a rural setting.
      489 & 491 Mimosa Road, Rock Hill, SC 29730
      View Details
    • $465,000

      Renovated Commercial Property in Rock Hill

      Completely renovated commercial property with additional lot available.
      3217 Celanese Road, Rock Hill, SC 29732
      View Details
    • $185,000

      Rock Hill Acreage for Custom Home

      4.82 acre lot, ready for custom home construction.
      313 E Highway 324, Rock Hill, SC 29732
      View Details
    • $1,200,000

      Prime Commercial Land Opportunity

      4 acres in Newport location with commercial potential.
      5185 Green meadow Drive, Rock Hill, SC 29732
      View Details
    • $179,900

      Rock Hill Land Opportunity

      4 acres of land in Rock Hill, SC, no HOA.
      629 Powell Street, Rock Hill, SC 29732
      View Details
    • $299,000

      Rare Rural Retreat Near Rock Hill

      13.97 acre lot near Lake Wylie and Rock Hill.
      952 W Oak Drive, Rock Hill, SC 29732
      View Details
    • $300,000

      6 Acres Cleared Land, Rock Hill

      6+ acres of unrestricted land with road frontage in Rock Hill.
      Tract 1 Mobley Store Road, Rock Hill, SC 29730
      View Details
    • $55,900

      Residential Lot in Rock Hill

      0.53-acre residential lot in established Rock Hill neighborhood.
      17A Channing Park Way, Rock Hill, SC 29732
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for hotel, restaurant, or retail in Rock Hill.
    Where is this commercial land located?
    The property is located at Locke Ln Rock Hill, SC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Located in the Heart of the Dave Lyle Blvd Retail Corridor; Excellent Site for Hotel, Restaurant, and/or Neighborhood Retail Center; Located ±1 Mile to I‑77 (Exit 79)
    (704) 408-8701 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Debbie Weatherby
    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
    Locke Ln, Rock Hill, SC
    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!