Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    986 Wellness Way Fort Mill, SC 29715
    Back to Search
    Property profile & analytics

    986 Wellness Way, Fort Mill, SC 29715

    View on Map
    • Office Spaces
    • 60,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 986 Wellness Way

    Year built
    2022
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Class A medical office building, situated at 986 Wellness Wy, Fort Mill, SC 29715, offers a prime opportunity for healthcare providers. Completed in 2022, the single, three-story building boasts 60,000 square feet of space, with multiple suites available ranging from 1,904 to 5,290 contiguous square feet. Currently, 10,843 square feet is vacant and ready for immediate occupancy. The building features ample parking with 400 spaces and two elevators for convenient access. Its strategic location provides excellent visibility and accessibility for patients and staff. The property is ideally suited for a variety of medical practices, benefiting from its proximity to Piedmont Medical Center, creating a strong hospital-anchored environment. Tenants will appreciate the generous tenant improvement allowance (TIA) available to customize their space to meet specific needs. This is a rare opportunity to secure high-quality medical office space in a thriving South Carolina market. The building's modern design and amenities, combined with its convenient location and ample parking, make it an attractive option for medical professionals seeking a prestigious and functional workspace. Contact us today to learn more about the available suites and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.957
    Latitude
    35.0225

    Comparable in this City

    • Value Estimation by Request
      15,638 SF

      360 Fort Mill Pkwy

      Medical Office Space
      360 Fort Mill Pkwy, Fort Mill, SC 29715
      View Details
    • Value Estimation by Request
      22,961 SF

      5525 Arden Ml Dr

      Lifestyle centers
      5525 Arden Ml Dr, Fort Mill, SC 29715
      View Details
    • Value Estimation by Request
      60,000 SF

      986 Wellness Way

      Medical Office Space
      986 Wellness Way, Fort Mill, SC 29715
      View Details
    • Value Estimation by Request
      1.23 Acres

      3575 Andrew L Tucker Rd

      CONDOMINIUM OFFICES
      3575 Andrew L Tucker Rd, Fort Mill, SC 29715-8779
      View Details
    • Value Estimation by Request
      800 SF

      818 Fort Mill Pkwy

      Lifestyle centers
      818 Fort Mill Pkwy, Fort Mill, SC 29715
      View Details
    • Value Estimation by Request
      7,000 SF

      308 Springcrest Dr

      Office Spaces
      308 Springcrest Dr, Fort Mill, SC 29715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,075 SF

      Fort Mill Commercial Buildings Package

      Two commercial buildings totaling 3,075 SF on 87,120 SF land.
      124 Confederate St, Fort Mill, SC 29715
      View Details
    • Contact for pricing

      Class A Office/Retail Building

      Class A office/retail building in the heart of Fort Mill.
      111 Clebourne St, Fort Mill, SC 29715
      View Details
    • Contact for pricing
      750 SF

      Downtown Fort Mill Office Space

      Office space in downtown Fort Mill, SC, with good parking.
      118 Academy St, Fort Mill, SC 29715
      View Details
    • Contact for pricing
      13,332 SF

      Fort Mill Flex Building Opportunity

      13,332 SF flex building in high-demand Fort Mill market.
      330-344 Springhill Farm Rd, Fort Mill, SC 29715
      View Details
    • $275,000
      2.92 Acres

      Land in Fort Mill, SC

      2.92-acre property with 369 feet of road frontage.
      00A Briarwood Cir, Fort Mill, SC 29715
      View Details
    • $239,000
      Pending

      Residential Land in Fort Mill

      1.54 acre wooded parcel in desirable Fort Mill, SC.
      001 Roanoke Dr, Fort Mill, SC 29715
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space available in new 60,000 SF building.
      986 Wellness Way, Fort Mill, SC 29715
      View Details
    • Contact for pricing

      Industrial Facility with Office Space

      26,823 SF industrial facility with office and warehouse space.
      8190 Regent Pkwy, Fort Mill, SC 29715
      View Details
    • Contact for pricing
      60,000 SF

      Fort Mill Office Space Available

      60000 SF office space for rent in Fort Mill.
      534 Rivercrossing Dr, Fort Mill, SC 29715
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      105,844 SF

      Office Building Near I-77

      Two-story office building with ample parking and easy highway access.
      2341 Deerfield Dr, Fort Mill, SC 29715
      View Details
    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.
    986 Wellness Way
    Fort Mill, SC 29715
    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
    986 Wellness Way, Fort Mill, SC, 29715
    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!