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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    112 Academy St Fort Mill, SC 29715

    • Commercial real estate
    • 5,248 SF
    • 0.27 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-3006053
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • York County Natural Gas / Gas Company
    • Craft Axe Throwing / Family Recreation Center

    Property Details for 112 Academy St

    Lot size
    0.27 lot acres
    Property size
    5,248 SF
    Property type
    Commercial real estate
    APN
    020-06-01-046
    APU
    200601046

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.9445
    Latitude
    35.0065
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,880
    $6,480
    $34,445
    $40,925
    -
    $108,000
    $574,084
    $682,084

    Comparable in this City

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      212 White St

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    • Value Estimation
      $775,000
      12,000 SF

      1222 Quarry Overlook Dr

      COMMERCIAL (GENERAL) • 12,000 SF
      1222 Quarry Overlook Dr, Fort Mill, SC 29715-8904
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      $1,520,000
      24,000 SF

      8190 Regent Pkwy

      COMMERCIAL (GENERAL) • 24,000 SF
      8190 Regent Pkwy, Fort Mill, SC 29715-8366
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    • Value Estimation
      $1,435,000
      22,458 SF

      3300 Terrys Rd

      COMMERCIAL (GENERAL) • 22,458 SF
      3300 Terrys Rd, Fort Mill, SC 29715
      View Details
    • Value Estimation
      $3,145,000
      50,444 SF

      1399 Hwy 160th E

      COMMERCIAL (GENERAL) • 50,444 SF
      1399 Hwy 160th E, Fort Mill, SC 29715-7066
      View Details
    • Value Estimation
      $550,000
      4,768 SF

      1600 Hwy 160th E

      COMMERCIAL (GENERAL) • 4,768 SF
      1600 Hwy 160th E, Fort Mill, SC 29715
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fort Mill Land Opportunity

      Land in fast-growing Fort Mill near Kingsley and Baxter Village.
      1876 Coltharp Rd, Fort Mill, SC 29715
      View Details
    • $1,200,000

      Development Site Near Highway 160

      2.425 AC development site zoned for various commercial uses.
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      Residential Land in Fort Mill

      1.42 acre wooded parcel in desirable Fort Mill, SC.
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    • $3,800,000
      36.00 Acres

      Prime Multifamily Development Opportunity

      36-acre property in York County, South Carolina, zoned RMX-10.
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      Commercial Land in Master-Planned Community

      Commercial land available within a master-planned community.
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      Residential Land in Fort Mill

      Almost acre lot in award-winning Fort Mill school district.
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    Similar Nearby for Lease

    • Contact for pricing
      467,369 SF

      Centerpoint Carolinas Warehouse Space

      Fort Mill, SC industrial warehouse for lease.
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      5,400 SF

      Fort Mill Flex/Industrial Space

      Flex/industrial space with convenient access to I-77 and Carowinds Boulevard.
      3649 Centre Cir, Fort Mill, SC 29715
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    • $29 SF/Yr
      800 SF

      Retail Space in Fort Mill

      Retail space available for lease in Fort Mill, SC.
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      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent at signalized intersection.
      Highway 21, 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.
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    • Contact for pricing
      6,000 SF

      Retail and Restaurant Space Available

      Retail and restaurant spaces available in a fast-growing Fort Mill area.
      1918 North Dobys Bridge Rd, Fort Mill, SC 29715
      View Details
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    112 Academy St
    Fort Mill, SC 29715
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    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
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