Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1240 Cherry Rd Rock Hill, SC 29732-2508

    • Commercial real estate
    • 4,000 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1796947
    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

    • Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply

    Property Details for 1240 Cherry Rd

    Year built
    1975
    Lot size
    0.34 lot acres
    Property size
    4,000 SF
    Property type
    Commercial real estate
    APN
    631-14-08-003
    APU
    6311408003

    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
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -81.0161
    Latitude
    34.9523
    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
    $9,633
    $5,600
    $16,136
    $21,736
    -
    $102,000
    $293,922
    $395,922

    Comparable in this City

    • Value Estimation by Request
      3.19 Acres

      4240 Old York Rd

      Land • 3.19 Acres
      4240 Old York Rd, Rock Hill, SC 29732
      View Details
    • Value Estimation by Request
      8.00 Acres

      1794 Dr Frank Gaston Blvd

      COMMERCIAL (GENERAL) • 8.00 Acres
      1794 Dr Frank Gaston Blvd, Rock Hill, SC 29732-1172
      View Details
    • Value Estimation by Request
      1.62 Acres

      4500 Hbr Inn Rd

      COMMERCIAL (GENERAL) • 1.62 Acres
      4500 Hbr Inn Rd, Rock Hill, SC 29732-8672
      View Details
    • Value Estimation
      $1,630,000
      21,486 SF

      2344 Ridgerock Ln

      COMMERCIAL (GENERAL) • 21,486 SF
      2344 Ridgerock Ln, Rock Hill, SC 29732-9831
      View Details
    • Value Estimation
      $1,185,000
      10,778 SF

      1436 Riverchase Blvd

      COMMERCIAL (GENERAL) • 10,778 SF
      1436 Riverchase Blvd, Rock Hill, SC 29732-1777
      View Details
    • Value Estimation by Request
      1,636 SF

      1303 Riverchase Blvd

      COMMERCIAL (GENERAL) • 1,636 SF
      1303 Riverchase Blvd, Rock Hill, SC 29732-2793
      View Details

    Similar Nearby for Sale

    • $2,500,000
      26.00 Acres

      Rawlinson Road Commercial Land

      26 Acres, Rock Hill, SC Development Opportunity
      357 Rawlinson Rd, Rock Hill, SC 29732
      View Details
    • Contact for pricing
      1.50 Acres

      Rock Hill Commercial Land Opportunity

      1.5-acre lot, high-traffic location
      4127 Celanese Rd, Rock Hill, SC 29732
      View Details
    • $1,895,000
      1.65 Acres

      Rock Hill Commercial Land - $1.895M

      1.65 Acres, High-Traffic Location, Prime Development Site
      2601 Cherry Rd, Rock Hill, SC 29732
      View Details
    • $1,595,000
      12.76 Acres

      Rock Hill Commercial Land - 12.75 Acres

      Prime Commercial Land, High Visibility, Development Ready
      5053 Old York Rd, Rock Hill, SC 29732
      View Details
    • $485,000
      3.19 Acres

      Rock Hill Commercial Land Parcel

      Prime 3-acre development site in SC
      4240 Old York Rd, Rock Hill, SC 29732
      View Details
    • $360,000
      0.82 Acres

      Rock Hill Commercial Land - $360K

      0.82-acre lot, light commercial zoning, near Winthrop University.
      1014 Richland St, Rock Hill, SC 29732
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,000 SF

      Mills Park Medical Office Space

      Rock Hill, SC: 14,000 SF Available
      2670 Mills Park Dr, Rock Hill, SC 29732
      View Details
    • Contact for pricing
      2,010 SF

      Rock Hill Retail Strip Center

      2,010 SF Available, High Visibility
      295 Herlong Ave, Rock Hill, SC 29732
      View Details
    • Contact for pricing
      8,400 SF

      Rock Hill Retail Redevelopment Opportunity

      8400 SF building across from Cherry Park in Rock Hill.
      1501 Cherry Rd, Rock Hill, SC 29732
      View Details
    • $5,900,000
      12,180 SF

      Rock Hill Retail Opportunity

      Former bank building with subdivision potential and ample parking.
      2609 Celanese Rd, Rock Hill, SC 29732
      View Details
    • $6,000 /Mo

      Redevelopment Site Near I-77

      Redevelopment site with excellent access near Cherry Road Crossing.
      2300 Cherry Rd, Rock Hill, SC 29732
      View Details
    • $2,200 /Mo
      1,620 SF

      Office/Retail Space with Garage Storage

      Office or retail space with garage storage available for rent.
      1136 Mt. Gallant Rd, Rock Hill, SC 29732
      View Details

    Property Visit Statistics

    • Visits by month
      1.6k
    • Visitors by month
      1.6k
    • Avg Time on site
      20 min
    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.
    1240 Cherry Rd
    Rock Hill, SC 29732-2508
    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

    Google sign-in failed. Please try again or use another login method.