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

    1240 Chester Hwy York, SC 29745-2198

    • Commercial real estate
    • 10,459 SF
    • 1.60 lot acres
    OFF-MARKET
    Last Sale
    Jun 09, 2021
    $800
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2058371
    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 Motor Lodge / Motel / Hotel

    Property Details for 1240 Chester Hwy

    Year built
    1965
    Lot size
    1.60 lot acres
    Property size
    10,459 SF
    Property type
    Commercial real estate
    APN
    070-22-01-008
    APU
    702201008

    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
    York
    County
    York
    State
    South Carolina
    Longitude
    -81.2469
    Latitude
    34.9754
    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
    $11,535
    $9,684
    $12,233
    $21,917
    -
    $161,400
    $203,890
    $365,290

    Comparable in this City

    • Value Estimation by Request
      30.00 Acres

      Alexander Love Hwy

      Commercial real estate • 30.00 Acres
      Alexander Love Hwy, York, SC 29745
      View Details
    • Value Estimation by Request
      0.53 Acres

      13145 Hwy 55th W

      COMMERCIAL (GENERAL) • 0.53 Acres
      13145 Hwy 55th W, York, SC 29745-8751
      View Details
    • Value Estimation
      $1,580,000
      22,150 SF

      1568 Alexander Love E Hwy

      COMMERCIAL (GENERAL) • 22,150 SF
      1568 Alexander Love E Hwy, York, SC 29745-7707
      View Details
    • Value Estimation
      $705,000
      6,000 SF

      1514 Alexander Love E Hwy

      COMMERCIAL (GENERAL) • 6,000 SF
      1514 Alexander Love E Hwy, York, SC 29745-7769
      View Details
    • Value Estimation
      $1,340,000
      37,900 SF

      1337 Alexander Love Hwy

      COMMERCIAL (GENERAL) • 37,900 SF
      1337 Alexander Love Hwy, York, SC 29745-2331
      View Details
    • Value Estimation by Request
      5,460 SF

      Congress St

      COMMERCIAL (GENERAL) • 5,460 SF
      Congress St, York, SC 29745
      View Details

    Similar Nearby for Sale

    • $3,000,000
      30.00 Acres

      Prime York County Development Land

      30-Acre Tract, Approved Apartment Complex
      Alexander Love Hwy, York, SC 29745
      View Details
    • Contact for pricing
      15.78 Acres

      York County Industrial Land Parcel

      ±15 Acres, ID Zoning, $473,400
      0 Park Place Rd, York, SC 29745
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    • $165,000
      2.20 Acres

      two gas stations

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      00 Lincoln Rd, York, SC 29745
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    • Contact for pricing
      2.08 Acres

      York County Industrial Land

      Prime 2-Acre Commercial/Industrial Lot
      6696 Old York Rd, York, SC 29745
      View Details
    • Contact for pricing
      10.15 Acres

      York County Industrial Land

      10.15 Acres, Prime Location, $30k/Acre
      0 Park Place Rd, York, SC 29745
      View Details
    • $374,900
      1,129 SF

      Corner Lot Commercial Building

      Well-maintained building on a visible corner lot with expansion potential.
      1853 Lincoln Rd, York, SC 29745
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      11,356 SF

      Retail Space Available For Lease

      Retail property available for lease with 11,356 square feet.
      630 E Liberty St, York, SC 29745
      View Details
    • Contact for pricing

      Retail Space in York, SC

      Corner parcel available for lease in York's retail corridor.
      York, SC 29745
      View Details
    • $10 SF/Yr
      8,000 SF

      Retail Space in York, SC

      8,000 SF retail space available for lease.
      717 Liberty St E, York, SC 29745
      View Details
    • $1,000,000

      Prime Retail Pads Available

      3.488-acre corner site for sale, lease, or build-to-suit.
      1480 Alexander Love Hwy E, York, SC 29745
      View Details
    • Contact for pricing
      1,694 SF

      New Retail/Medical Building For Lease

      New construction retail/medical building with drive-thru available for lease.
      1530 Alexander Love Hwy E, York, SC 29745
      View Details
    • Contact for pricing

      Land for Rent in York

      Land available for rent at 715 E Liberty St, York, SC.
      715 E Liberty St, York, SC 29745
      View Details
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    1240 Chester Hwy
    York, SC 29745-2198
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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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