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

    2875 Cherry Rd Rock Hill, SC 29730-8998

    • Commercial real estate
    • 4,077 SF
    • 2.13 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2023
    Value Estimations
    $500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0001056
    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

    • Rea Contracting / Construction Company / General Contractor

    Property Details for 2875 Cherry Rd

    Lot size
    2.13 lot acres
    Property size
    4,077 SF
    Property type
    Commercial real estate
    APN
    662-07-01-330
    APU
    6620701330

    Description

    Four parcels available on Cherry Road in Rock Hill, SC, directly across from the thriving Riverwalk development. These properties offer both ground lease and purchase options, presenting a unique investment opportunity in a high-traffic area. Each parcel ranges from one to two acres, providing ample space for various retail developments. The location boasts excellent visibility and accessibility, situated on a signalized corner of a rapidly growing corridor. The sites are already rough-graded, and essential infrastructure, including sewer and stormwater systems, is readily available. This prime location benefits from a strong average household income of $81,018 within a five-mile radius, indicating significant consumer spending power and a robust market for retail businesses. The parcels present a compelling opportunity for developers and investors seeking high-visibility retail space in a dynamic and expanding area of South Carolina. The proximity to the successful Riverwalk development further enhances the appeal of this location, offering potential synergy and increased foot traffic. This is an exceptional chance to establish a retail presence in a thriving community with strong demographics and excellent infrastructure support. Serious inquiries are encouraged to explore the potential of these strategically located parcels.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $585,000
      6.5%
      $540,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $385,000
      Market price range: $120k - $386k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rock Hill
    County
    York
    State
    South Carolina
    Longitude
    -80.9808
    Latitude
    34.9798
    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
    $25,401
    $57,312
    $0.00
    $57,312
    -
    $955,200
    $0.00
    $955,200

    Comparable in this City

    • Value Estimation by Request
      75.85 Acres

      Rock Hill, SC 29730

      COMMERCIAL (GENERAL) • 75.85 Acres
      Rock Hill, SC 29730
      View Details
    • Value Estimation by Request
      0.28 Acres

      Rock Hill, SC 29730

      COMMERCIAL (GENERAL) • 0.28 Acres
      Rock Hill, SC 29730
      View Details
    • Value Estimation by Request
      0.30 Acres

      235 Adams St

      COMMERCIAL (GENERAL) • 0.30 Acres
      235 Adams St, Rock Hill, SC 29730-3501
      View Details
    • Value Estimation by Request
      114.44 Acres

      2578 Tuckaway Rd

      COMMERCIAL (GENERAL) • 114.44 Acres
      2578 Tuckaway Rd, Rock Hill, SC 29730-5777
      View Details
    • Value Estimation by Request
      5.35 Acres

      2805 Commerce Dr

      COMMERCIAL (GENERAL) • 5.35 Acres
      2805 Commerce Dr, Rock Hill, SC 29730-8962
      View Details
    • Value Estimation by Request
      0.17 Acres

      1541 Crawford Rd

      COMMERCIAL (GENERAL) • 0.17 Acres
      1541 Crawford Rd, Rock Hill, SC 29730-4914
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      47.43 Acres

      Rock Hill Industrial Land - 47 Acres

      Prime industrial land near I-77, ready for development.
      0 Porter Rd, Rock Hill, SC 29730
      View Details
    • $2,775,000
      2.80 Acres

      Rock Hill Development Site

      2.8-acre commercial land, prime location
      2640 Cherry Rd, Rock Hill, SC 29730
      View Details
    • $500,000

      Rock Hill Commercial Land - 3.62 Acres

      Prime SC development land; versatile zoning.
      172 Neely Store Rd, Rock Hill, SC 29730
      View Details
    • Contact for pricing
      1.84 Acres

      Prime Rock Hill Development Land

      1.84 Acres, I-77 Access, UD Zoning
      945 Porter Rd, Rock Hill, SC 29730
      View Details
    • $450,000
      1.37 Acres

      Rock Hill Commercial Land - $450K

      1.37 Acres, I-77 Access, High Visibility
      635 Dave Lyle Blvd, Rock Hill, SC 29730
      View Details
    • $500,000
      4.56 Acres

      Rock Hill Commercial Land - $500K

      4.56 Acres, High Traffic, Prime Location
      767 Rawlsville Rd, Rock Hill, SC 29730
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,700 SF

      Rock Hill Commerce Center - Building D

      50,700 SF Industrial Space, Rock Hill, SC
      2675 David Hutchison Rd, Rock Hill, SC 29730
      View Details
    • Contact for pricing
      200,979 SF

      Rock Hill Warehouse - 200,979 SF

      Modern warehouse, I-77 access, Q1 2025 delivery.
      211 Celriver Rd, Rock Hill, SC 29730
      View Details
    • Contact for pricing
      23,240 SF

      Executive Suites, Downtown Main St.

      Prime Office Space, Newly Renovated.
      135 Main St, Rock Hill, SC 29730
      View Details
    • $25 SF/Yr
      7,005 SF

      Prime Rock Hill Restaurant Space

      7,005 SF Restaurant, I-77 Visibility
      1940 Cinema Dr, Rock Hill, SC 29730
      View Details
    • Contact for pricing
      165,500 SF

      Manchester Village Shopping Center

      Rock Hill Retail Space - 32,000 SF Available
      548 John Ross Pkwy, Rock Hill, SC 29730
      View Details
    • $84 SF/Yr
      12,460 SF

      Rock Hill Creative Office Space

      Modern coworking space, flexible options.
      116 Main St, Rock Hill, SC 29730
      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.
    2875 Cherry Rd
    Rock Hill, SC 29730-8998
    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.