Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2879 Hwy 160th W Fort Mill, SC 29708-8646
    Back to Search
    Property profile & analytics

    2879 Hwy 160th W, Fort Mill, SC 29708-8646

    View on Map
    • Commercial real estate
    • 9,985 SF
    • 1.50 lot acres
    Off-Market
    Property ID
    US77-1235046
    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.
    Value Estimations
    $1,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ANDRE CARELOCK, Realtor: Rinehart Realty / Real Estate Agency
    • Créatif Art Studio Fort Mill / Training Center / (Bike/Boat/Book/etc) Store

    Property Details for 2879 Hwy 160th W

    Year built
    1986
    Lot size
    1.50 lot acres
    Zone code
    BD-III
    Property type
    Commercial real estate
    APN
    650-00-00-055
    APU
    6500000055

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 26, 2018 — Norstar LLC — Grant Deed · related $2.1M · South St Bk
    Dec 21, 2004 $800,000 Norstar LLC Caudell Joseph L Trust 4 Grant Deed —
    Dec 21, 2004 — Caudell Joseph L Trust 4 Caudell Joseph L Quit Claim Deed · related —
    Oct 9, 2001 $9,000 York County — Grant Deed —
    — — Norstar LLC — Deed Of Trust · related $1.2M · Citizens South Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,430,000
      6.5%
      $1,320,000
      7%
      $1,225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $945,000
      Market price range: $269k - $1.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.9922
    Latitude
    35.0596
    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
    $43,263
    $40,294
    $52,725
    $93,019
    -
    $750,000
    $981,373
    $1,731,373

    Comparable in this City

    • Value Estimation by Request
      0.64 Acres

      2771 Pleasant Rd

      COMMERCIAL (GENERAL)
      2771 Pleasant Rd, Fort Mill, SC 29708-7299
      View Details
    • Value Estimation by Request
      3,274 SF

      Fort

      COMMERCIAL (GENERAL)
      Fort, Mill, SC 29708
      View Details
    • Value Estimation by Request
      1,965 SF

      Fort

      COMMERCIAL (GENERAL)
      Fort, Mill, SC 29708
      View Details
    • Value Estimation by Request
      1,602 SF

      Fort

      COMMERCIAL (GENERAL)
      Fort, Mill, SC 29708
      View Details
    • Value Estimation
      $2,000,000
      20,492 SF

      2031 Carolina Pl

      COMMERCIAL (GENERAL)
      2031 Carolina Pl, Fort Mill, SC 29708-6947
      View Details
    • Value Estimation by Request
      2,810 SF

      2886 Hwy 160th W

      COMMERCIAL (GENERAL)
      2886 Hwy 160th W, Fort Mill, SC 29708-8490
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tega Cay Professional Center Suite

      Combined suite in a growing professional center, move-in ready.
      1182 Stonecrest Blvd, Tega Cay, SC 29708
      View Details
    • Contact for pricing

      Office Condo in Fort Mill

      1,265 SF office condo in well-located Fort Mill development.
      238 Rockmont Dr, Fort Mill, SC 29708
      View Details
    • $395,000
      0.30 Acres

      Dockable Waterfront Homesite in Tega Cay

      Premium waterfront land to build your dream home, no HOA.
      11055 Holiday Cove Dr, Tega Cay, SC 29708
      View Details
    • Contact for pricing
      8,600 SF

      Restaurant and Retail Investment Opportunity

      Retail property with established tenants near Carowinds.
      917 Cabelas Dr, Fort Mill, SC 29708
      View Details
    • Contact for pricing

      Lakemont Business Park Industrial Building

      21,072 SF industrial building in Fort Mill, SC.
      3480 Lakemont Blvd, Fort Mill, SC 29708
      View Details
    • Contact for pricing

      Development Site Near Highway 160

      2.425 AC development site zoned for various commercial uses.
      1842 Coltharp Rd, Fort Mill, SC 29708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      129,500 SF

      Warehouse Space in Professional Park

      129,500 SF warehouse space with ample parking.
      301 Crestmont Dr, Fort Mill, SC 29708
      View Details
    • Contact for pricing
      963 SF

      Retail Space with Mezzanine

      Retail space with high traffic and mezzanine level.
      2435 Sc-160, Fort Mill, SC 29708
      View Details
    • Contact for pricing
      144,131 SF

      Class A Industrial Building

      Class A industrial building in Lakemont Business Center.
      517 Kings Rdg Dr, Fort Mill, SC 29708
      View Details
    • $7 SF/Yr
      129,500 SF

      Fort Mill Warehouse Space Available

      Warehouse space for rent in professional park setting.
      Crestmont Dr, Fort Mill, SC 29708
      View Details
    • Contact for pricing

      Retail Center Anchored by Harris Teeter

      Neighborhood retail center in a rapidly growing area.
      1750 Highway 160 W, Fort Mill, SC 29708
      View Details
    • New
      $3,000 /Mo
      1,307 SF

      Finished Retail and Office Space

      Spacious finished suite suited for retail, baking, prep kitchen, or professional office use in a mixed tenant park.
      1182 Stonecrest Blvd, Tega Cay, SC 29708
      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.
    2879 Hwy 160th W
    Fort Mill, SC 29708-8646
    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
    2879 Hwy 160th W, Fort Mill, SC, 29708
    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!