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

    985 Market St Fort Mill, SC 29708-6532

    • Commercial real estate
    • 9,008 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1596022
    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

    • Nailed It DIY Studio - Fort Mill / Art Studio / Event Venue
    • Dr. Theresa Lobbestael / Alternative Medicine Practice
    • Baxter Beauty Bar / Hair Salon
    • Jared Sams / Alternative Medicine Practice
    • Andrea Cordle / Physician

    Property Details for 985 Market St

    Year built
    2006
    Lot size
    0.20 lot acres
    Property size
    9,008 SF
    Property type
    Commercial real estate
    APN
    655-00-00-258
    APU
    6550000258

    Description

    This exceptional executive office space, located at 985 Market St in Fort Mill, SC, 29708, offers a unique opportunity within the thriving Baxter Village community. The Soni Building, a two-story structure built in 2006, boasts a total of 8,902 square feet and features five individual suites. Currently, 4,339 square feet of prime office space is available for lease, providing flexibility for businesses of various sizes. The building is conveniently equipped with one elevator for easy access to both floors. Its TND zoning ensures a versatile environment for a range of professional uses. The property's APN is 6550000258, situated in York County. This location offers unparalleled convenience, being part of the larger Baxter Village development, a 1,033-acre pedestrian-friendly community. Residents and employees enjoy easy access to a wide array of amenities, including approximately 1,400 homes, diverse restaurants and shops, a YMCA, an elementary school, a library, and an urgent care center, creating a vibrant and convenient work-life balance. The building's strategic location within this master-planned community provides excellent visibility and accessibility, making it an ideal location for businesses seeking a thriving and amenity-rich environment. This is a rare opportunity to secure high-quality office space in a sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,290,000
      6.5%
      $1,190,000
      7%
      $1,105,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $616,000
      Market price range: $243k - $1.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Mill
    County
    York
    State
    South Carolina
    Longitude
    -80.9683
    Latitude
    35.0274
    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
    $28,193
    $17,678
    $42,938
    $60,616
    -
    $350,000
    $850,117
    $1,200,117

    Comparable in this City

    • Value Estimation by Request
      2,225 SF

      Fort

      COMMERCIAL (GENERAL) • 2,225 SF
      Fort, Mill, SC 29708
      View Details
    • Value Estimation
      $6,385,000
      73,982 SF

      3725 Ave Of The Carolinas

      COMMERCIAL (GENERAL) • 73,982 SF
      3725 Ave Of The Carolinas, Fort Mill, SC 29708-9292
      View Details
    • Value Estimation
      $1,120,000
      6,080 SF

      122 Ben Casey Dr

      COMMERCIAL (GENERAL) • 6,080 SF
      122 Ben Casey Dr, Fort Mill, SC 29708-6593
      View Details
    • Value Estimation
      $1,480,000
      16,646 SF

      2168 Carolina Pl

      COMMERCIAL (GENERAL) • 16,646 SF
      2168 Carolina Pl, Fort Mill, SC 29708-6998
      View Details
    • Value Estimation
      $1,375,000
      14,640 SF

      2100 Carolina Pl

      COMMERCIAL (GENERAL) • 14,640 SF
      2100 Carolina Pl, Fort Mill, SC 29708-6983
      View Details
    • Value Estimation
      $525,000
      4,860 SF

      1774 Gold Hl Rd

      COMMERCIAL (GENERAL) • 4,860 SF
      1774 Gold Hl Rd, Tega Cay, SC 29708-6990
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fort Mill Commercial Land Opportunity

      Prime 213,880 SF Commercial Lot
      1760 Pleasant Rd, Fort Mill, SC 29708
      View Details
    • $311,000

      Freshly Painted Home with Warranty

      Home with fresh paint, fireplace, and warranty coverage.
      26017 Misty Way Dr, Fort Mill, SC 29708
      View Details
    • $1,350,000

      Commercial Land Near I-77

      Approximately 1.75 acres near I-77 and Carowinds Blvd.
      3652 Foothills Way, Fort Mill, SC 29708
      View Details
    • $825,000
      4,170 SF

      Fort Mill Office Condo Building

      Free-standing office building in Fort Mill, South Carolina, 100% leased.
      230 Rockmont Dr, Fort Mill, SC 29708
      View Details
    • $5,000,000
      10.00 Acres

      Fort Mill Commercial Land Opportunity

      10-acre commercial land near Tega Cay's 'Main Street' development.
      2283 Dam Rd, Fort Mill, SC 29708
      View Details
    • $295,000
      1.03 Acres

      Residential Land in Fort Mill

      Residential land for custom home in Fort Mill School District.
      01 Lurecliff Pl, Fort Mill, SC 29708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,102 SF

      Mills Crossing Retail Center

      Fort Mill, SC Shopping Center - Spaces Available
      2351 Len Patterson Rd, Fort Mill, SC 29708
      View Details
    • Contact for pricing
      40,000 SF

      Fort Mill Office Space For Lease

      Flexible Suites, 28 Units Available
      1974 Carolina Place Dr, Fort Mill, SC 29708
      View Details
    • $2,600 /Mo
      900 SF

      Turnkey Office Space For Rent

      900 SF turnkey office space available on Highway 160.
      100 Stone Village Dr, Fort Mill, SC 29708
      View Details
    • $25 SF/Yr
      1,250 SF

      Office Space For Rent

      Office space available for lease in Fort Mill, SC.
      856 Gold Hill Rd, Fort Mill, SC 29708
      View Details
    • Contact for pricing
      2,158 SF

      Professional-Flex Property with Roll-Up Door

      61,000 SF professional-flex property with convenient parking.
      377 Rubin Center Dr, Fort Mill, SC 29708
      View Details
    • $35 SF/Yr
      1,200 SF

      Retail Space on Hwy 160

      Retail space for rent with high traffic volume.
      1504 Carolina Place Dr, Fort Mill, 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.
    985 Market St
    Fort Mill, SC 29708-6532
    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.