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    112 Courthouse Sq Edgefield, SC 29824

    Sponsored
    For Sale
    $1,490,000

    COMMERCIAL - Edgefield, SC

    Property size:
    20,824 SF
    Lot size:
    0.90 Acres
    Days on Market:
    87
    Last Refresh:
    Feb 22 at 1:06 pm

    Property Features for 112 Courthouse Sq

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1370303002000
    Parking features
    Parking Lot
    Size
    20,824 SF
    Lot size
    0.90 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1930
    Roof type
    Flat

    We can help!

    Listing Contact
    Summers Pendarvis

    Weichert Realtors - Pendarvis Company (803) 637-0079

    Listing agent Summers Pendarvis (803) 645-4176 License #84339

    Listing date Nov 28, 2025

    MLS# 543687

    Copyright © 2026 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property in Historic Edgefield

    This mixed-use property presents an investment opportunity with established storefronts and apartments. The main building at 112 Courthouse Square features a large retail space of 7,392 square feet, with six apartments upstairs overlooking the downtown area. A large main storefront opens to the historic square, and a huge basement area opens to the rear parking area, providing convenient off-loading of supplies or products. Adjacent to this are six additional storefronts, complemented by ample parking behind the buildings, with approximately 43 spaces in a paved parking lot and seven dedicated storefront parking spots on Folk Street. The additional storefronts are located at 217 Folk St. (800 Sq. Ft.), 215 Folk St. (777 Sq. Ft., rented), 213 Folk St. (758 Sq. Ft., rented), 211 Folk St. (741 Sq. Ft.), 209 Folk St. (1171 Sq. Ft., rented), 207 Folk St. (1868 Sq. Ft.), and 211 Norris St. (2296 Sq Ft). Located in historic Edgefield, the property is surrounded by thriving restaurants, businesses, and antique shops. The Courthouse, designed by Robert Mills, overlooks the Courthouse Square. There are plans to open a 25-room boutique hotel in downtown Edgefield. The lot size is 0.9 acres and the total property size is 20,824 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgefield
    County
    Edgefield
    State
    South Carolina
    Longitude
    -81.929362
    Latitude
    33.788834

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    FAQs

    What type of property is this?
    Mixed-use property - Investment opportunity with storefronts, apartments, and ample parking.
    Where is this mixed-use property located?
    The property is located at 112 Courthouse Sq Edgefield, SC.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: - Large retail space (7,392 Sq. Ft.) with 6 apartments upstairs, offering diverse income streams.; - Six additional storefronts with ample parking (approximately 43 spaces in paved lot plus 7 dedicated spots).; - Prime location on the Historic Square in thriving Edgefield, near restaurants, businesses, and antique shops.
    (803) 645-4176
    Request Owner's contact information
    112 Courthouse Sq Edgefield, SC 29824
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    Edgefield, SC 29824
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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
    112 Courthouse Sq Edgefield, SC 29824
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    We can help!
    Listing Contact
    Summers Pendarvis
    Real Estate License ID: 84339
    (803) 645-4176 (803) 637-0079
    Learn more
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