Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    407 N Salem Avenue Sumter, SC 29150

    View on Map
    Claim this Listing
    For Sale
    $795,000

    COMMERCIAL - Sumter, SC

    Property size:
    7,337 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $108/SF
    Added:
    Jan 27, 2026
    Days on Market:
    92
    Last Refresh:
    Apr 29 at 8:06 am

    Property Features for 407 N Salem Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Security System
    Standard status
    Active
    APN
    228-03-05-010
    Size
    7,337 SF
    Lot size
    1.13 Acres

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Tile
    Building materials
    Brick, Block

    We can help!

    Listing Contact
    O.Mack Kolb
    O.Mack Kolb

    Listing agent O.Mack Kolb License #16692

    Listing office CENTURY 21 Hawkins & Kolb 688 Bultman Drive, Sumter, SC

    Listing date Jan 27, 2026

    MLS# 201600

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

    Overview

    Medical Office Building For Sale

    This 7,337 square foot commercial building in Sumter, South Carolina, is suitable for medical offices or general office use. The 1.13-acre property contains a building that would be an ideal space for any medical practice. It features a large number of rooms and offices, including plenty of room for storage, and is ready to accommodate a growing practice. The property is tenant occupied and viewings are by appointment only. Located in Sumter County, the property is situated at 407 N Salem Avenue, Sumter, SC 29150.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jennifer M. ... Physician Gordon Alexia L ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.350449
    Latitude
    33.929335

    Nearby Similar for Sale

    • $550,000
      4,186 SF

      Versatile Commercial Building in Sumter

      Adaptable commercial space suitable for office, retail, or salon.
      25 N Guignard Drive, Sumter, SC 29150
      View Details
    • $250,000
      2,690 SF

      Versatile Professional Office Building

      Spacious office building ideal for various business uses.
      430 N Main Street, Sumter, SC 29150
      View Details
    • $250,000
      2,204 SF

      Commercial Property in Downtown Sumter

      Versatile commercial space with recent updates and convenient location.
      19 E Calhoun Street, Sumter, SC 29150
      View Details
    • $1,400,000
      8,692 SF

      Turnkey Assisted Living Facility

      Fully occupied assisted living facility with 33 beds in Sumter.
      23 Kendrick Street, Sumter, SC 29150
      View Details
    • $1,350,000
      9,440 SF

      Neoclassical Mansion Event Venue

      Sumter, SC: Historic mansion ideal as event venue.
      120 E Liberty Street, Sumter, SC 29150
      View Details
    • $199,000
      1,503 SF

      Versatile Commercial Property in Sumter

      Commercial property ideal for automotive sales, service, or other businesses.
      30 S Pike E, Sumter, SC 29150
      View Details
    • $1,850,000
      23,175 SF

      Former Assisted Living Facility

      Value-add investment opportunity with flexible reuse potential in Sumter, SC.
      1267 N Main Street, Sumter, SC 29153
      View Details
    • $325,000

      New Construction Duplex in Sumter

      New construction duplex in Sumter, SC, for sale or lease.
      1001/1003 Jessamine Trl, Sumter, SC 29150-0000
      View Details
    • $450,000
      5,372 SF

      Turnkey Opportunity in Sumter, SC

      Turnkey property with multiple use potential on over 2 acres.
      310 Palmetto Street, Sumter, SC 29151
      View Details
    • $172,000
      1,196 SF

      Duplex in Old Towne Landing

      Charming duplex with spacious bedrooms and fenced backyard.
      41 Radcliff Drive, Sumter, SC 29150
      View Details
    • $62,000
      1,777 SF

      Duplex in Sumter, South Carolina

      Investment property with tenants, featuring two bedrooms and one bath.
      533 S Harvin Street, Sumter, SC 29150
      View Details
    • $213,900
      1,367 SF

      Spacious Duplex in Stillpointe Community

      3-bedroom, 2-bath duplex near Shaw AFB and USC Sumter.
      375 Conifer Street, Sumter, SC 29154
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Spacious medical office building with multiple rooms and ample storage.
    Where is this medical office space located?
    The property is located at 407 N Salem Avenue Sumter, SC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: Ideal space for a medical practice, offering a ready‑made layout.; Large number of rooms and offices, providing flexibility for various uses.; Plenty of room for storage, ensuring an organized workspace.
    (803) 491-5409
    We can help!
    Listing Contact
    O.Mack Kolb
    O.Mack Kolb
    Real Estate License ID: 16692
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!