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

    698 Bultman Drive unit O Sumter, SC 29150

    View on Map
    Claim this Listing
    For Lease
    $325/Mo $13 SF/Yr (calc)

    COMMERCIAL - Sumter, SC

    Type:Office
    Property size:
    298 SF
    Added:
    Mar 17, 2026
    Days on Market:
    48
    Last Refresh:
    May 3 at 9:06 am

    Property Features for 698 Bultman Drive unit O

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Size
    298 SF

    Utilities

    Utilities
    Phone Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Electric, Heat Pump
    Water source
    Public

    Building Details

    Flooring type
    Carpet
    Building materials
    Brick

    We can help!

    Listing Contact
    O. Mack Kolb
    O. Mack Kolb

    Listing agent O. Mack Kolb License #16692

    Listing office Midland Management of Sumter, LLC 686 Bultman Drive, Sumter, SC

    Listing date Mar 17, 2026

    MLS# 202043

    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

    Office Space in Sumter, SC

    This commercial property features a 298 square foot single office space. The office is located on the second floor of the building, and there are no elevators. Lease agreements are subject to credit check and require a security deposit. The property is located in Sumter, South Carolina.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Penthouse Spa Spa & Massage Center Carolina Eye Care: ... Eye Care Center Envision Healthcare Services ... Social Service Agency Add Light Home ... Home Health Care Service 24Hr Martin Bail ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon 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
    -80.372502
    Latitude
    33.941524

    Nearby Similar for Lease

    • $1,660/Mo

      Office Space in Sumter, SC

      1459 sq ft office space for rent in Sumter.
      501 S Wise Drive, Sumter, SC 29150
      View Details
    • $1,575/Mo

      Warehouse Space in Sumter, SC

      6000 SF warehouse space available for lease in Sumter.
      718 N Main Street, Sumter, SC 29150
      View Details
    • $3,325/Mo

      Warehouse and Office Space Available

      6042 sq ft warehouse & office space for lease.
      805 N Wise Drive, Sumter, SC 29153
      View Details
    • $1,450/Mo

      Office Space in Chestnut Square

      1500 sq ft office space for lease.
      1147 N Guignard Drive unit: 3, Sumter, SC 29150
      View Details
    • Sponsored
      Contact for pricing

      SC, Sumter - West Hampton Avenue

      208 Hampton Ave, Sumter, SC 29150
      View Details
    • $7,136/Mo

      Retail Space on Corner Lot

      Retail space with high visibility and easy road access.
      170 E Wesmark Blvd, Sumter, SC
      View Details
    • $3,000/Mo

      Retail Building with Open Layout

      5,300 SF building with open layout and ample parking.
      348 Broad St, Sumter, SC
      View Details
    • Contact for pricing

      Retail Hub Shopping Center Space

      95,413 SF shopping center in regional retail hub.
      1143 Broad St, Sumter, SC 29150
      View Details
    • $13 SF/Yr

      Retail Space on Bultman Drive

      Retail space with high visibility and easy access.
      699 Bultman Dr, Sumter, SC
      View Details
    • $6,500/Mo

      Modern Warehouse with Highway Access

      6,224 SF warehouse with office space and highway frontage.
      1145 N Pike E, Sumter, SC
      View Details
    • Contact for pricing

      Retail Space in Sumter Square

      Retail space available in a busy Sumter shopping center.
      1003-1017 Broad St, Sumter, SC
      View Details
    • Contact for pricing

      Industrial Property in Sumter, SC

      304,000 SF industrial facility on 32.34 acres for sale/lease.
      650 Jefferson Rd, Sumter, SC 29153
      View Details

    FAQs

    What type of property is this?
    Office units - Single office unit available for lease in Sumter, SC.
    Where is this office units located?
    The property is located at 698 Bultman Drive unit O Sumter, SC.
    What is the lease rate?
    The lease rate is $325 /Mo.
    What are key features of this property?
    This property features: Brick Construction provides durability and classic appeal.; Natural Gas Heating for efficient and cost‑effective warmth.; Public Water Source ensures reliable access.
    (803) 773-0221
    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

    Thank You for Inquiry

    698 Bultman Drive unit: O, Sumter, SC 29150

    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!