Flex Space with
For Sale
$399,900
756 S 4th Street, Hartsville, SC 29550
COMMERCIAL/INDUSTRIAL, Hartsville, SC
Property Size4,800 SF
Lot Size1.12 Acres
Price / SF$83.31
Days on Market83
Property Features for 756 S 4th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner, Freestanding
Subdivision
HARTSVILLE
Standard status
Active
Size
4,800 SF
Lot size
1.12 Acres
Utilities
Cooling system
Window Unit(s)
Building Details
Year built
1974
Flooring type
Concrete
Building materials
Steel and Metal Skin
Listing Agency:
Better Homes & Gardens Segars · Better Homes and Gardens Real Estate
(843) 332-6508
Listed By:
Deborah Griggs · License #12058
(843) 332-2537
Added: Jun 8
Changed: Aug 20
Last Checked: Aug 29 at 11:06AM
MLS# 2600197
Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,800-square-foot flex property combines an office component at the front with warehouse functionality. The office area includes a reception desk, two private offices, and two half bathrooms. Concrete flooring, window-unit cooling, and steel-and-metal exterior construction are in place, with an additional metal building positioned behind the primary improvements.
The property occupies 1.12 acres at 756 S 4th Street in Hartsville, South Carolina. It is situated across from Lowe's and near the downtown area, with parking available on site. Built in 1974, the property offers a combination of administrative space, storage, and warehouse improvements within one commercial setting.
The property occupies 1.12 acres at 756 S 4th Street in Hartsville, South Carolina. It is situated across from Lowe's and near the downtown area, with parking available on site. Built in 1974, the property offers a combination of administrative space, storage, and warehouse improvements within one commercial setting.
Key Highlights
- 4,800 SF flex property on 1.12 acres
- Approximately 2,400 SF rear metal building
- Front office includes reception desk, 2 offices, and 2 half baths
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,747
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,940
$574.9K
Cap Rate 7%
$410,671
$410.7K
Cap Rate 9%
$319,411
$319.4K
Market Conditions
NOI Build-Up for 4,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.3K $7.56/SF
− Vacancy
−$2.5K −$0.51/SF
EGI
$33.8K $7.05/SF
− OpEx
−$5.1K −$1.06/SF
NOI
$28.7K $5.99/SF
Area
Darlington County, SC
Vacancy
6.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,940
Cap Rate 7%
$410,671
Cap Rate 9%
$319,411
Alternative Uses
Best Use
Flex RnD
$6.10M
$5.34M – $7.11M
NOI $426,816 @ 7.0% cap · market cap 106.73%
Second Best
Office B
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 13.61%
Theoretical Best
Specialty Retail
$8.88M
$7.77M – $10.36M
NOI $621,432 @ 7.0% cap · market cap 155.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29550, SC
30,013
Population
13,913
Households
2.2
Avg Household Size
42
Median Age
24%
College-Educated
87%
High-School Grad
208.2 sq mi
ZIP Area
144
Density / Sq Mi
$54,191
Median Household Income
$36,518
Median Earnings
$851
Median Rent
$169,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Charisma Events & Catering — 1010 S 6th St, Hartsville, SC 29550
Frequently Asked Questions
What type of property is this?
Flex space - Steel-and-metal commercial property combining front-office functions with warehouse and additional rear building space.
Where is this flex space located?
The property is located at 756 S 4th Street Hartsville, SC.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4,800 SF flex property on 1.12 acres; Approximately 2,400 SF rear metal building; Front office includes reception desk, 2 offices, and 2 half baths
