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    Mixed-Use Investment in Edgefield, SC Title is generated by Realmo AI

    112 Courthouse Square, Edgefield, SC 29824

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    For Sale
    $1,490,000

    COMMERCIAL - Edgefield, SC

    Property size:
    20,824 SF
    Lot size:
    0.90 Acres
    Price / SF:
    $71/SF
    Added:
    Jun 26, 2025
    Days on Market:
    332
    Last Refresh:
    May 23 at 2:06 pm

    Property Features for 112 Courthouse Square

    General Information

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

    Building Details

    Year built
    1930

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    Listing Contact
    Summers Pendarvis

    Listing agent Summers Pendarvis License #84339

    Listing office Weichert, Realtors - Pendarvis Company 307 Main St, Edgefield, SC

    Listing date Jun 26, 2025

    MLS# 132948

    Copyright © 2026 Greenwood Association 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.

    HighLights

    • Significant income potential from established storefronts and apartments.
    • Large retail space (7,392 Sq. Ft.) with six apartments overlooking the downtown area.
    • 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.
    • Large basement with access to rear parking for convenient loading/unloading.
    • No city taxes.

    Overview

    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, which includes six apartments upstairs overlooking the downtown area. The main storefront opens to the Historic Square, and a large basement area opens to the rear parking area, facilitating convenient off-loading of supplies or products. Adjacent to this are six storefronts. A paved parking lot provides approximately 43 spaces, with an additional seven dedicated storefront parking spots on Folk Street. The property at 217 Folk St. has 800 Sq. Ft., 215 Folk St. has 777 Sq. Ft., 213 Folk St. has 758 Sq. Ft., 211 Folk St. has 741 Sq. Ft., 209 Folk St. has 1171 Sq. Ft., 207 Folk St. has 1868 Sq. Ft., and 211 Norris St. has 2296 Sq Ft. Historic Edgefield is home to many thriving restaurants, businesses, and antique shops. The Courthouse, designed by Robert Mills, overlooks the Courthouse Square. Plans are underway to open a 25-room boutique hotel in downtown Edgefield. The property is located in Edgefield County and has a lot size of 0.9 acres. The total property size is 20,824 square feet.
    Property Profile 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
    -81.929525
    Latitude
    33.788889

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    FAQs

    What type of property is this?
    Mixed-use property - Storefronts and apartments in historic Edgefield with ample parking.
    Where is this mixed-use property located?
    The property is located at 112 Courthouse Square 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: Significant income potential from established storefronts and apartments.; **Large retail space (7,392 Sq. Ft.)** with six apartments overlooking the downtown area.; **Ample parking:** approximately 43 spaces in paved lot plus 7 dedicated spots.
    (803) 645-4176
    We can help!
    Listing Contact
    Summers Pendarvis
    Real Estate License ID: 84339
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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.

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