1221 West Evans Street Florence, SC 29501
Leased office building with immediate income potential in Florence.
Property Features for 1221 West Evans Street
General Information
- Standard status
- Active
- Size
- 1,085 SF
- Property subtype
- Retail, Office
Listing office Palmetto Commercial (843) 667-4999
Listing date May 21, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Palmetto Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- Stable investment opportunity with immediate income potential.
- Freestanding office building in a high‑traffic commercial corridor.
- Long‑standing tenant currently occupies the property.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.7k | $12.60 |
| − Vacancy | −$2.3k | −$2.08 |
| EGI | $11.4k | $10.52 |
| − OpEx | −$2.9k | −$2.63 |
| NOI | $8.6k | $7.89 |
