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

    155 S Main St Mullins, SC 29574

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    Contact for pricing

    Iconic, renovated building in downtown Mullins, South Carolina, for sale.

    Property size:
    4,935 SF
    Lot size:
    0.16 Acres

    Property Features for 155 S Main St

    General Information

    Standard status
    Pending
    Size
    4,935 SF
    Lot size
    0.16 Acres

    We can help!

    Listing Contact
    Lisa A Duncan-Wellons
    Source: Exitrealty

    Listing Agency: Fitzgerald Realty Inc Listing Agent: Lisa A Duncan-Wellons

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Commercial Building, Downtown Mullins

    Located in downtown Mullins, South Carolina, the renovated Belk Building offers 4935 square feet of space suitable for retail, office, or mixed-use purposes. The historic building retains original architectural details while featuring modern upgrades. The open floor plan allows for customization to suit various business needs. Convenient access is available to nearby parking facilities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Mullins
    County
    Marion
    State
    South Carolina
    Longitude
    -79.254698
    Latitude
    34.211587

    Nearby Similar for Sale

    • $549,900
      3,200 SF

      Turnkey Restaurant Opportunity in Mullins

      Fully equipped restaurant for sale in Mullins, South Carolina.
      418 W Mcintyre St, Mullins, SC 29574
      View Details
    • $549,900
      Pending

      Turnkey Restaurant Opportunity in Mullins

      Fully equipped restaurant for sale near downtown Mullins, SC.
      418 W Mcintyre St, Mullins, SC 29574
      View Details
    • $1,800,000
      70,000 SF

      Versatile Industrial and Commercial Complex

      73,000 SF complex for distribution, manufacturing, retail, and storage.
      122 E Laurel St, Mullins, SC 29574
      View Details
    • $197,000
      3.10 Acres

      Versatile Commercial Property in Mullins, SC

      Three-building complex on over 3 acres with multiple bays.
      812 S Main St, Mullins, SC 29574
      View Details
    • $89,900
      0.53 Acres

      Multifamily Investment Opportunity in Mullins

      Multifamily property featuring single-family and manufactured homes requiring renovation.
      6503 Hillside Ct, Mullins, SC 29574
      View Details
    • $240,000
      3.10 Acres

      Mullins Commercial Property

      3-Building Complex, 3 Acres
      812 Main St, Mullins, SC 29574
      View Details
    • $129,000
      0.50 Acres

      Prime Mullins Commercial Building

      High-visibility, versatile commercial space.
      508 Mcintyre St, Mullins, SC 29574
      View Details
    • $89,900
      0.54 Acres

      Downtown Mullins Commercial Building

      Versatile Commercial Space, High Visibility
      244 Front St, Mullins, SC 29574
      View Details
    • $224,900
      15,193 SF

      Mullins Commercial Complex - 3 Acres

      Versatile 3-building complex, 15,193 sq ft, prime location.
      812 812 Main St, Mullins, SC 29574
      View Details
    • Contact for pricing

      Renovated Commercial Building in Downtown

      Iconic renovated building in downtown Mullins, South Carolina, for sale.
      155 S Main St, Mullins, SC 29574
      View Details
    • $209,900
      0.49 Acres

      Prime Mullins Medical Office Building

      High-potential medical office, .49 acres
      119 Lowman St, Mullins, SC 29574
      View Details
    • $299,000
      0.16 Acres

      Downtown Mullins Office Building

      Historic Charm, Modern Amenities
      155 Main St, Mullins, SC 29574
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Iconic, renovated building in downtown Mullins, South Carolina, for sale.
    Where is this mixed-use property located?
    The property is located at 155 S Main St Mullins, SC.
    What are key features of this property?
    This property features: - Completely renovated historic Belk Building in downtown Mullins.; - Suitable for retail, office, or mixed-use purposes.; - Open floor plan allows for easy customization.
    (843) 651-7053
    Request Owner's contact information
    155 S Main St Mullins, SC 29574
    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.
    155 S Main St
    Mullins, SC 29574
    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
    155 S Main St Mullins, SC 29574
    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

    We can help!
    Listing Contact
    Lisa A Duncan-Wellons
    Real Estate License ID: 59482
    (843) 651-7053 (843) 450-8511
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!