Flex Space with
For Sale
Contact for pricing
742 W Carolina Ave, Hartsville, SC 29550
Combined customer-facing and warehouse areas support businesses requiring office and operational functions in one property.
Property Size6,120 SF
Price / SF$73.53
Days on Market510
Property Features for 742 W Carolina Ave
General Information
Standard status
Active
Size
6,120 SF
Property subtype
Industrial, Office
Additional Details
Office Units
2
Listing Agency:
Palmetto Commercial
Listed By:
David Tedder · License #SC 47763
(843) 667-4999
Source:
Crexi
Added: Apr 15, 2025
Changed: Sep 4
Last Checked: Sep 4 at 6:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palmetto Commercial
Investment Insights
Based on property information with market context.
This flex property combines office, showroom, and warehouse components within approximately 6,120 SF. Suite 742 includes an approximately 1,000-SF showroom and office area alongside approximately 2,000 SF of warehouse space, creating separation between customer-facing functions and operations. Suite 744 is occupied under a month-to-month lease.
Located at 742 W Carolina Ave in Hartsville, the property sits approximately one mile from downtown and offers signage opportunities. The configuration provides a mix of public-facing and back-of-house space for businesses seeking both functions at one location.
Located at 742 W Carolina Ave in Hartsville, the property sits approximately one mile from downtown and offers signage opportunities. The configuration provides a mix of public-facing and back-of-house space for businesses seeking both functions at one location.
Key Highlights
- Approximately 6,120 SF of office/warehouse space
- Suite 742 includes an approximately 1,000‑SF showroom and office area
- Suite 742 also provides approximately 2,000 SF of warehouse space
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
$36,653
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
8.15%
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%
$733,060
$733.1K
Cap Rate 7%
$523,614
$523.6K
Cap Rate 9%
$407,256
$407.3K
Market Conditions
NOI Build-Up for 6,120 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
$46.3K $7.56/SF
− Vacancy
−$3.1K −$0.51/SF
EGI
$43.1K $7.05/SF
− OpEx
−$6.5K −$1.06/SF
NOI
$36.7K $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%
$733,060
Cap Rate 7%
$523,614
Cap Rate 9%
$407,256
Alternative Uses
Best Use
Flex RnD
$7.77M
$6.80M – $9.07M
NOI $544,190 @ 7.0% cap · market cap 120.93%
Second Best
Office B
$991.4K
$867.5K – $1.16M
NOI $69,401 @ 7.0% cap · market cap 15.42%
Theoretical Best
Specialty Retail
$11.32M
$9.90M – $13.21M
NOI $792,326 @ 7.0% cap · market cap 176.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
95
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
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Frequently Asked Questions
What type of property is this?
Flex space - Combined customer-facing and warehouse areas support businesses requiring office and operational functions in one property.
Where is this flex space located?
The property is located at 742 W Carolina Ave Hartsville, SC.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 6,120 SF of office/warehouse space; Suite 742 includes an approximately 1,000‑SF showroom and office area; Suite 742 also provides approximately 2,000 SF of warehouse space
