Freestanding Office Building with
1500 West Evans Street Florence, SC 29501
1500 West Evans Street, Florence, SC, 29501
Contact for pricing
For Sale
Contact for pricing
Well-maintained brick office with private offices, reception, open workspace, and paved side and rear parking.
Property Size2,523 SF
Price / SF$158.15
Days on Market64
Property Features for 1500 West Evans Street
General Information
- Standard status
- Active
- Size
- 2,523 SF
- Property subtype
- Retail, Special Purpose
Listing agency
Palmetto Commercial
(843) 667-4999
Listed by
David Tedder · License #SC 47763
Source
Crexi
Added: May 19 Updated: Jul 21 at 6:36AM Checked: Jul 21 at 6:36AM
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 leased, freestanding brick office building offers a functional layout with private offices, open workspace, storage areas, and a reception area. The property is well maintained and includes ample paved parking along the side and rear of the building.
Located along a highly traveled commercial corridor leading into Downtown Florence, the building is positioned for straightforward visibility and access within an established commercial area.
The office configuration is designed to support both focused work and shared open areas, with on-site storage and a defined reception area for incoming visitors.
Located along a highly traveled commercial corridor leading into Downtown Florence, the building is positioned for straightforward visibility and access within an established commercial area.
The office configuration is designed to support both focused work and shared open areas, with on-site storage and a defined reception area for incoming visitors.
Key Highlights
- 2,523 SF freestanding brick office building
- Functional interior layout with private offices, open workspace, reception area, and storage areas
- Well‑maintained property with ample paved parking along the side and rear
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 | $31.8k | $12.60 |
| − Vacancy | −$5.2k | −$2.08 |
| EGI | $26.5k | $10.52 |
| − OpEx | −$6.6k | −$2.63 |
| NOI | $19.9k | $7.89 |
2,523 SF · lease $12.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$284.4K
$248.9K – $331.8K
NOI $19,908 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.0K
$325.5K – $434.0K
NOI $26,037 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Well-maintained brick office with private offices, reception, open workspace, and paved side and rear parking.
Where is this office building located?
The property is located at 1500 West Evans Street Florence, SC.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2,523 SF freestanding brick office building; Functional interior layout with private offices, open workspace, reception area, and storage areas; Well‑maintained property with ample paved parking along the side and rear
