Medical Office Building with
1706 2nd Loop Rd. Florence, SC 29501
1706 2nd Loop Rd., Florence, SC, 29501
Contact for pricing
For Sale
Contact for pricing
Multi-room medical office building with 13 exam rooms, imaging room, and 62 parking spaces on 1.34 acres.
Property Size8,300 SF
Lot Size1.34 Acres
Price / SF$198.80
Days on Market14
Property Features for 1706 2nd Loop Rd.
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Lot size
- 1.34 Acres
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1996
Listing agency
Coldwell Banker Commercial Seaboard McMillan
(843) 472-0209
Listed by
Ross McMillan · License #SC140676
Source
Crexi
Added: Jul 9 Updated: Jul 21 at 8:16PM Checked: Jul 21 at 8:16PM
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 Coldwell Banker Commercial Seaboard McMillan
Investment Insights
Based on property information with market context.
1706 2nd Loop Road is an 8,300-square-foot commercial facility designed for healthcare use, formerly operating as a cardiology practice. The building features 13 exam rooms, an X-ray room, a reception lobby, multiple executive and administrative offices, a board room, and extensive storage including a fully floored attic.
Exterior improvements include a covered patient drop-off, a four-bay carport, and 62 parking spaces. The property is described as having outstanding visibility and is listed with CI zoning, offering an accommodating footprint for medical, professional, or institutional use.
Exterior improvements include a covered patient drop-off, a four-bay carport, and 62 parking spaces. The property is described as having outstanding visibility and is listed with CI zoning, offering an accommodating footprint for medical, professional, or institutional use.
Key Highlights
- 8,300 sq ft commercial facility built in 1996 on 1.34 acres
- 13 exam rooms plus an X‑ray room, reception lobby, executive/administrative offices, board room, and extensive storage
- Fully floored attic provides additional storage space
Local Financial Insights For Healthcare Medical
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 | $141.4k | $17.04 |
| − Vacancy | −$12.0k | −$1.45 |
| EGI | $129.4k | $15.59 |
| − OpEx | −$51.8k | −$6.24 |
| NOI | $77.6k | $9.35 |
8,300 SF · lease $17.04/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.11M
$970.6K – $1.29M
NOI $77,646 @ 7.0% cap · market cap 4.71%
Second Best
Office B
$935.6K
$818.7K – $1.09M
NOI $65,493 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,656 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Advanced Cardiology Consultants
Pediatrician
Dr. Llewellyn A. Rowe, ...
Physician
Advanced Cardiology Consultants: ...
Physician
Rowe Lew MD
Physician
Dr. Jaideep Debsikdar
Physician
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FAQs
What type of property is this?
Medical Office Space - Multi-room medical office building with 13 exam rooms, imaging room, and 62 parking spaces on 1.34 acres.
Where is this medical office space located?
The property is located at 1706 2nd Loop Rd. Florence, SC.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 8,300 sq ft commercial facility built in 1996 on 1.34 acres; 13 exam rooms plus an X‑ray room, reception lobby, executive/administrative offices, board room, and extensive storage; Fully floored attic provides additional storage space
