Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Established Commercial Complex on Second Loop Title is generated by Realmo AI

    1800 2nd Loop Rd, Florence, SC 29501

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Multi-tenant commercial complex with high visibility and convenient access.

    Type:Retail, Office
    Property size:
    2,000 SF
    Added:
    Sep 19, 2023
    Days on Market:
    983
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for 1800 2nd Loop Rd

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 1800 2nd Loop Rd Contact us

    We can help!

    Listing Contact
    Andrew Chaplin III
    Andrew Chaplin III

    Listing agent Andrew Chaplin III License #SC 94480

    Listing office Palmetto Commercial

    Listing date Sep 19, 2023

    Source Crexi

    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

    HighLights

    • Excellent visibility and convenient access directly from Second Loop Road.
    • Located on a primary commercial and commuter corridor.
    • Surrounded by retail centers, grocery stores, banks, restaurants, and professional service providers.
    • Well‑established, multi‑tenant commercial complex.
    • Current tenants include Corporate Medical Services, H&R Block, and Mathnasium.
    • Suite 3&4: 2,000 Square Feet

    Overview

    Logan Plaza is a multi-tenant commercial complex situated on Second Loop Road, a primary commercial and commuter corridor in Florence. The surrounding area includes retail centers, grocery stores, banks, restaurants, and professional service providers. Current tenants include Corporate Medical Services, H&R Block, Mathnasium, two upscale salons, and other professional offices. The plaza offers visibility and access directly from Second Loop Road. Suite 3&4 offers 2,000 square feet, making it suitable for businesses seeking exposure and accessibility.
    Location Intelligence

    Current Use by Public Records

    Sensory Academic Solutions Physician Michael Pullmann Physician Edward Jones - Financial ... Financial Advisor VIP Massage Alternative Medicine Practice Edward Jones - Financial ... Financial Advisor

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7993161
    Latitude
    34.169333

    Nearby Similar for Lease

    • $2,900/Mo
      3,100 SF

      Adaptable Office Space in Florence

      Well-located office building for lease in a desirable professional location.
      720 S Coit St, Florence, SC 29501-5113
      View Details
    • $5,000/Mo
      11,390 SF

      Versatile Commercial Space in Florence

      Commercial property with bay doors, ideal for automotive or warehouse.
      374 Darlington St., Florence, SC 29501-2504
      View Details
    • $18,134/Mo
      95,840 SF

      Retail Spaces in CrossRoads Center

      Retail spaces available in high-traffic Florence commercial corridor.
      2522, 2524, 2528 David H McLeod Blvd, Florence, SC 29501
      View Details
    • Contact for pricing
      4,800 SF

      Florence Flex/Industrial Property for Lease

      4,800 SF flex/industrial building with drive-through capability and outside storage.
      3731 East National Cemetery Road, Florence, SC 29506
      View Details
    • Contact for pricing
      2,700 SF

      Restaurant Space with Drive-Thru

      2,700 SF restaurant space with existing drive-thru.
      1104 Pamplico Highway, Florence, SC 29505
      View Details
    • $22 SF/Yr
      2,800 SF

      Retail Space in Regional Destination

      Retail space available in premier shopping center, built in 2015.
      112-120 Woody Jones Blvd, Florence, SC
      View Details
    • $1,950/Mo
      2,000 SF

      Commercial Office Space For Rent

      Office space available in Shoppes at Celebration shopping center.
      2527 S Cashua Dr, Florence, SC 29501
      View Details
    • Contact for pricing

      Warehouse with Showroom and Yard

      Single tenant building with showroom, warehouse, and fenced yard.
      511 Irby Street, Florence, SC 29501
      View Details
    • $25 SF/Yr
      2,400 SF

      Retail Space in Regional Destination

      Retail spaces available in premier shopping destination, built in 2015.
      104 Woody Jones Blvd, Florence, SC
      View Details
    • $22 SF/Yr
      7,145 SF

      Modern Office Space For Rent

      7,145 SF customizable office space in Florence, SC.
      2701 Alex Lee Blvd, Florence, SC 29506
      View Details
    • $90 SF/Yr
      36,360 SF

      Florence Warehouse in West End

      Warehouse in Florence's West End District, near major retailers.
      2295 Hoffmeyer Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Florence, SC

      8,000 SF retail space available for lease.
      2600 David H Mcleod Blvd, Florence, SC
      View Details

    FAQs

    What type of property is this?
    Retail space - Multi-tenant commercial complex with high visibility and convenient access.
    Where is this retail space located?
    The property is located at 1800 2nd Loop Rd Florence, SC.
    What are key features of this property?
    This property features: Excellent visibility and convenient access directly from Second Loop Road.; Located on a primary commercial and commuter corridor.; Surrounded by retail centers, grocery stores, banks, restaurants, and professional service providers.
    (843) 667-4999 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Chaplin III
    Andrew Chaplin III
    Real Estate License ID: SC 94480
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1800 2nd Loop Rd, Florence, SC 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!