187 E Evans St, Florence, SC
Office building in downtown Florence with investment and value-add potential.
- Added:
- Sep 11, 2025
- Days on Market:
- 281
- Last Refresh:
- May 20 at 9:10 pm
Property Features for 187 E Evans St
General Information
- Standard status
- Active
- Size
- 119,567 SF
- Lot size
- 3.29 Acres
- Property subtype
- OFFICE
Listing agent Matthew Pollard License #130345
Listing office Colliers | Columbia (803) 254-2300
Listing date Sep 11, 2025
Source Moodyscre
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 Colliers | Columbia
HighLights
- Convenient downtown Florence location with easy access to I‑95 and I‑20.
- Strong investment opportunity with attractive initial yield.
- Available below replacement cost.
- Value‑add potential.
- Florence's economy driven by healthcare, technology, and education.
- Ongoing investments and infrastructure improvements promoting job growth.
Overview
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 | $1.51M | $12.60 |
| − Vacancy | −$248.6k | −$2.08 |
| EGI | $1.26M | $10.52 |
| − OpEx | −$314.5k | −$2.63 |
| NOI | $943.5k | $7.89 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Florence
- State
- South Carolina
- Longitude
- -79.7638
- Latitude
- 34.1977
