Downtown Florence Business Technology
For Sale
Contact for pricing
181-187 E Evans St, Florence, SC
Office building in downtown Florence with investment and value-add potential.
Property Size119,567 SF
Lot Size3.29 Acres
Price / SF$100.36
Days on Market327
Property Features for 181-187 E Evans St
General Information
Standard status
Active
Size
119,567 SF
Lot size
3.29 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Columbia
(803) 401-4201
Listed By:
Matthew Pollard · License #130345
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:34AM
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
Investment Insights
Based on property information with market context.
The Florence Business Technology Center is located in downtown Florence, offering convenient access to I-95 and I-20. This property represents an investment opportunity, featuring an office building available below replacement cost, with an attractive initial yield and value-add potential. The local economy is driven by healthcare, technology, and education. Ongoing investments, infrastructure improvements, and downtown revitalization are intended to promote job growth, potentially making the city more attractive to businesses and residents. The property contains 119567 square feet.
Key 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.
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 |
119,567 SF · lease $12.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$13.48M
$11.79M – $15.72M
NOI $943,473 @ 7.0% cap · market cap 7.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.63M
$15.42M – $20.57M
NOI $1,233,931 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building in downtown Florence with investment and value-add potential.
Where is this office building located?
The property is located at 181-187 E Evans St Florence, SC.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Convenient downtown Florence location with easy access to I‑95 and I‑20.; Strong investment opportunity with attractive initial yield.; Available below replacement cost.
