Office-Warehouse Flex
For Sale
Contact for pricing
1829 Habersham Square, Florence, SC 29501
Office space with three private offices and a reception area complements a warehouse with two drive-in doors.
Property Size5,000 SF
Lot Size0.81 Acres
Price / SF$115
Days on Market79
Property Features for 1829 Habersham Square
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.81 Acres
Property subtype
Office, Industrial
Zoning
Florence County B-3
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Year Built
1997
Buildings
1
Tenancy
Single
Listing Agency:
Palmetto Commercial
Listed By:
David Tedder · License #SC 47763
(843) 667-4999
Source:
Crexi
Added: Jun 18
Changed: Aug 31
Last Checked: Aug 31 at 7:13AM
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 office-warehouse flex property totals about 5,000 square feet and is designed for businesses that need both professional space and warehouse capacity. The office area includes three private offices, a reception/lobby, breakroom, two restrooms, and additional storage. The warehouse component is open and supports efficient operations with two drive-in doors.
The property sits on an approximately 0.81-acre lot in an established industrial area, located just off North Cashua Drive in Florence, South Carolina. It offers convenient access to I-95 and US Highway 52.
Overall, the layout provides a clear separation between office functions and warehouse operations, making it suitable for tenant and buyer needs that require both in one facility.
The property sits on an approximately 0.81-acre lot in an established industrial area, located just off North Cashua Drive in Florence, South Carolina. It offers convenient access to I-95 and US Highway 52.
Overall, the layout provides a clear separation between office functions and warehouse operations, making it suitable for tenant and buyer needs that require both in one facility.
Key Highlights
- Office/warehouse building built in 1997 with about 5,000 SF of functional space
- Office includes three private offices, a reception/lobby, breakroom, two restrooms, and storage space
- Warehouse offers two drive‑in doors for efficient loading and operations
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,454
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,080
$789.1K
Cap Rate 7%
$563,629
$563.6K
Cap Rate 9%
$438,378
$438.4K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$63.0K $12.60/SF
− Vacancy
−$10.4K −$2.08/SF
EGI
$52.6K $10.52/SF
− OpEx
−$13.2K −$2.63/SF
NOI
$39.5K $7.89/SF
Area
Florence County, SC
Vacancy
16.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$789,080
Cap Rate 7%
$563,629
Cap Rate 9%
$438,378
Alternative Uses
Best Use
Office B
$563.6K
$493.2K – $657.6K
NOI $39,454 @ 7.0% cap · market cap 6.86%
Second Best
Warehouse
$454.2K
$397.4K – $529.9K
NOI $31,791 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$737.1K
$645.0K – $860.0K
NOI $51,600 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29501, SC
46,528
Population
20,713
Households
2.2
Avg Household Size
40
Median Age
33%
College-Educated
93%
High-School Grad
52.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,618
Median Household Income
$46,246
Median Earnings
$995
Median Rent
$220,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office space with three private offices and a reception area complements a warehouse with two drive-in doors.
Where is this flex space located?
The property is located at 1829 Habersham Square Florence, SC.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Office/warehouse building built in 1997 with about 5,000 SF of functional space; Office includes three private offices, a reception/lobby, breakroom, two restrooms, and storage space; Warehouse offers two drive‑in doors for efficient loading and operations
