Office Building with Detached
For Sale
$259,000
2217 W Driftwood Avenue, Florence, SC 29501
A four-office layout includes a conference room, reception area, kitchenette, and outdoor patio.
Property Size1,512 SF
Price / SF$171.30
Days on Market20
Property Features for 2217 W Driftwood Avenue
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Property Use
Insurance Office
Amenities
patio area
detached 20x24 insulated storage building
Building Details
Building Size
1,512 SF
Year Built
1958
Buildings
2
Construction
brick
Abandoned
No
Listing Agency:
exp Realty Greyfeather Group
(843) 253-2405
Listed By:
Olivia N Grimsley
Source:
Browncokerrealty
Added: Oct 18
Changed: Nov 6
Last Checked: Nov 6 at 1:39AM
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 exp Realty Greyfeather Group
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Investment Insights
Based on property information with market context.
This 1,512-square-foot office building, constructed in 1958, is currently used as an insurance office. Its interior includes four private offices, a conference room, lobby and reception space, two bathrooms, and a kitchenette. A patio and detached 20-by-24-foot insulated storage building add to the property’s functional space. Recent work includes a new roof and replacement interior doors, both completed in 2025.
The property at 2217 W Driftwood Avenue sits between Second Loop Road and West Palmetto Street in Florence. Site features include a gravel driveway, a transferable HVAC maintenance contract, and pest-control service through Harris Pest Control.
The property at 2217 W Driftwood Avenue sits between Second Loop Road and West Palmetto Street in Florence. Site features include a gravel driveway, a transferable HVAC maintenance contract, and pest-control service through Harris Pest Control.
Key Highlights
- 1,512‑square‑foot office building constructed in 1958
- Four private offices, conference room, lobby and reception area
- Two bathrooms and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,931
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,620
$238.6K
Cap Rate 7%
$170,443
$170.4K
Cap Rate 9%
$132,567
$132.6K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$19.1K $12.60/SF
− Vacancy
−$3.1K −$2.08/SF
EGI
$15.9K $10.52/SF
− OpEx
−$4.0K −$2.63/SF
NOI
$11.9K $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 Rate 5%
$238,620
Cap Rate 7%
$170,443
Cap Rate 9%
$132,567
Alternative Uses
Best Use
Office B
$170.4K
$149.1K – $198.9K
NOI $11,931 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$222.9K
$195.1K – $260.1K
NOI $15,604 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
775
Businesses Nearby
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A four-office layout includes a conference room, reception area, kitchenette, and outdoor patio.
Where is this office building located?
The property is located at 2217 W Driftwood Avenue Florence, SC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,512‑square‑foot office building constructed in 1958; Four private offices, conference room, lobby and reception area; Two bathrooms and kitchenette
