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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Distribution centers
2300 Prosperity Way Florence, SC 29501-0802
Entity Owned
12-yr Hold
Free & Clear
Property ID
US77-1105689
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Total area
84,261 SF
Lot
32 ac (1,393,920 SF)
APN
00145-01-086
UPID
US77-1105689
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.91M
Owner & transaction history
Hudson & Hudson Invs LLC · 12 yrs held
Hudson & Hudson Invs LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.7M
+16.1%
Auto repair, garage
$5.2M
+6.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,880,000
Current use
RETAIL STORES
$5,670,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,210,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,496
Tax year 2023
Assessed value
$91,135
Assessed 2023
Previous assessed
$91,134,883
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$28,160
Assessed improvement
$62,975
Land market value
$704,000
Improvement market value
$1,574,372
Total market value
$2,278,372
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1987
Heating
NONE
Buildings
3
Total area
84,261 SF
Lot
32 ac (1,393,920 SF)
APN
00145-01-086
UPID
US77-1105689
Jurisdiction
FLORENCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.9M
RETAIL STORES
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$5.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Buildings
3
Lot
32 ac
Current owner
From public records · entity-resolved
Hudson & Hudson Invs LLC
Entity
Free & Clear · 12 yrs held
Mailing address
3603 CLINTON RD, FAYETTEVILLE, NC 28312-9271
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2021
—
Hudson & Hudson Investments LLC
—
Deed
related
$2,410,000 · Truist Bank
Jun 22, 2018
—
Hudson & Hudson Invs LLC
—
Deed
related
$4,100,000 · Branch Bk&tr
Dec 9, 2013
$625,000
Hudson & Hudson Invs LLC
Institution Food House INC
Grant Deed
—
Jun 25, 2012
—
Institution Food House INC
Mdi Management INC
Quit Claim Deed
related
—
Jun 25, 2012
$2,234,795
Institution Food House INC
Mdi Management INC
Grant Deed
—
—
—
Hudson & Hudson Investments
—
Deed Of Trust
related
$1,200,000 · Capital Bk
—
—
Hudson & Hudson Invs LLC
—
Deed Of Trust
related
$4,100,000 · Branch Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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