Office/Retail Conversion
For Sale
Contact for pricing
2901 W Palmetto Street, Florence, SC 29501
2600 SF residence on 1.6 acres, suitable for conversion.
Property Size2,600 SF
Lot Size1.60 Acres
Price / SF$153.85
Days on Market179
Property Features for 2901 W Palmetto Street
General Information
Standard status
Active
Size
2,600 SF
Lot size
1.60 Acres
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker Commercial Seaboard McMillan
Listed By:
Danny Wright · License #SC
Source:
Crexi
Added: Feb 7
Changed: Jul 6
Last Checked: Aug 4 at 2:08PM
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 Coldwell Banker Commercial Seaboard McMillan
Investment Insights
Based on property information with market context.
This 2600 square foot residence is situated on a 1.6 acre site and is suitable for office or retail conversion.
Key Highlights
- 1.6 acre site
- 2600 square foot residence
- Suitable for office conversion
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 | $32.8k | $12.60 |
| − Vacancy | −$5.4k | −$2.08 |
| EGI | $27.4k | $10.52 |
| − OpEx | −$6.8k | −$2.63 |
| NOI | $20.5k | $7.89 |
2,600 SF · lease $12.60/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$266.2K
$232.9K – $310.5K
NOI $18,632 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$383.3K
$335.4K – $447.2K
NOI $26,832 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Pee Dee Office Solutions — 2554 W Palmetto St, Florence, SC 29501
Frequently Asked Questions
What type of property is this?
Office space - 2600 SF residence on 1.6 acres, suitable for conversion.
Where is this office space located?
The property is located at 2901 W Palmetto Street Florence, SC.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1.6 acre site; 2600 square foot residence; Suitable for office conversion
