329 N Irby St Florence, SC 29501
Historic building in downtown Florence, suitable for commercial use.
Property Features for 329 N Irby St
General Information
- Standard status
- Active
- Size
- 12,411 SF
- Lot size
- 1.55 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1948
Listing office PLC Commercial (843) 229-3903
Listing date Oct 4, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of PLC Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- Historic property listed on the National Register of Historic Places.
- Located in the heart of downtown Florence.
- Situated on the corner of Irby and Darlington Streets.
Local 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 | $156.4k | $12.60 |
| − Vacancy | −$25.8k | −$2.08 |
| EGI | $130.6k | $10.52 |
| − OpEx | −$32.6k | −$2.63 |
| NOI | $97.9k | $7.89 |
