603 W Palmetto Street Florence, SC 29501
Functional office building in high traffic area, ideal for professionals.
Property Features for 603 W Palmetto Street
General Information
- Standard status
- Active
- Size
- 2,004 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1940
Listing office Coldwell Banker McMillan and Associates
Listing date Nov 6, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker McMillan and Associates
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic count location ideal for attracting clients.
- Versatile office building suitable for various professionals.
- Five offices provide ample space for staff and operations.
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 | $25.3k | $12.60 |
| − Vacancy | −$4.2k | −$2.08 |
| EGI | $21.1k | $10.52 |
| − OpEx | −$5.3k | −$2.63 |
| NOI | $15.8k | $7.89 |
