Multi-Tenant Mixed-Use
For Sale
Contact for pricing
811 South Cashua Drive, Florence, SC 29501
Multiple leased suites are distributed across four buildings along an established commercial corridor.
Property Size5,772 SF
Price / SF$86.45
Days on Market91
Property Features for 811 South Cashua Drive
General Information
Standard status
Active
Size
5,772 SF
Property subtype
Retail, Office, Special Purpose
Zoning
B-3
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
1984
Buildings
4
Tenancy
Multi
Listing Agency:
Palmetto Commercial
(843) 667-4999
Listed By:
David Tedder · License #SC 47763
Source:
Crexi
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 8:32PM
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 Palmetto Commercial
Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 5,772 square feet across four buildings with multiple suites occupied by four tenants. Constructed in 1984, the property is fully leased and carries B-3 zoning. Private parking and direct access support the existing multi-tenant configuration.
The 1.18-acre site fronts South Cashua Drive in Florence, South Carolina, within an established commercial corridor. Approximately 13,900 vehicles pass the property daily, and surrounding national and regional businesses contribute to the established commercial setting. The asset maintains 100% occupancy across its tenant spaces.
The 1.18-acre site fronts South Cashua Drive in Florence, South Carolina, within an established commercial corridor. Approximately 13,900 vehicles pass the property daily, and surrounding national and regional businesses contribute to the established commercial setting. The asset maintains 100% occupancy across its tenant spaces.
Key Highlights
- 5,772 square feet across four buildings
- Four tenants occupy multiple suites
- 100% occupancy with the property fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,545
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$910,900
$910.9K
Cap Rate 7%
$650,643
$650.6K
Cap Rate 9%
$506,056
$506.1K
Market Conditions
NOI Build-Up for 5,772 SF
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.
Gross rent
$72.7K $12.60/SF
− Vacancy
−$12.0K −$2.08/SF
EGI
$60.7K $10.52/SF
− OpEx
−$15.2K −$2.63/SF
NOI
$45.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$910,900
Cap Rate 7%
$650,643
Cap Rate 9%
$506,056
Alternative Uses
Best Use
Office B
$650.6K
$569.3K – $759.1K
NOI $45,545 @ 7.0% cap · market cap 9.13%
Second Best
Mixed Use
$612.2K
$535.7K – $714.3K
NOI $42,857 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$851.0K
$744.6K – $992.8K
NOI $59,567 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple leased suites are distributed across four buildings along an established commercial corridor.
Where is this mixed-use property located?
The property is located at 811 South Cashua Drive Florence, SC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 5,772 square feet across four buildings; Four tenants occupy multiple suites; 100% occupancy with the property fully leased
