Fully Leased Retail
823-817 S Cashua Drive, Florence, SC 29501
For Sale
$1,550,000
Two connected buildings form a retail property across from a Walmart Neighborhood Market.
Property Size15,450 SF
Price / SF$100.32
Days on Market174
Property Features for 823-817 S Cashua Drive
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Southern Shores Real Estate Group
Listed By:
Chris Barnette
Source:
Parrishhometeamrealty
Added: May 20
Changed: Nov 7
Last Checked: Nov 8 at 9:51AM
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 Southern Shores Real Estate Group
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Investment Insights
Based on property information with market context.
This retail center comprises two connected buildings: 817 S. Cashua, with 7,450 square feet, and 823 S. Cashua, with 8,000 square feet. Built in 2000, the buildings are described as being in good condition, and the center is fully occupied.
The property is located across the street from a Walmart Neighborhood Market on S. Cashua Drive in Florence, South Carolina. High traffic count is noted for the area.
The property is located across the street from a Walmart Neighborhood Market on S. Cashua Drive in Florence, South Carolina. High traffic count is noted for the area.
Key Highlights
- Two connected retail buildings total 15,450 square feet
- 817 S. Cashua building contains 7,450 square feet
- 823 S. Cashua building contains 8,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,715
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,300
$2.2M
Cap Rate 7%
$1,581,643
$1.6M
Cap Rate 9%
$1,230,167
$1.2M
Market Conditions
NOI Build-Up for 15,450 SF
Gross rent
$176.1K $11.40/SF
− Vacancy
−$18.0K −$1.16/SF
EGI
$158.2K $10.24/SF
− OpEx
−$47.4K −$3.07/SF
NOI
$110.7K $7.17/SF
Area
Florence County, SC
Vacancy
10.20%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,214,300
Cap Rate 7%
$1,581,643
Cap Rate 9%
$1,230,167
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.85M
NOI $110,715 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,444 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 78%
Shops & Services 22%
Walmart Neighborhood Market
Groceries
36,967 visits/mo
0.2 miles
Circle K
Shops & Services
8,618 visits/mo
0.3 miles
Jackson Hewitt Tax Service
Shops & Services
1,745 visits/mo
0.3 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Bargain Ben's Treasure Den — 919 S Cashua Dr, Florence, SC 29501
- TheLKCollections — 2201 2nd Loop Rd, Florence, SC 29501
Frequently Asked Questions
What type of property is this?
Shopping center - Two connected buildings form a retail property across from a Walmart Neighborhood Market.
Where is this shopping center located?
The property is located at 823-817 S Cashua Drive Florence, SC.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two connected retail buildings total 15,450 square feet; 817 S. Cashua building contains 7,450 square feet; 823 S. Cashua building contains 8,000 square feet
