Remodeled Office
For Sale
Under Contract
$300,000
910 W Evans st, Florence, SC 29501
COMMERCIAL/INDUSTRIAL, Florence, SC
Property Size2,165 SF
Lot Size0.27 Acres
Price / SF$138.57
Days on Market87
Property Features for 910 W Evans st
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Central Business Area
Subdivision
FLORENCE
Standard status
Active Under Contract
Size
2,165 SF
Lot size
0.27 Acres
Utilities
Cooling system
Central Air
Building Details
Year built
1941
Flooring type
Wood
Building materials
Brick Veneer
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Anareli Branch · License #134738
(704) 454-8820
Added: Jun 8
Changed: Aug 25
Last Checked: Sep 2 at 11:06AM
MLS# 20253821
Copyright © 2026 Pee Dee Realtor Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 910 W Evans St in Florence, this 2,165-square-foot office building occupies a 0.27-acre parcel. Originally constructed in 1941, the property has undergone a comprehensive renovation that included a new roof, HVAC, electrical system, and plumbing. Brick veneer construction, wood flooring, and central air are among the existing features.
The interior provides five rooms that can function as private offices or treatment areas, along with a kitchen fitted with new cabinets and granite countertops. One full bathroom and one half bath support both staff and visitors. The building is positioned minutes from downtown Florence and offers a flexible office configuration for professional or service-oriented business use.
The interior provides five rooms that can function as private offices or treatment areas, along with a kitchen fitted with new cabinets and granite countertops. One full bathroom and one half bath support both staff and visitors. The building is positioned minutes from downtown Florence and offers a flexible office configuration for professional or service-oriented business use.
Key Highlights
- 2,165‑square‑foot office building on a 0.27‑acre parcel
- Comprehensive renovation included roof, HVAC, electrical, and plumbing upgrades
- Five rooms suitable for private offices or treatment areas
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
$20,253
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
6.75%
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%
$405,060
$405.1K
Cap Rate 7%
$289,329
$289.3K
Cap Rate 9%
$225,033
$225.0K
Market Conditions
NOI Build-Up for 2,165 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
$36.9K $17.04/SF
− Vacancy
−$3.1K −$1.45/SF
EGI
$33.8K $15.59/SF
− OpEx
−$13.5K −$6.24/SF
NOI
$20.3K $9.35/SF
Area
Florence County, SC
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
40.00%
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%
$405,060
Cap Rate 7%
$289,329
Cap Rate 9%
$225,033
Alternative Uses
Best Use
Healthcare Medical
$289.3K
$253.2K – $337.6K
NOI $20,253 @ 7.0% cap · market cap 6.75%
Second Best
Office B
$244.0K
$213.5K – $284.7K
NOI $17,083 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$319.2K
$279.3K – $372.4K
NOI $22,343 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
669
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Five-room commercial layout with a kitchen, full bathroom, and additional half bath.
Where is this office units located?
The property is located at 910 W Evans st Florence, SC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 2,165‑square‑foot office building on a 0.27‑acre parcel; Comprehensive renovation included roof, HVAC, electrical, and plumbing upgrades; Five rooms suitable for private offices or treatment areas
