Restaurant Facility For
For Sale
Contact for pricing
1513 Pamplico Hwy, Florence, SC 29505
Restaurant facility with equipment included, southeast of Florence, SC.
Property Size4,682 SF
Lot Size1.48 Acres
Price / SF$121.53
Days on Market864
Property Features for 1513 Pamplico Hwy
General Information
Standard status
Active
Size
4,682 SF
Lot size
1.48 Acres
Property subtype
Retail
Building Details
Year Built
1955
Buildings
2
Stories
1
Listing Agency:
Curl & Carmon Real Estate, LLC
Listed By:
Rich Carmon · License #5457
Source:
Crexi
Added: Apr 23, 2024
Changed: Aug 22
Last Checked: Sep 2 at 10:14AM
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 Curl & Carmon Real Estate, LLC
Investment Insights
Based on property information with market context.
Located just southeast of Florence, South Carolina, this property features a family-style restaurant facility. The site encompasses 1.48 acres and includes a 3,472-square-foot restaurant building along with a detached 1,210-square-foot cookhouse. The combined area of the buildings is 4,682 square feet. The price includes restaurant equipment.
Key Highlights
- Family style restaurant facility
- Includes restaurant equipment
- Total building area of 4,682 SF (3,472 SF restaurant + 1,210 SF cookhouse)
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
$47,280
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
8.31%
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%
$945,600
$945.6K
Cap Rate 7%
$675,429
$675.4K
Cap Rate 9%
$525,333
$525.3K
Market Conditions
NOI Build-Up for 4,682 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
$65.7K $14.04/SF
− Vacancy
−$2.7K −$0.58/SF
EGI
$63.0K $13.46/SF
− OpEx
−$15.8K −$3.37/SF
NOI
$47.3K $10.10/SF
Area
Florence County, SC
Vacancy
4.10%
Lease Rate
$14.04 /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%
$945,600
Cap Rate 7%
$675,429
Cap Rate 9%
$525,333
Alternative Uses
Best Use
Specialty Retail
$675.4K
$591.0K – $788.0K
NOI $47,280 @ 7.0% cap · market cap 8.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.3K
$604.0K – $805.3K
NOI $48,318 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
485
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
8,555 visits/mo
0.0 miles
Shell
Shops & Services
4,090 visits/mo
0.3 miles
Storage Rentals of America
Shops & Services
348 visits/mo
0.2 miles
Demographics for 29505, SC
25,269
Population
10,647
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
50.9 sq mi
ZIP Area
496
Density / Sq Mi
$64,194
Median Household Income
$40,594
Median Earnings
$1,084
Median Rent
$174,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant facility with equipment included, southeast of Florence, SC.
Where is this conventional restaurant located?
The property is located at 1513 Pamplico Hwy Florence, SC.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: Family style restaurant facility; Includes restaurant equipment; Total building area of 4,682 SF (3,472 SF restaurant + 1,210 SF cookhouse)
