Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1408 Russell St Orangeburg, SC 29115

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story professional office building with multiple suites and individual offices.

    Type:Office
    Property size:
    5,840 SF
    Lot size:
    0.30 Acres
    Added:
    Jul 23, 2024
    Days on Market:
    634
    Last Refresh:
    Mar 17 at 1:26 pm

    Property Features for 1408 Russell St

    General Information

    Standard status
    Active
    Size
    5,840 SF
    Lot size
    0.30 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Cal Bruner

    Listing agent Cal Bruner License #SC 4526

    Listing office The Litchfield Company - Commercial Division

    Listing date Jul 23, 2024

    Source Crexi

    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 The Litchfield Company - Commercial Division

    Overview

    Two-Story Office Building For Sale

    This is a two-story professional office building with approximately 5840 square feet of space, situated at the corner of Russell and Doyle Streets. Constructed in 1958, the building occupies a 0.30-acre lot. Level 1 features Suite 1 with 4 offices, Suite 2 with 3 offices, 3 individual offices, 1 restroom, and a walk-in vault. Level 2 includes Suite 3 with 4 offices, Suite 4 with 2 offices, 3 individual offices, an equipment room, and 2 restrooms. The property's tax map number is 0173-13-25-001. Property taxes are $5710.74.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lawrence Speech Services Physician No Shame Counseling, ... Crisis Center Speech Therapy Group Physician The Louthian Firm Accident ... Law Firm D'Vine On Russell Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orangeburg
    County
    Orangeburg
    State
    South Carolina
    Longitude
    -80.8610631
    Latitude
    33.4908526

    Nearby Similar for Sale

    • $249,900
      6,000 SF

      Orangeburg Commercial Property with Warehouse

      Two buildings ideal for office, retail, or warehouse use.
      2874 Bamberg Road, Orangeburg, SC 29115
      View Details
    • $75,000
      2,014 SF

      Orangeburg Duplex Value-Add Opportunity

      Two homes on one lot, ideal for investors or owner-occupants.
      834 Peasley, Orangeburg, SC 29115
      View Details
    • $140,000

      Orangeburg Quadruplex: Investor Opportunity

      Income-producing quadruplex with value-add potential in Orangeburg, South Carolina.
      1660 Windsor Street, Orangeburg, SC 29115
      View Details
    • $185,000
      1,750 SF

      Versatile Commercial Property in Orangeburg

      Excellent investment for beauty, salon, spa, or health business.
      495 Dantlzer Street, Orangeburg, SC 29115
      View Details
    • $199,000

      New Ranch Home with CG Zoning

      New 3-bedroom ranch with commercial zoning flexibility.
      109 NW Haddock Road, Orangeburg, SC 29115
      View Details
    • $699,500
      5,000 SF

      Leased Retail Center For Sale

      5,000 SF fully leased retail center in Orangeburg, SC.
      1260 Ridgewood Dr, Orangeburg, SC 29118
      View Details
    • $825,000
      13,298 SF

      Orangeburg Flex/Industrial Investment Opportunity

      Freestanding flex building with warehouse and fenced yard for sale.
      351 John C Calhoun Drive, Orangeburg, SC 29115
      View Details
    • Contact for pricing
      4,869 SF

      Retail Site in Orangeburg, SC

      1.32-acre retail site with 4,869 SF available.
      Orangeburg, SC 29118
      View Details
    • $1,300,000
      17,960 SF

      Office/Warehouse Space Near Downtown

      Office/warehouse space with drive-through access and fenced backyard.
      328 John C Calhoun Dr, Orangeburg, SC
      View Details
    • $395,000
      16,800 SF

      16,800 SF Industrial Property For Sale

      16,800 SF warehouse in downtown Orangeburg, SC, near I-26.
      780 Nottingham St, Orangeburg, SC 29115
      View Details
    • $1,518,000
      8,320 SF

      Retail Space For Sale

      Retail space available, offering 8,320 square feet.
      480 Stonewall Jackson St SW, Orangeburg, SC 29115
      View Details
    • Contact for pricing
      29,000 SF

      Mixed-Use Retail Opportunity

      29,000 SF mixed-use or large retail opportunity for sale.
      1204 Brickle St, Orangeburg, SC
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story professional office building with multiple suites and individual offices.
    Where is this office building located?
    The property is located at 1408 Russell St Orangeburg, SC.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: 5840 +/- Sq. Ft. two‑story professional office building; Located at the corner of Russell and Doyle St.; Multiple suites and individual offices on both levels
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Cal Bruner
    Real Estate License ID: SC 4526
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!