Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    284 Bultman Dr Sumter, SC 29150

    • Commercial real estate
    • 5.64 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 284 Bultman Dr

    Lot size
    5.64 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.64-acre commercial land parcel presents a prime investment opportunity in Sumter, South Carolina. Strategically located near Board Street, this property enjoys a high-traffic location, benefiting from its proximity to established malls and other thriving commercial businesses. The corner lot configuration offers excellent visibility and accessibility, making it ideal for a wide range of commercial developments. The zoning designation is General Commercial District, providing flexibility for various uses. This substantial acreage provides ample space for a large-scale project or the potential for subdivision into smaller parcels. Given its size, location, and zoning, this property represents a rare opportunity to acquire a significant commercial land holding in a dynamic and growing area. The high volume of traffic ensures strong visibility for any business established on this site. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's location near major retail centers further enhances its appeal and potential for success. This is a unique chance to secure a prominent commercial presence in a thriving South Carolina market. The substantial acreage allows for significant development potential, catering to a variety of commercial ventures.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.3691
    Latitude
    33.9511

    Comparable in this City

    • Value Estimation by Request
      1.08 Acres

      124 Liberty St

      Commercial real estate • 1.08 Acres
      124 Liberty St, Sumter, SC 29150
      View Details
    • Value Estimation by Request
      0.88 Acres

      1311-1321 Pocalla Rd

      Land • 0.88 Acres
      1311-1321 Pocalla Rd, Sumter, SC 29150
      View Details
    • Value Estimation by Request

      655 Liberty St

      Land
      655 Liberty St, Sumter, SC 29150
      View Details
    • Value Estimation by Request
      3.69 Acres

      1350 Manning Rd

      Land • 3.69 Acres
      1350 Manning Rd, Sumter, SC 29150
      View Details
    • Value Estimation by Request
      12.25 Acres

      15 And Nettles Rd

      Land • 12.25 Acres
      15 And Nettles Rd, Sumter, SC 29150
      View Details
    • Value Estimation by Request
      2,421 SF

      400 Stark St

      COMMERCIAL (GENERAL) • 2,421 SF
      400 Stark St, Sumter, SC 29150
      View Details

    Similar Nearby for Sale

    • $1,195,000
      4.02 Acres

      Broad Street Commercial Land Investment

      4.02 Acres, High-Visibility Location
      2965-2985 Broad St, Sumter, SC 29150
      View Details
    • $595,000
      1.40 Acres

      Sumter, SC Commercial Land - $595K

      1.4-acre commercial lot, prime Sumter location.
      1120 Liberty St, Sumter, SC 29150
      View Details
    • $49,500
      1.08 Acres

      Downtown Sumter Commercial Lot

      Prime Liberty Street location, 1.08 acres.
      124 Liberty St, Sumter, SC 29150
      View Details
    • $960,000

      Prime Sumter Commercial Land

      $960,000 - High-Visibility Sumter Property
      125 Wesmark Blvd, Sumter, SC 29150
      View Details
    • $115,000

      Prime Sumter Commercial Land

      $115K - 48,910 sq ft lot
      655 Liberty St, Sumter, SC 29150
      View Details
    • $1,250,000
      5.00 Acres

      Sumter Commercial Land: 5 Acres

      Prime Sumter location, 5-acre commercial lot.
      0 Patriot Pkwy, Sumter, SC 29150
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      257,238 SF

      Sumter Warehouse: 257,238 SF Available

      Large industrial warehouse space for lease in Sumter, SC.
      222 Calhoun St, Sumter, SC 29150
      View Details
    • Contact for pricing
      470,884 SF

      Sumter County Industrial Build-to-Suit Site

      10.81-Acre Industrial Land in SC
      2630 Highway 15, Sumter, SC 29150
      View Details
    • $1,450 /Mo
      1,500 SF

      Office Space in Chestnut Square

      Office space for lease in Sumter's Chestnut Square shopping center.
      1147 N Guignard Dr, Sumter, SC 29150
      View Details
    • $3,750 /Mo
      10,500 SF

      Warehouse with Office and Yard

      10500 sq ft warehouse with offices, loading dock, fenced yard.
      30 Bridge Ct, Sumter, SC 29150
      View Details
    • Contact for pricing
      8,000 SF

      Wesmark Plaza: Sumter Retail Space

      8,000 SF Restaurant Space Available
      1121 Broad St, Sumter, SC 29150
      View Details
    • $425 /Mo
      465 SF

      Retail Space in Sumter, SC

      465 sq ft barbershop with half-bath available for rent.
      896-B W Liberty St, Sumter, SC 29150
      View Details
    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.
    284 Bultman Dr
    Sumter, SC 29150
    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.