Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1565 Palmetto St Florence, SC 29501
    Back to Search
    Property profile & analytics

    1565 Palmetto St Florence, SC 29501

    View on Map
    • Commercial real estate
    • 0.04 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Palmetto Discount Liquors Store / (Bike/Boat/Book/etc) Store / Wine and Liquor Store

    Property Details for 1565 Palmetto St

    Year built
    1949
    Lot size
    0.04 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 1565 W Palmetto Street in Florence, South Carolina, presents a unique opportunity for businesses seeking high visibility and strong foot traffic. Situated on a 0.04-acre lot, this general commercial space boasts a prime location directly adjacent to the Swamp, ensuring consistent exposure to a large customer base. Currently occupied by XClusive Gear, the property offers immediate income potential for investors. The monthly rent is $1800, with an additional $195 covering common area maintenance (CAM) and property taxes. The property's precise square footage is not currently available. This location on busy West Palmetto Street offers unparalleled access and visibility, making it ideal for a variety of commercial uses, including retail, office space, or other suitable businesses. The property's proximity to the Swamp further enhances its appeal, providing a dynamic and high-traffic environment. This is a rare opportunity to secure a well-positioned commercial space in a thriving area of Florence. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence County
    State
    South Carolina
    Longitude
    -79.7964
    Latitude
    34.1911

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      301 And 76

      Land • 12.00 Acres
      301 And 76, Florence, SC 29501
      View Details
    • Value Estimation by Request
      0.11 Acres

      180 Freight Rd

      Commercial real estate • 0.11 Acres
      180 Freight Rd, Florence, SC 29501
      View Details
    • Value Estimation by Request
      3,000 SF

      1937 1937 Palmetto

      Commercial real estate • 3,000 SF
      1937 1937 Palmetto, Florence, SC 29501
      View Details
    • Value Estimation by Request
      1.53 Acres

      1220 Lucas St

      COMMERCIAL (GENERAL) • 1.53 Acres
      1220 Lucas St, Florence, SC 29501-1218
      View Details
    • Value Estimation by Request
      2.17 Acres

      Old Ebenezer Rd

      COMMERCIAL (GENERAL) • 2.17 Acres
      Old Ebenezer Rd, Florence, SC 29501
      View Details
    • Value Estimation by Request

      412 Pne St

      COMMERCIAL (GENERAL)
      412 Pne St, Florence, SC 29501-4729
      View Details

    Similar Nearby for Sale

    • $195,000
      3,332 SF

      Florence Commercial Building - Great Location

      Prime Commercial Space, 3,332 sq ft, 0.25 acre lot
      111 111 Laurel St, Florence, SC 29501
      View Details
    • $79,000
      1,200 SF

      Florence Commercial Building on Evans

      Standalone building on Evans Street with redevelopment potential.
      617 W Evans St, Florence, SC 29501
      View Details
    • $4,092,000
      17,174 SF

      Florence, SC Medical Facility

      Corporate-leased medical building, high NOI.
      1933 2Nd Loop Rd, Florence, SC 29501
      View Details
    • $265,000
      0.37 Acres

      Prime Location Commercial Land

      Commercial land in a prime location, sold as is.
      818 S Cashua Dr, Florence, SC 29501
      View Details
    • $2,700,000
      16,304 SF

      Historic Downtown Florence Commercial Building

      16,000 SF historic building in thriving downtown Florence.
      248-260 W Evans St, Florence, SC 29501
      View Details
    • Contact for pricing

      Commercial Land Near Downtown Florence

      Commercial land close to downtown, hospitals, and airport.
      601 S Church St, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      11,390 SF

      Versatile Commercial Space in Florence

      Commercial property with bay doors, ideal for automotive or warehouse.
      374 Darlington St, Florence, SC 29501
      View Details
    • Contact for pricing

      New Metal Building Near Highways

      Newly constructed flex/industrial/office space near major highways.
      2315 Prosperity Way, Florence, SC 29501
      View Details
    • Contact for pricing

      Downtown Florence Open Concept Office

      Open concept office space with exceptional visibility in Downtown Florence.
      620 W Evans St, Florence, SC 29501
      View Details
    • Contact for pricing

      Prime Acreage on West Palmetto

      Commercial land for rent near Florence Mall and Five Points.
      1609 W Palmetto St, Florence, SC 29501
      View Details
    • Contact for pricing

      Florence Warehouse in West End

      Warehouse in Florence's West End District, near major retailers.
      2295 Hoffmeyer Rd, Florence, SC 29501
      View Details
    • Contact for pricing

      Office Space Across From Park

      Flexible office spaces for rent in historic building.
      720 S Coit St, Florence, SC 29501
      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.
    1565 Palmetto St
    Florence, SC 29501
    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

    Thank You for Inquiry
    1565 Palmetto St, Florence, SC, 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!