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

    1710 Wellman Rd Marion, SC 29571

    • Industrial properties
    • 5,967 SF
    • 2.92 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1710 Wellman Rd

    Year built
    2024
    Lot size
    2.92 lot acres
    Property size
    5,967 SF
    Property type
    Industrial properties
    Property subtype
    Distribution centers

    Description

    This ±5,967 square foot distribution warehouse in Marion, South Carolina, is a new 2024 construction serving as a Frito-Lay Product Exchange Center. The property sits on approximately 2.92 acres and features five dock-high doors, ample yard space, and a highly functional layout ideal for distribution. A 10-year net lease with PepsiCo Global Real Estate, Inc., a subsidiary of PepsiCo, Inc. (A+ credit rating), is in place, providing a secure, long-term investment. The lease includes 2% annual rent increases, offering inflation protection. This strategic location within the Florence submarket along the I-95 corridor provides easy access to major Southeast markets, including Myrtle Beach, Columbia, Charlotte, and Charleston. Marion, SC, and South Carolina benefit from strong market fundamentals, a pro-business environment, and ongoing economic growth, further enhancing the property's value and appeal. The building-to-land ratio is approximately 4.69%. The asking price is $3,670,677, representing a 6.63% cap rate. The lease includes two 3-to-5-year renewal options. This presents a compelling opportunity for investors seeking a stable, high-yield investment with a blue-chip tenant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    South Carolina
    Longitude
    -79.344
    Latitude
    34.1918

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      Carol White Ct

      Distribution properties • 3,600 SF
      0 Carol White Ct, Marion, SC 29571
      View Details
    • Value Estimation by Request
      44.77 Acres

      Marion, SC 29571

      MANUFACTURING (LIGHT) • 44.77 Acres
      Marion, SC 29571
      View Details
    • Value Estimation by Request
      1.56 Acres

      132 Herb Levy Rd

      MANUFACTURING (LIGHT) • 1.56 Acres
      132 Herb Levy Rd, Marion, SC 29571-4656
      View Details
    • Value Estimation by Request
      40.00 Acres

      1313 Hwy 76

      MANUFACTURING (LIGHT) • 40.00 Acres
      1313 Hwy 76, Marion, SC 29571-6614
      View Details
    • Value Estimation by Request

      Marion, SC 29571

      MANUFACTURING (LIGHT)
      Marion, SC 29571
      View Details
    • Value Estimation by Request
      15.59 Acres

      Marion, SC 29571

      MANUFACTURING (LIGHT) • 15.59 Acres
      Marion, SC 29571
      View Details

    Similar Nearby for Sale

    • $2,000,000
      6,360 SF

      Prime Marion County Flex Space

      17.5 Acres, 6360 SF, Multi-Tenant
      2127 Highway 501, Marion, SC 29571
      View Details
    • $449,000
      Pending

      Marion Commercial Property with Garages

      Versatile commercial property with office, garages, and fenced yard.
      2152 Senator Gasque Hwy, Marion, SC 29571
      View Details
    • $150,000
      0.10 Acres

      Historic Main Street Gem

      Charming 7000 sq ft commercial building
      217 Main St, Marion, SC 29571
      View Details
    • $270,000
      4,608 SF

      Downtown Marion Commercial Building

      Historic District Office Space, High Visibility
      507 507 Main St, Marion, SC 29571
      View Details
    • $65,000
      1,800 SF

      Marion Laundromat Investment Opportunity

      Established Laundromat, Great Potential
      600 600 Manning St, Marion, SC 29571
      View Details
    • Contact for pricing
      0.23 Acres

      Residential Lot in Marion, SC

      Residential lot in Marion, SC, ideal for home or investment.
      619 Eutaw St, Marion, SC 29571
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      3,600 SF

      Marion County Warehouse - 3600 SF

      Single-tenant warehouse, ideal for storage.
      0 Carol White Ct, Marion, SC 29571
      View Details
    • $1,000 /Mo
      2,000 SF

      Office Space in Marion, SC

      Office space featuring a reception area, offices, and conference room.
      1450 E Northside Ave, Marion, SC 29571
      View Details
    • $10 SF/Yr
      21,120 SF

      Retail Space in Marion Plaza

      Retail space available in Marion Plaza Shopping Center.
      1107 E Godbold St, Marion, SC 29571
      View Details
    • $4 SF/Yr
      28,000 SF

      Retail Space For Lease

      28,000 SF retail space on 4.48 AC available.
      1404 N Main St, Marion, SC 29571
      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.
    1710 Wellman Rd
    Marion, SC 29571
    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.