Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Irby St Florence, SC 29505

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2400 Irby St Florence, SC 29505

    View on Map
    • Land
    • 9.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2400 Irby St

    Lot size
    9.50 lot acres
    Property type
    Land

    Description

    This exceptional 9.5-acre commercial land parcel presents a remarkable investment opportunity in Florence, South Carolina. Located at 2400 S Irby St, zip code 29505, this property boasts a highly desirable location adjacent to numerous established businesses, including Walmart, Tractor Supply, Clemson University Extension, and Stefano's Restaurant, ensuring high visibility and convenient access for potential tenants. The property is zoned Florence County B3, offering flexibility for a variety of commercial developments, such as office or retail spaces. The expansive lot size provides ample room for significant construction and development. The property's convenient ingress and egress onto South Irby Street ensures easy accessibility for customers and employees. With its strategic location and zoning, this property is ideally suited for developers seeking a prime location to build a thriving commercial venture. The APN is a portion of 00151-01-001. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving area with significant potential for growth and return on investment. The asking price for this exceptional property is $1,200,000.

    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
    State
    South Carolina
    Longitude
    -79.7702
    Latitude
    34.1498

    Comparable in this City

    • Value Estimation by Request

      500 2Nd Loop Rd

      Individual retail properties
      500 2Nd Loop Rd, Florence, SC 29505
      View Details
    • Value Estimation by Request
      1.14 Acres

      2Nd Loop Rd

      Land • 1.14 Acres
      0 2Nd Loop Rd, Florence, SC 29505
      View Details
    • Value Estimation by Request
      3.29 Acres

      7 Aunt Prissey Ct

      Land • 3.29 Acres
      7 Aunt Prissey Ct, Florence, SC 29505
      View Details
    • Value Estimation by Request
      3.93 Acres

      6 Aunt Prissey Ct

      Land • 3.93 Acres
      6 Aunt Prissey Ct, Florence, SC 29505
      View Details
    • Value Estimation by Request
      3.32 Acres

      8 Leigh Ln

      Land • 3.32 Acres
      8 Leigh Ln, Florence, SC 29505
      View Details
    • Value Estimation by Request
      4.83 Acres

      4 Tara Dr

      Land • 4.83 Acres
      4 Tara Dr, Florence, SC 29505
      View Details

    Similar Nearby for Sale

    • $59,900
      3.32 Acres

      Florence Land With Updated Survey

      3.32 acres of land in Florence, South Carolina.
      8 Leigh Ln, Florence, SC 29505
      View Details
    • Contact for pricing

      Land For Sale Florence SC

      Land available at 1701 Freedom Blvd, Florence, SC 29505
      1701 Freedom Blvd, Florence, SC 29505
      View Details
    • Contact for pricing
      0.82 Acres

      Florence Land with Updated Survey

      Residential land available in Florence, South Carolina with updated survey.
      9 Leigh Ln, Florence, SC 29505
      View Details
    • Contact for pricing

      Prime Development Site For Sale

      7.21-acre development site on Second Loop Road, Florence, SC.
      420 2Nd Loop Rd, Florence, SC 29505
      View Details
    • Contact for pricing

      Commercial Outparcels on Freedom Boulevard

      Available outparcels on Freedom Boulevard with high traffic count.
      Florence, SC 29505
      View Details
    • Contact for pricing

      Prime Land with Dual Access

      Commercial land with excellent visibility and accessibility.
      1432 Pamplico Hwy, Florence, SC 29505
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Outparcel in High-Traffic Area

      Outparcel for ground lease or build-to-suit in Florence, SC.
      500 2Nd Loop Rd, Florence, SC 29505
      View Details
    • Contact for pricing

      Retail Space at Claussen Shops

      Grocery-anchored retail space for lease with ample parking.
      2332 Pamplico Hwy, Florence, SC 29505
      View Details
    • Contact for pricing

      Renovated Retail Space on US-52

      Anchor suite in renovated shopping center with high visibility.
      1611 S Irby St, Florence, SC 29505
      View Details
    • Contact for pricing

      New Office Space Available

      Shell space in a new building, build-out to suit.
      609 2Nd Loop Rd, Florence, SC 29505
      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.
    2400 Irby St
    Florence, SC 29505
    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!