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

    1180 Festival Dr Florence, SC 29501-5597

    • Day care centers
    • 5,611 SF
    • 0.91 lot acres
    OFF-MARKET
    Last Sale
    Jun 22, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2454657
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Day care centers

    Property Details for 1180 Festival Dr

    Year built
    2018
    Lot size
    0.91 lot acres
    Property size
    5,611 SF
    Property type
    Day care centers
    APN
    00100-01-253
    APU
    10001253

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.8318
    Latitude
    34.1729
    CBSA code
    22500
    CBSA name
    FLORENCE, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,284
    $5,200
    $19,622
    $24,822
    -
    $130,000
    $490,539
    $620,539

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      1335 Golf Ter Blvd

      DAY CARE, PRE-SCHOOL • 4,000 SF
      1335 Golf Ter Blvd, Florence, SC 29501-6263
      View Details
    • Value Estimation by Request
      6,630 SF

      2111 Jody Rd

      DAY CARE, PRE-SCHOOL • 6,630 SF
      2111 Jody Rd, Florence, SC 29501-2031
      View Details
    • Value Estimation by Request
      2,880 SF

      1511 Stokes Rd

      DAY CARE, PRE-SCHOOL • 2,880 SF
      1511 Stokes Rd, Florence, SC 29501-7015
      View Details
    • Value Estimation by Request
      5,024 SF

      1804 2nd Loop Rd

      DAY CARE, PRE-SCHOOL • 5,024 SF
      1804 2nd Loop Rd, Florence, SC 29501-6121
      View Details
    • Value Estimation by Request
      4,900 SF

      2009 2nd Loop Rd

      DAY CARE, PRE-SCHOOL • 4,900 SF
      2009 2nd Loop Rd, Florence, SC 29501-6124
      View Details
    • Value Estimation by Request
      2,087 SF

      822 Cashua Dr

      DAY CARE, PRE-SCHOOL • 2,087 SF
      822 Cashua Dr, Florence, SC 29501-6373
      View Details

    Similar Nearby for Sale

    • $638,800
      13,801 SF

      Commercial Property on S Cashua Drive

      Three buildings on three lots near Walmart in Florence, SC.
      818 Delmae Dr, Florence, SC 29501
      View Details
    • $200,000
      12.00 Acres

      Prime Florence SC Acreage

      12 Acres, Hwy 301 & 76 Frontage
      301 And 76, Florence, SC 29501
      View Details
    • $200,000
      1,520 SF

      Florence Retail Investment Opportunity

      1,520 SF Commercial Building, $200,000
      702 Barringer St, Florence, SC 29501
      View Details
    • $200,000
      1,350 SF

      Florence Retail Investment Opportunity

      1,350 SF Retail Building, High Traffic Area
      726 Barringer St, Florence, SC 29501
      View Details
    • $262,500
      0.26 Acres

      Florence Commercial Building

      Versatile Office Building, High Traffic Area
      603 Palmetto St, Florence, SC 29501-4301
      View Details
    • $125,000
      0.10 Acres

      Florence Commercial Corner Lot

      High-traffic location, prime development.
      360 Dargan St, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • $206 SF/Yr
      3,000 SF

      Prime Florence Office Building

      Elegant Office, Move-In Ready
      720 Coit St, Florence, SC 29501
      View Details
    • $0.38 SF/Yr
      57,499 SF

      Florence Commercial Land Lease Opportunity

      ±1.32 Acres, High-Traffic Location
      1609 Palmetto St, Florence, SC 29501
      View Details
    • $226 SF/Yr
      1,400 SF

      Downtown Florence Office Suite A

      1400 sq ft Executive Office Space for Lease
      620 Evans St, Florence, SC 29501
      View Details
    • $90 SF/Yr
      36,360 SF

      West End District Warehouse

      36,360 SF Warehouse, Prime Location
      2295 Hoffmeyer Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      16,800 SF

      Florence County Executive Office Space

      Modern Flex Space, 10,500 SF Available
      2315 Prosperity Way, Florence, SC 29501
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Florence, SC

      8,000 SF retail space available for lease.
      2600 David H Mcleod Blvd, 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.
    1180 Festival Dr
    Florence, SC 29501-5597
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.