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    1520 Freedom Blvd Florence, SC 29505-6040
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    Property profile & analytics

    1520 Freedom Blvd Florence, SC 29505-6040

    View on Map
    • Medical Office Space
    • 13,196 SF
    • 1.87 lot acres
    Off-Market
    Last Sale Jun 18, 2021
    Property ID
    US77-0710731
    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.
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fresenius Kidney Care Freedom / Medical Clinic
    • Robinson Carolyn M / Physician
    • INDERPAL SINGH / Physician / Medical Clinic
    • JOHN CAMERON PITTARD / Physician / Medical Clinic

    Property Details for 1520 Freedom Blvd

    Year built
    2004
    Lot size
    1.87 lot acres
    Property size
    13,196 SF
    Zone code
    B3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    00179-01-076
    APU
    17901076

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $430,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $589,000
      Market price range: $208k - $589k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $370,000
      Current use
      RESTAURANT
      $795,000
      Change: +115% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $450,000
      Change: +22% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $425,000
      Change: +15% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $415,000
      Change: +12% Conversion: Moderate
      RETAIL STORES
      $400,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.753
    Latitude
    34.1635
    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
    $61,905
    $16,327
    $99,339
    $115,666
    -
    $408,165
    $2,483,471
    $2,891,636

    Comparable in this City

    • Value Estimation
      $1,130,000
      60,000 SF

      805 Pamplico Hwy, Unit 302

      MEDICAL BUILDING • 60,000 SF
      805 Pamplico Hwy, Florence, SC 29505-6047
      View Details
    • Value Estimation by Request
      7,200 SF

      611 2nd Loop Rd

      MEDICAL CLINIC • 7,200 SF
      611 2nd Loop Rd, Florence, SC 29505-2820
      View Details
    • Value Estimation by Request
      3,167 SF

      607 2nd Loop Rd

      MEDICAL BUILDING • 3,167 SF
      607 2nd Loop Rd, Florence, SC 29505-2820
      View Details
    • Value Estimation by Request
      7,964 SF

      Florence, SC 29505

      MEDICAL BUILDING • 7,964 SF
      Florence, SC 29505
      View Details
    • Value Estimation by Request
      4,034 SF

      680 Senior Way

      MEDICAL BUILDING • 4,034 SF
      680 Senior Way, Florence, SC 29505-6080
      View Details
    • Value Estimation by Request
      6,262 SF

      2501 Vance Dr

      MEDICAL BUILDING • 6,262 SF
      2501 Vance Dr, Florence, SC 29505-6163
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,666 SF

      McLeod Physician Associates For Sale

      2,666 SF medical office in Florence, SC for sale.
      1540 American Dr, Florence, SC 29505
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    • Contact for pricing
      7,950 SF

      Medical Office Building Near MUSC

      Medical office building near MUSC campus with ample parking.
      1929 Mountain Laurel Ct, 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
      4,740 SF

      Mixed-Use Investment Property

      4740 SF mixed-use property with three rental units.
      1701 Pamplico Hwy, 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

    Similar Nearby for Lease

    • 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
    • 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

      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
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    Florence, SC 29505-6040
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    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
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