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Property profile & analytics
OFF-MARKET
Estimated value
$4,810,000
Warehouses
1615 Lucas St Florence, SC 29501-1225
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-0614771
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
2,640 SF
Lot
0.92 ac (40,075 SF)
APN
00121-01-008
UPID
US77-0614771
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.81M
Owner & transaction history
Jag Properties Of Florence LLC · 3 yrs held
Jag Properties Of Florence LLC
since 2023
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,565,000
ML approach
$4,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.81M
Range $4.33M – $5.29M · ±10% · vs last sale $5.00M (Mar 10 2023)
Last sale anchor
$5.00M
Mar 10 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,822 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,299
Tax year 2023
Assessed value
$8,430
Assessed 2023
Previous assessed
$8,429,627
-99.9% YoY
Effective rate
51.00%
On assessed value
Assessed land
$4,000
Assessed improvement
$4,430
Land market value
$100,000
Improvement market value
$110,741
Total market value
$210,741
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
HEAT PUMP
Total area
2,640 SF
Lot
0.92 ac (40,075 SF)
APN
00121-01-008
UPID
US77-0614771
Jurisdiction
FLORENCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Heating
HEAT PUMP
Lot
0.92 ac
Current owner
From public records · entity-resolved
Jag Properties Of Florence LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1623 W LUCAS ST, FLORENCE, SC 29501-1225
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2023
—
William Jason Wicker
—
Deed
related
$345,000 · Jonathan Chandler
Mar 10, 2023
$5,000,000
Jag Properties Of Florence LLC
Howard H Efird
Deed
—
Feb 27, 2019
—
Wj Wicker Ents LLC
Wicker,william J
Quit Claim Deed
related
$430,000 · Dedicated Cmnty Bk
Mar 4, 2015
—
United Cmnty Bk
Business Carolina INC
Grant Deed
related
—
Mar 18, 2013
$390,000
Business Carolina INC
Porter,w Haigh
Grant Deed
—
Apr 9, 2010
—
Carolina Cars LLC
Rex A Matthews
Deed
$500,000 · Business Carolina INC
Jan 12, 2009
—
Carolina Cars LLC
Progress Energy Carolinas INC
Quit Claim Deed
—
Mar 21, 2005
$85,000
Rex A Matthews
Walter Connie M
Grant Deed
—
—
—
Rex A Matthews
—
Deed Of Trust
related
$562,297 · Williamsburg First Nat'l Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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