New search
Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
1807 Cherokee Rd Florence, SC 29501-3101
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-1373375
Property summary
AI-generated overview
This three-story, Class B office building at 1807 Cherokee Rd, Florence, SC 29501, offers 9,054 square feet of flexible space. Currently, 4,882 square feet are available for lease, divisible into units as small as 153 square feet and up to a contiguous 2,100 square feet. Ten individual suites are available within the building, built in 1984 and renovated 10 years ago, situated on a 0.43-acre lot. The building features 9-foot ceilings and ample drive-up parking. Utilities, including water and power, are included in the lease rate. The property is zoned B3 office and is located in the 5 Points Florence SC submarket of Florence County. Ideal for small businesses and individuals seeking convenient and well-maintained office space. The building does not have elevators. This is a multi-tenant property offering a variety of configurations, from single-room offices to larger multi-room suites. Natural light is a key feature, enhancing the modern decor. The property's address is 1807 Cherokee Rd, Florence, SC 29501, with the cross street being Cherokee. The APN is 90026-08-012.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
7,800 SF
Lot
0.38 ac (16,732 SF)
Zoning code
B1
APN
90026-08-012
UPID
US77-1373375
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
Current use
Occupant on record · Public records
-
Blake Law Firm Law Firm
-
Consolidated Medical Staffing Employment Agency
-
Carolina Construction Construction Company General Contractor
-
Snowden Co Insurance Agency
-
Lynx Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$566k
Blend (final)
Blend
$630k
Owner & transaction history
Derrick Land Corporation LLC · 1 yrs held
Derrick Land Corporation LLC
since 2025
Last sale
$685,000
5 recorded transactions
Zoning & alternative use
B1 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+11.7%
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
$585,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$825,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$630k
Range $567k – $693k · ±10% · vs last sale $685k (Jan 15 2025)
Last sale anchor
$685k
Jan 15 2025
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
$81 / 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
$7,475
Tax year 2023
Assessed value
$13,966
Assessed 2023
Previous assessed
$13,965,552
-99.9% YoY
Effective rate
53.52%
On assessed value
Assessed land
$3,328
Assessed improvement
$10,638
Land market value
$83,190
Improvement market value
$265,949
Total market value
$349,139
Applied tax rate
110.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1984
Heating
NONE
Total area
7,800 SF
Lot
0.38 ac (16,732 SF)
Zoning code
B1
APN
90026-08-012
UPID
US77-1373375
Jurisdiction
FLORENCE
Zoning & alternative use
B1 · Florence, SC
Zoning B1 · permitted uses
B1 · Florence, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$920,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Lot
0.38 ac
Current owner
From public records · entity-resolved
Derrick Land Corporation LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 6105, FLORENCE, SC 29502-6105
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$685,000
Derrick Land Corporation LLC
Bgb Investments LLC
Deed
—
Jan 18, 2023
$599,900
Bgb Investments LLC
Cherokee Property Investors
Deed
$590,000 · Carolina Bank & Trust Co
—
—
Cherokee Property Investors
—
Deed Of Trust
related
$50,000 · First Reliance Bank
—
—
Cherokee Property Investors
—
Deed Of Trust
related
$300,000 · First Reliance Bank
—
—
Cherokee Property Investors
—
Deed Of Trust
related
$300,000 · First Reliance 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1807 Cherokee Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
