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Property profile & analytics
FOR LEASE
Banks
1831 W Evans St Florence, SC 29501
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0937900
For Lease
1 / 5
$25 SF/Yr
1831 W Evans St, Florence, SC 29501
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Property summary
AI-generated overview
This exceptional four-story office building, boasting a prestigious brick façade, presents a unique opportunity in Florence, South Carolina's thriving commercial sector. Located at 1831 W Evans St, this 48,770 square foot property offers multiple tenancy options, with a minimum divisible space of 1,900 square feet and a maximum contiguous space of 11,800 square feet. The building features 173 parking spaces and sits on a 2.58-acre lot, zoned Commercial General in Florence County. Constructed in 1985, the building enjoys a prime location with easy access to all areas of Florence, and is conveniently situated approximately 2.5 miles from the Federal and County courthouses. Currently, several corporate tenants occupy the building, including a Truist Bank anchor on the first floor, creating a vibrant and established corporate atmosphere. Immediately available suites include Suite 240, offering 2,029 rentable square feet with two private offices, a large open bullpen area, and a storage room
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1990
Total area
48,770 SF
Lot
2.58 ac (112,470 SF)
APN
90024-02-006
UPID
US77-0937900
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
-
Dr. Stephen Hypes Ophthalmologist
-
Lance Green | Homebridge | Mortgage Loan Originator Loan Service Bank
-
Truist Bank Loan Service
-
Palmetto Retina Center Medical Clinic Ophthalmologist
-
Richard Conrad Kellahan - Truist Mortgage Loan Officer Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.02M
Owner & transaction history
The Brothers Of Sc LLC · 4 yrs held
The Brothers Of Sc LLC
since 2022
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+3.3%
Warehouse, storage
$1.7M
+0.8%
Retail stores
$1.6M
+0.5%
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
by Request
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,635,000
Current use
AUTO REPAIR, GARAGE
$1,690,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,650,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$1,645,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
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
$21 / 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
$92,362
Tax year 2023
Assessed value
$172,573
Assessed 2023
Previous assessed
$172,573,030
-99.9% YoY
Effective rate
53.52%
On assessed value
Assessed land
$29,447
Assessed improvement
$143,126
Land market value
$736,164
Improvement market value
$3,578,162
Total market value
$4,314,326
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1990
Heating
NONE
Total area
48,770 SF
Lot
2.58 ac (112,470 SF)
APN
90024-02-006
UPID
US77-0937900
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
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
FINANCIAL BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
1990
Heating
NONE
Lot
2.58 ac
Current owner
From public records · entity-resolved
The Brothers Of Sc LLC
Entity
Mailing address
PO BOX 817, CHARLESTON, SC 29402-0817
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2022
—
The Brothers Of Sc LLC
—
Deed
related
$688,703 · Charlotte Metro FCU
Dec 8, 2020
—
Brothers Of Sc LLC
—
Deed
related
$6,600,000 · Charlotte Metro FCU
Oct 22, 2019
—
Brothers Of Sc LLC
—
Deed
related
$600,000 · Security Fed'l Bk
Apr 5, 2018
—
The Brothers Of Sc LLC
—
Deed
related
$4,700,000 · Security Federal Bank
—
—
Brothers Of Sc LLC
—
Deed Of Trust
related
$600,000 · Security Fed'l Bk
—
—
Brothers Of Sc LLC
—
Deed Of Trust
related
$6,600,000 · Charlotte Metro FCU
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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