Property profile

1937 Palmetto St Florence, SC 29506

OFF-MARKET
Office buildings
Property ID
US77-2334444
2,907 SF 0.72 ac lot Built 1968
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,000 square foot office building, located at 1937 E Palmetto St, Florence, SC 29506, presents a unique investment opportunity. The single-story, Class C building sits on a 0.72-acre lot and boasts a desirable location near downtown Florence, offering easy access to I-95 (9 miles) and the Florence County Industrial Park East (6.5 miles). Originally constructed in 1968 and renovated in the 2000s, this well-maintained property features updated interior finishes. Currently operating at 100% occupancy as a single-tenant building, it offers a strong return on investment. The property is zoned for general commercial use and includes ample surface parking both in front and behind the building. The asking price is $375,000, translating to $125 per square foot. County zoning permits a variety of uses, including executive, medical, and traditional office spaces. The property's former use as a bank facility speaks to its structural integrity and suitability for various professional settings. This is a turnkey opportunity for an investor seeking a profitable, established commercial property in a thriving South Carolina location. The APN is 90137-01-008. Three-phase power is available. Note that an adjacent 10.85-acre parcel is also available for purchase separately.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Total area 2,907 SF
Lot 0.72 ac (31,329 SF)
APN 90137-01-008
UPID US77-2334444

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electronics & Wireless Store
  • Courier Service Postal Service
  • Landscaping General Contractor
  • Commercial Cleaning Service
  • Tech Support Center (Bike/Boat/Book/etc) Store

Location

1937 Palmetto St Florence, SC 29506-3606
Florence metro Census 502 FLORENCE, SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2025
Last sale
$325,000
4 recorded transactions
2025
$325,000
2022
$450,000
2022
$450,000
2005
$220,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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