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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Refrigerated & Cold Storage
201 Harrell St, Florence, SC 29501-2101
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-2347172
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1988
Total area
20,622 SF
Lot
0.68 ac (29,820 SF)
Zoning code
B6
APN
90061-01-001
UPID
US77-2347172
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
by Request
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$2.02M
Owner & transaction history
Ice Ice Baby Multi LLC · 1 yrs held
Ice Ice Baby Multi LLC
since 2025
Last sale
$2.8M
3 recorded transactions
Zoning & alternative use
B6 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+104.0%
Office building
$2.2M
+82.7%
Retail stores
$1.4M
+16.1%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,185,000
6.5%
$2,015,000
7%
$1,875,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,435,000
Change: +104% · Conversion: Difficult
OFFICE BUILDING
$2,185,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,390,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,275,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±10% · vs last sale $2.77M (Dec 3 2024)
Last sale anchor
$2.77M
Dec 3 2024
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
$98 / 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
$18,415
Tax year 2023
Assessed value
$34,406
Assessed 2023
Previous assessed
$34,405,132
-99.9% YoY
Effective rate
53.52%
On assessed value
Assessed land
$2,386
Assessed improvement
$32,020
Land market value
$59,640
Improvement market value
$800,488
Total market value
$860,128
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Total area
20,622 SF
Lot
0.68 ac (29,820 SF)
Zoning code
B6
APN
90061-01-001
UPID
US77-2347172
Jurisdiction
FLORENCE
Zoning & alternative use
B6 · Florence, SC
Zoning B6 · permitted uses
B6 · 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
COMMERCIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1988
Heating
NONE
Lot
0.68 ac
Current owner
From public records · entity-resolved
Ice Ice Baby Multi LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 311220, NEW BRAUNFELS, TX 78131-1220
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
$2,768,112
Ice Ice Baby Multi LLC
Reddy Ice LLC
Special Warranty Deed
—
Mar 3, 2025
—
Reddy Ice LLC
Ice Ice Baby Multi LLC
Deed
—
Jul 11, 2007
$1,100,000
Reddy Ice Corp
Georgetown Ice Co LLC
Grant Deed
—
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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