Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2300 Prosperity Way Florence, SC 29501-0802
    Back to Search
    Property profile & analytics

    2300 Prosperity Way, Florence, SC 29501-0802

    View on Map
    • Distribution centers
    • 84,261 SF
    • 32.00 lot acres
    Off-Market
    Property ID
    US77-1105689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 2300 Prosperity Way

    Year built
    1987
    Lot size
    32.00 lot acres
    Property type
    Distribution centers
    APN
    00145-01-086
    APU
    14501086

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 29, 2021 — Hudson & Hudson Investments LLC — Deed · related $2.4M · Truist Bank
    Jun 22, 2018 — Hudson & Hudson Invs LLC — Deed · related $4.1M · Branch Bk&tr
    Dec 9, 2013 $625,000 Hudson & Hudson Invs LLC Institution Food House INC Grant Deed —
    Jun 25, 2012 — Institution Food House INC Mdi Management INC Quit Claim Deed · related —
    Jun 25, 2012 $2,234,795 Institution Food House INC Mdi Management INC Grant Deed —
    — — Hudson & Hudson Investments — Deed Of Trust · related $1.2M · Capital Bk
    — — Hudson & Hudson Invs LLC — Deed Of Trust · related $4.1M · Branch Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,258,000
      Market price range: $2.87M - $6.95M
      AI Estimate
      $2,483,000
      Market price range: $1.02M - $4.52M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,880,000
      Current use
      RETAIL STORES
      $5,670,000
      Change: +16% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,210,000
      Change: +7% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7808
    Latitude
    34.2442
    CBSA code
    22500
    CBSA name
    FLORENCE, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,496
    $28,160
    $62,975
    $91,135
    -
    $704,000
    $1,574,372
    $2,278,372

    Comparable in this City

    • Value Estimation by Request
      150,000 SF

      Enterprise Dr

      Distribution properties
      0 Enterprise Dr, Florence, SC 29501
      View Details
    • Value Estimation
      $1,560,000
      20,004 SF

      1440 Schlitz Dr

      DISTRIBUTION WAREHOUSE
      1440 Schlitz Dr, Florence, SC 29501-6800
      View Details
    • Value Estimation by Request
      6,000 SF

      1822 Wall St

      DISTRIBUTION WAREHOUSE
      1822 Wall St, Florence, SC 29501-6902
      View Details
    • Value Estimation
      $875,000
      11,247 SF

      Florence, SC 29501

      DISTRIBUTION WAREHOUSE
      Florence, SC 29501
      View Details
    • Value Estimation
      $650,000
      8,800 SF

      597 Lucas St

      DISTRIBUTION WAREHOUSE
      597 Lucas St, Florence, SC 29501-2817
      View Details
    • Value Estimation by Request
      5,000 SF

      155 Mciver Rd

      DISTRIBUTION WAREHOUSE
      155 Mciver Rd, Florence, SC 29501-1514
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Climate Controlled Warehouse with Expansion

      5000 SF warehouse with expansion potential near I-95.
      180 W Freight Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      3,375 SF

      Florence Warehouse with Loading Dock

      Warehouse with loading dock and high-traffic location near downtown.
      710 Barringer St, Florence, SC 29501
      View Details
    • New
      Contact for pricing
      15,541 SF

      Freestanding Retail Showroom and Warehouse

      Freestanding retail property combines showroom and warehouse space on a hard-corner site with approximately 174 feet of frontage.
      2803 West Palmetto St, Florence, SC 29501
      View Details
    • $4,092,000
      17,174 SF

      Florence, SC Medical Facility

      Corporate-leased medical building, high NOI.
      1933 2Nd Loop Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      6,120 SF

      Showroom and Warehouse on Irby

      Single tenant building with showroom and warehouse on 1.09-acre lot.
      511 Irby St, Florence, SC 29501
      View Details
    • Contact for pricing
      400,000 SF

      Industrial Warehouse in Florence, SC

      400,000 SF industrial warehouse on 31 acres for sale.
      901 N Douglas St, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      150,000 SF

      High Hill Commerce Park: Florence, SC

      New Flex/Warehouse Space Available
      0 Enterprise Dr, Florence, SC 29501
      View Details
    • Contact for pricing

      Florence Warehouse in West End

      Warehouse in Florence's West End District, near major retailers.
      2295 Hoffmeyer Rd, Florence, SC 29501
      View Details
    • Contact for pricing

      New Metal Building Near Highways

      Newly constructed flex/industrial/office space near major highways.
      2315 Prosperity Way, Florence, SC 29501
      View Details
    • $5,000 /Mo
      11,390 SF

      Industrial Flex Building with Bay Doors

      Flexible industrial space with multiple bay doors and front office area for vehicle, equipment, and service operations.
      374 Darlington St, Florence, SC 29501
      View Details
    • Contact for pricing

      New Warehouse Space Available

      New warehouse with flexible space in established industrial park.
      Broughton Blvd, Florence, SC 29501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 Prosperity Way
    Florence, SC 29501-0802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2300 Prosperity Way, Florence, SC, 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!