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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Grocery and convenience stores
2400 2nd Loop Rd, Florence, SC 29501-6162
Entity Owned
10-yr Hold
Free & Clear
Property ID
US77-0580604
Property summary
AI-generated overview
This single-tenant office building, located at 2400 2nd Loop Rd, Florence, SC 29501, offers 1,829 square feet of space in a prime location. The property sits on a 0.61-acre lot and includes a separate 480 square foot masonry block storage building. Built in 1952, the building features two restrooms, a break room/kitchen, a reception area, four private offices, and a mechanical room. It is ADA compliant and currently 100% occupied by a professional counseling tenant under a lease expiring January 1, 2027. The property boasts ample parking with six designated spaces, a concrete driveway, and a covered carport. The location on the corner of Second Loop Road and South Westminster Road benefits from high traffic volume (30,700 vehicles daily). The property is zoned Florence County B3. This is a fantastic opportunity for investors seeking a well-maintained, income-producing asset in a desirable location. The asking price is $285,000. The property's APN is 90020-04-003.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2015
Total area
41,834 SF
Lot
2.45 ac (106,652 SF)
APN
90020-04-004
UPID
US77-0580604
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
-
CW Counseling and Consulting Crisis Center Medical Clinic
-
Travis L Matthews PA Tax Preparation
-
Travis L Matthews PA: Derikart Pamela CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.95M
Owner & transaction history
Vereit Wm Florence Sc LLC · 10 yrs held
Vereit Wm Florence Sc LLC
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.4M
+57.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,815,000
Current use
OFFICE BUILDING
$4,430,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,585,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,425,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±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
$70 / 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
$99,248
Tax year 2023
Assessed value
$194,526
Assessed 2023
Previous assessed
$194,525,639
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$50,000
Assessed improvement
$144,526
Land market value
$1,250,000
Improvement market value
$3,613,141
Total market value
$4,863,141
Applied tax rate
100.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2015
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
1
Rooms
12
Bathrooms
3
Total area
41,834 SF
Lot
2.45 ac (106,652 SF)
APN
90020-04-004
UPID
US77-0580604
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
RETAIL STORES Current
Est. value
$2.8M
OFFICE BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.4M
RETAIL STORES Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2015
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
1
Rooms
12
Bathrooms
3
Lot
2.45 ac
Current owner
From public records · entity-resolved
Vereit Wm Florence Sc LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2015
—
Vereit Wm Florence Sc LLC
Twister 111 LLC
Grant Deed
—
Jul 18, 2014
$1,250,000
Twister 111 LLC
The Florence Group LLC
Limited Warranty Deed
$8,763,378 · Pnc Bank NA
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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