Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2535 Red Blf Rd Loris, SC 29569-6048
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2535 Red Blf Rd Loris, SC 29569-6048

    View on Map
    • Industrial properties
    • 4,500 SF
    • 6.61 lot acres
    Off-Market
    Property ID
    US77-1911978
    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
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cox Equipment Repair / Auto Repair Shop

    Property Details for 2535 Red Blf Rd

    Year built
    1988
    Construction
    CONCRETE
    Lot size
    6.61 lot acres
    Property size
    4,500 SF
    Zone code
    RZ
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    213-15-04-0001
    APU
    21315040001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $950,000
      6.5%
      $880,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,189,000
      Market price range: $688k - $3.57M
      AI Estimate
      $885,000
      Market price range: $663k - $2.04M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Loris
    County
    Horry
    State
    South Carolina
    Longitude
    -78.8661
    Latitude
    33.999
    CBSA code
    34820
    CBSA name
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 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
    $2,628
    $4,526
    $8,235
    $12,761
    -
    $88,880
    $255,400
    $344,280

    Comparable in this City

    • Value Estimation by Request
      49.20 Acres

      Loris, SC 29569

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 49.20 Acres
      Loris, SC 29569
      View Details
    • Value Estimation by Request
      34.16 Acres

      Hwy 701

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 34.16 Acres
      Hwy 701, Loris, SC 29569
      View Details
    • Value Estimation by Request
      979 SF

      4397 Hwy 9th Ebus

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 979 SF
      4397 Hwy 9th Ebus, Loris, SC 29569
      View Details
    • Value Estimation by Request
      928 SF

      Hwy 9th Bus

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 928 SF
      Hwy 9th Bus, Loris, SC 29569
      View Details
    • Value Estimation by Request
      21.14 Acres

      2648 Bordertowne Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 21.14 Acres
      2648 Bordertowne Dr, Loris, SC 29569-5566
      View Details
    • Value Estimation
      $745,000
      3,218 SF

      4510 Hwy 66

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,218 SF
      4510 Hwy 66, Loris, SC 29569
      View Details

    Similar Nearby for Sale

    • $389,900
      2,400 SF

      Renovated Live-Work Space on Acreage

      Remodeled live-work space on 1.5 acres, suitable for various uses.
      1715 Cane Branch Rd, Loris, SC 29569
      View Details
    • $399,000

      Cleared Lot Near Highway 9

      Large cleared lot suitable for various commercial purposes.
      1244 Highway 9 Byp E, Loris, SC 29569
      View Details
    • $330,000
      15.22 Acres

      Loris Acreage on Heritage Road

      Two lots totaling 15.22 acres in Loris, South Carolina.
      3 Red Bluff Rd, Loris, SC 29569
      View Details
    • $65,000
      Pending

      Cleared Residential Lot For Sale

      Cleared residential lot, public water, septic permit approved, no HOA.
      5 Tansy Rd, Loris, SC 29569
      View Details
    • $1,099,000
      25.39 Acres

      Highway 22 Development Opportunity

      25-acre parcel near Highway 22, ideal for development projects.
      Tbd Hwy 777, Loris, SC 29569
      View Details
    • $60,000
      0.50 Acres

      Residential Lots Ready to Build

      Land with approved septic tanks, ready for construction.
      Tbd Tansy Rd, Loris, SC 29569
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      32,500 SF

      Loris Warehouse Space Available

      32,500 SF warehouse space for lease in Loris, SC.
      4615 Broad St, Loris, SC 29569
      View Details
    • Contact for pricing
      30,000 SF

      Climate-Controlled Warehouse Space Available

      Industrial building with climate-controlled warehouse and office space for lease.
      4232 Meadow St, Loris, SC 29569
      View Details
    • $2,200 /Mo
      2,197 SF

      Loris Office Space For Lease

      2,197 SF office space across from McLeod Loris Hospital.
      3327 Casey St, Loris, SC 29569
      View Details
    • $29,600

      Main Street Commercial Unit Available

      Commercial unit for lease on Main Street in Loris, SC.
      4159 Main St, Loris, SC 29569
      View Details
    • $0.83 SF/Yr

      Land For Rent Loris

      Land available for rent in Loris, South Carolina.
      4613 Broad St, Loris, SC 29569
      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.
    2535 Red Blf Rd
    Loris, SC 29569-6048
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!