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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2709 Cleveland St Elloree, SC 29047-9539

    • Retail space
    • 5,160 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Sep 14, 2022
    $100,000
    Value Estimations
    $65,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1206457
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 2709 Cleveland St

    Year built
    1920
    Lot size
    0.11 lot acres
    Property size
    5,160 SF
    Property type
    Retail space
    APN
    0286-05-19-010
    APU
    2860519010

    Description

    This exceptional commercial property, located at 2709 CLEVELAND ST in the heart of historic downtown Elloree, South Carolina, presents a rare investment opportunity. The building boasts two distinct retail or commercial spaces, perfectly suited for a variety of uses. Its charming character and rich history make it an ideal location for businesses seeking a unique and memorable storefront. Previous occupants have included a florist and a yoga studio, demonstrating the versatility of the space. The ground floor offers established commercial space ready for immediate occupancy. Adding significant potential, approximately 5,000 square feet of unfinished space is available on the second floor, presenting a blank canvas for creative redevelopment and expansion. This substantial area awaits a visionary entrepreneur to transform it into additional retail space, office suites, or residential lofts, significantly increasing the property's value and income potential. The 0.11-acre lot provides ample space for outdoor seating or additional development. This property offers a chance to become part of a vibrant and historic community, capitalizing on the charm and potential of downtown Elloree. The asking price is $177,500. This is a remarkable opportunity for investors and entrepreneurs alike to acquire a piece of Elloree's rich heritage and build a thriving business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $65,000
      ML approach
      $125,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Elloree
    County
    Orangeburg
    State
    South Carolina
    Longitude
    -80.5724
    Latitude
    33.5304
    CBSA code
    36700
    CBSA name
    ORANGEBURG, SC MICROPOLITAN 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
    0
    $0.00
    $576
    $3,828
    $4,404
    -
    $9,600
    $63,800
    $73,400

    Comparable in this City

    • Value Estimation by Request
      525 SF

      Lafayette Aly

      RETAIL STORES (PERSONAL SERVICES) • 525 SF
      Lafayette Aly, Elloree, SC 29047
      View Details
    • Value Estimation
      $270,000
      5,920 SF

      2701 Cleveland St

      RETAIL STORES (PERSONAL SERVICES) • 5,920 SF
      2701 Cleveland St, Elloree, SC 29047
      View Details
    • Value Estimation
      $245,000
      9,040 SF

      2730 Cleveland St

      RETAIL STORES (PERSONAL SERVICES) • 9,040 SF
      2730 Cleveland St, Elloree, SC 29047
      View Details
    • Value Estimation
      $305,000
      7,000 SF

      2903 Cleveland St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      2903 Cleveland St, Elloree, SC 29047
      View Details
    • Value Estimation
      $210,000
      3,080 SF

      2714 Cleveland St

      RETAIL STORES (PERSONAL SERVICES) • 3,080 SF
      2714 Cleveland St, Elloree, SC 29047
      View Details
    • Value Estimation
      $210,000
      5,928 SF

      Cleveland St At Lafayette Aly

      RETAIL STORES (PERSONAL SERVICES) • 5,928 SF
      Cleveland St At Lafayette Aly, Elloree, SC 29047
      View Details

    Similar Nearby for Sale

    • $625,000
      Pending

      Income-Generating Mixed-Use Property

      Nine income streams in revitalizing Elloree, South Carolina.
      2737 Cleveland St, Elloree, SC 29047
      View Details
    • $175,000
      1,600 SF

      Restaurant Space in Elloree, SC

      Restaurant space with kitchen, dining area, and ample parking.
      2727 Cleveland St, Elloree, SC 29047
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    • $175,000
      1,600 SF

      Historic Elloree Event Venue

      Income-producing event venue in historic Elloree, South Carolina.
      2725 Cleveland St, Elloree, SC 29047
      View Details
    • $275,000
      0.11 Acres

      Commercial Investment Opportunity in Elloree

      Investment property in historic Elloree, SC, with immediate and future income.
      2720 Cleveland St, Elloree, SC 29047
      View Details
    • Contact for pricing
      Pending

      Land For Sale, Elloree, SC

      Two parcels of land totaling 2.24 acres in Elloree.
      S-38-121 Hampton St, Elloree, SC 29047
      View Details
    • $39,900
      0.68 Acres

      Waterfront Lot in Elloree, SC

      Pond front lot with community dock and private launch ramp.
      Poplar Crk Dr Lot #30, Elloree, SC 29047
      View Details
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    Elloree, SC 29047-9539
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    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
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