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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
3216 Palmetto St Florence, SC 29506-3832
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US77-2233683
Property summary
AI-generated overview
This exceptional investment opportunity presents a strong-performing Family Dollar convenience store located at 3216 E Palmetto St, Florence, SC 29506. Built in 2012, the property boasts a 7.10% cap rate and a substantial net operating income (NOI) of $106,500. The current lease, initiated on September 30, 2012, has three years remaining, followed by four five-year options, each with a 10% rent increase. The property features ample parking with 20 spaces. The tenant is responsible for all operating expenses except roof and structural maintenance. This single-tenant retail building offers a secure and profitable investment with a long-term lease and built-in rent growth. The asking price is $1,500,000. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location within Florence County, South Carolina. The property's strong tenant history and favorable lease terms make it an attractive addition to any investment portfolio. Don't miss this chance to secure a stable and appreciating asset in a growing market.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Total area
8,000 SF
Lot
1.4 ac (60,984 SF)
APN
90160-01-034
UPID
US77-2233683
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$884k
Blend (final)
Blend
$700k
Owner & transaction history
Kedar LLC · 12 yrs held
Kedar LLC
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+75.7%
Office building
$905,000
+64.2%
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
$550,000
Current use
COMMERCIAL (GENERAL)
$965,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$905,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$88 / 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
$22,388
Tax year 2023
Assessed value
$43,880
Assessed 2023
Previous assessed
$43,879,963
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$7,400
Assessed improvement
$36,480
Land market value
$185,000
Improvement market value
$911,999
Total market value
$1,096,999
Applied tax rate
140.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Heating
NONE
Units
1
Total area
8,000 SF
Lot
1.4 ac (60,984 SF)
APN
90160-01-034
UPID
US77-2233683
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
$550,000
COMMERCIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING
Est. value
$905,000
AUTO REPAIR, GARAGE
Est. value
$495,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2012
Heating
NONE
Units
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Kedar LLC
Entity
Mailing address
9725 SOUTHMILL DR, GLEN ALLEN, VA 23060-9221
Ownership since
2014
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
Feb 4, 2014
$1,225,000
Kedar LLC
Florence-palmetto Dev Ptrs LLC
Grant Deed
$980,000 · Branch Bk&tr
Apr 20, 2012
—
Florence-palmetto Dev Ptrs LLC
Roberts,jane G
Warranty 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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