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    Property profile & analytics

    3430 Tv Rd Florence, SC 29501

    • Manufacturing properties
    • 15,000 SF
    • 17.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0559969
    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

    • Media General Operation / Television Station

    Property Details for 3430 Tv Rd

    Year built
    1970
    Lot size
    17.25 lot acres
    Property size
    15,000 SF
    Property type
    Manufacturing properties
    Property subtype
    Flex space

    Description

    This distressed industrial property presents a unique investment opportunity in Florence, South Carolina. Located at 3430 TV Road, this 15,000-square-foot building sits on a generous 17.25-acre lot, offering significant potential for redevelopment or repurposing. Built in 1970, the brick structure is zoned B-5 for Office/Light Industrial use, providing flexibility for a variety of commercial ventures. The property's strategic location offers easy access to I-95, a major East Coast thoroughfare, enhancing its appeal to businesses needing convenient transportation links. While the building requires some renovation, its substantial size and expansive land area offer considerable upside for the right investor. The property includes an 827-foot communication tower currently leased for $1 annually, with the tenant covering 20% of property taxes. Owner financing is available, making this an attractive proposition for those seeking a creative investment with potential for significant returns. The asking price is $495,000, translating to $33 per square foot. All offers are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7261677
    Latitude
    34.2715706

    Comparable in this City

    • $16,000,000
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      Florence Industrial Warehouse For Sale

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    • $50,000
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      Prime Florence Commercial Land

      0.16-acre lot, ideal location.
      703 Church St, Florence, SC 29501
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    • $510,000
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      Mechanicsville Road Industrial Land

      ±56-acre industrial tract, prime location.
      0 Mechanicsville Rd, Florence, SC 29501
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    • $95,000
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      Florence Commercial Land - $95K

      Prime .16-acre lot, high traffic area.
      704 Barringer St, Florence, SC 29501
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    • $600,000
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      Prime Florence, SC Commercial Land

      5.25-acre lot, ideal for various uses
      1617 Lucas St, Florence, SC 29501
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    • Contact for pricing
      1.75 Acres

      Florence County Industrial Land

      ±27 Acres, Subdivisible, Prime Location
      0 Enterprise Dr, Florence, SC 29501
      View Details

    Similar Nearby for Sale

    • $16,000,000
      400,000 SF

      Florence Industrial Warehouse For Sale

      Massive warehouse, 300,000+ rentable SF
      901 Douglas St, Florence, SC 29501
      View Details
    • $600,000
      5.25 Acres

      Prime Florence, SC Commercial Land

      5.25-acre lot, ideal for various uses
      1617 Lucas St, Florence, SC 29501
      View Details
    • $90,000
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      Prime Florence Commercial Land

      0.34-acre lot, high traffic area.
      732 Barringer St, Florence, SC 29501
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    • $1,825,000
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      Florence County Industrial Land

      73 acres, prime location, I-95 proximity.
      0 Otis Way, Florence, SC 29501
      View Details
    • $95,000
      0.16 Acres

      Florence Commercial Land - $95K

      Prime .16-acre lot, high traffic area.
      704 Barringer St, Florence, SC 29501
      View Details
    • $50,000
      0.16 Acres

      Prime Florence Commercial Land

      0.16-acre lot, ideal location.
      703 Church St, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • $90 SF/Yr
      36,360 SF

      West End District Warehouse

      36,360 SF Warehouse, Prime Location
      2295 Hoffmeyer Rd, Florence, SC 29501
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      16,800 SF

      Florence County Executive Office Space

      Modern Flex Space, 10,500 SF Available
      2315 Prosperity Way, Florence, SC 29501
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    • Contact for pricing
      11,250 SF

      Broughton Blvd Warehouse Space

      ±11,250 SF Warehouse, Florence, SC
      0 Broughton Blvd, Florence, SC 29501
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    • 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
    • $4 SF/Yr
      400,000 SF

      Florence Industrial Warehouse - 300,000 SF Available

      Large Industrial Space, Florence, SC
      901 Douglas St, Florence, SC 29501
      View Details
    • Contact for pricing
      30,000 SF

      Industrial Building Near I-95

      30,000 SF industrial space for lease near I-95.
      Enterprise Dr, Florence, SC 29501
      View Details
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    3430 Tv Rd
    Florence, SC 29501
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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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