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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
3701 Lk Dr Florence, SC 29501-8567
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-1023674
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Total area
7,907 SF
Lot
152.48 ac (6,642,029 SF)
Zoning code
R1
APN
00751-01-049
UPID
US77-1023674
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
-
Native Glass Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$650k
Owner & transaction history
Dowling Investments LLC · 3 yrs held
Dowling Investments LLC
since 2022
Last sale
$1,000
7 recorded transactions
Zoning & alternative use
R1 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+75.6%
Office building
$835,000
+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
$530,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$835,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$490,000
Change: -8% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $1k (Jul 5 2022)
Last sale anchor
$1k
Jul 5 2022
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
$82 / 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
$17,888
Tax year 2023
Assessed value
$35,060
Assessed 2023
Previous assessed
$35,060,040
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$35,060
Land market value
$876,501
Total market value
$876,501
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1966
Heating
NONE
Total area
7,907 SF
Lot
152.48 ac (6,642,029 SF)
Zoning code
R1
APN
00751-01-049
UPID
US77-1023674
Jurisdiction
FLORENCE
Zoning & alternative use
R1 · Florence, SC
Zoning R1 · permitted uses
R1 · Florence, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$935,000
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$490,000
WAREHOUSE, STORAGE
Est. value
$460,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1966
Heating
NONE
Lot
152.48 ac
Current owner
From public records · entity-resolved
Dowling Investments LLC
Entity
Mailing address
4516 JUSTINE RD, FLORENCE, SC 29506-5400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
$385,000
Dowling Investments LLC
Claussen Developers LLC
Warranty Deed
$385,000 · Carolina Bank & Trust Co
Jul 5, 2022
$1,000
Victor D Caulder
Claussen Developers LLC
Warranty Deed
—
Apr 29, 2022
$50,000
Kelvin M Sattele
Claussen Developers LLC
Survivorship Deed
—
Apr 28, 2022
$90,000
Edward Turner Zackery
Claussen Developers LLC
Warranty Deed
$72,000 · Community Bank
Feb 24, 2022
$72,500
Michael C Hinson
Claussen Developers LLC
Deed
—
Dec 28, 2021
$353,800
Markese T Reaves
Doulaveris Builders LLC
Warranty Deed
$347,391 · Finance Of America Mortgage LLC
Apr 15, 2021
$155,000
Michael C Hinson
Claussen Developers LLC
Deed
—
Mar 17, 2021
—
Claussen Developers LLC
Ralph E Bratcher
Warranty Deed
—
Jan 12, 2021
$25,000
Thomas C Moss
Claussen Developers LLC
Grant Deed
—
Sep 28, 2020
$16,000
Steve L Robertson
Claussen Developers LLC
Grant Deed
—
Sep 22, 2020
$16,000
Thomas J Anderson
Claussen Developers LLC
Grant Deed
—
Sep 10, 2020
—
Claussen Developers LLC
Palms Course At Oakdale LLC
Quit Claim Deed
related
—
Sep 10, 2020
$1,440,000
Claussen Developers LLC
Palms Course At Oakdale LLC
Warranty Deed
—
Nov 23, 2016
—
Palms Course At Oakdale LLC
—
Deed
related
$1,150,000 · Carolina Bk
Sep 10, 2013
—
Oakdale Country Club INC
Lunn,joyce H
Quit Claim Deed
related
—
Sep 10, 2013
$554,982
Palms Course At Oakdale LLC
Carolina Bk & Trust
Grant Deed
$900,000 · Carolina Bank & Trust
Sep 10, 2013
$675,000
Carolina Bk & Trust
Oakdale Country Club INC
Deed In Lieu Of Foreclosure
related
—
—
—
Oakdale Country Club INC
—
Deed Of Trust
related
$351,400 · Carolina Bank
—
—
Oakdale Country Club INC
—
Deed Of Trust
related
$500,800 · Carolina Bank & Trust
—
—
Palms Course At Oakdale LLC
—
Loan Modification
related
$1,150,000 · Carolina Bk
—
—
Oakdale Country Club INC
—
Deed Of Trust
related
$450,000 · Carolina Bank & Trust
—
—
Oakdale Country Club INC
—
Deed Of Trust
related
$425,000 · Carolina Bank
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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