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    3805 Palmetto St Florence, SC 29501-8039

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    3805 Palmetto St Florence, SC 29501-8039

    View on Map
    • Drive through restaurants
    • 4,792 SF
    • 1.03 lot acres
    Off-Market
    Last Sale Jul 15, 2025
    $1,400,000
    Property ID
    US77-0698042
    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
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering
    • Shell / Grocery & Convenience Store
    • Corner Pantry 153 / Grocery & Convenience Store
    • ATM (Young Brothers Super Stop) / Atm
    • DigitalMint Bitcoin ATM / Atm / Currency Exchange Service

    Property Details for 3805 Palmetto St

    Year built
    1997
    Lot size
    1.03 lot acres
    Property size
    4,792 SF
    Property type
    Drive through restaurants
    APN
    00076-04-010
    APU
    7604010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,257,000
      Market price range: $668k - $2.47M

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.8685
    Latitude
    34.1574
    CBSA code
    22500
    CBSA name
    FLORENCE, SC 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
    $12,869
    $5,400
    $21,093
    $26,493
    -
    $135,000
    $527,324
    $662,324

    Comparable in this City

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      3,222 SF

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      2109 Evans St, Florence, SC 29501-4007
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    • Value Estimation by Request
      1,584 SF

      257 Coit St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,584 SF
      257 Coit St, Florence, SC 29501-2516
      View Details
    • Value Estimation
      $1,520,000
      2,870 SF

      1727 Lucas St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,870 SF
      1727 Lucas St, Florence, SC 29501-1227
      View Details
    • Value Estimation
      $2,355,000
      2,412 SF

      2211 Lucas St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,412 SF
      2211 Lucas St, Florence, SC 29501-1207
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    • Value Estimation by Request
      2,686 SF

      2034 Lucas St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,686 SF
      2034 Lucas St, Florence, SC 29501-1203
      View Details
    • Value Estimation
      $800,000
      2,132 SF

      1812 Palmetto St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,132 SF
      1812 Palmetto St, Florence, SC 29501-4138
      View Details

    Similar Nearby for Sale

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      Wendy’s Restaurant in Florence, SC

      Wendy’s restaurant for sale on high-traffic retail corridor.
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      Wendy's Restaurant For Sale

      Wendy’s in Florence, South Carolina, leased for 20 years.
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      Prime Commercial Land I-95 Exit

      Strategically located commercial land near I-95, Florence, SC.
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      1,200 SF

      Florence Commercial Building on Evans

      Standalone building on Evans Street with redevelopment potential.
      617 W Evans St, Florence, SC 29501
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      Historic Downtown Florence Commercial Building

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    Similar Nearby for Lease

    • $7,680 /Mo
      4,190 SF

      Restaurant Space Near I-95

      Restaurant space for lease with high visibility and traffic.
      3751 W Palmetto St, Florence, SC 29501
      View Details
    • Contact for pricing

      Downtown Florence Mixed-Use Space

      Prime mixed-use space in Downtown Florence Historic District.
      127 W Evans St, Florence, SC 29501
      View Details
    • $7,680 /Mo
      4,190 SF

      Restaurant Space Near I-95

      Restaurant space for lease with high visibility and traffic.
      3751 W Palmetto St, Florence, SC 29501
      View Details
    • $5,000 /Mo
      11,390 SF

      Versatile Commercial Space in Florence

      Commercial property with bay doors, ideal for automotive or warehouse.
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      Florence Warehouse in West End

      Warehouse in Florence's West End District, near major retailers.
      2295 Hoffmeyer Rd, Florence, SC 29501
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      Retail Space in Five Points

      End-cap retail space in a high-traffic area for lease.
      1939 Hoffmeyer Rd, Florence, SC 29501
      View Details

    Property Visit Statistics

    • Visits by month
      15.6k
    • Visitors by month
      14.5k
    • Avg Time on site
      14 min
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    Florence, SC 29501-8039
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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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