Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4140 Wedgefield Rd Sumter, SC 29154-9451
    Back to Search
    Property profile & analytics

    4140 Wedgefield Rd, Sumter, SC 29154-9451

    View on Map
    • Retail space
    • 3,534 SF
    • 1.14 lot acres
    Off-Market
    Last Sale May 24, 2023
    Property ID
    US77-0764350
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spann's / Grocery & Convenience Store
    • Spanns Market / Gas Station
    • Gas Station / Gas Station

    Property Details for 4140 Wedgefield Rd

    Year built
    1996
    Construction
    METAL FRAME
    Lot size
    1.14 lot acres
    Zone code
    NC
    Property type
    Retail space
    APN
    158-14-01-020
    APU
    1581401020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 24, 2023 — Eugene T Spann Prit Meer LLC Deed —
    Nov 2, 2022 $400,000 Prit Meer LLC Eugene T Spann Re-recorded Document · related —
    Oct 20, 2022 $400,000 Prit Meer LLC Eugene T Spann Deed $400k · Eugene Spann
    Sep 23, 2021 — The Bluffs Homeowners Association I Boyles Pond HOA INC Special Warranty Deed —
    Sep 7, 2018 — Boyles Pond HOA INC — Deed · related $686k · Us Small Busn Admn
    May 8, 2018 — Boyles Pond HOA INC — Deed · related $612k · Us Small Busn Admn
    Dec 15, 2017 — Boyles Pond HOA INC Saint Paul Ch Farms Pond Owner Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.4507
    Latitude
    33.9014
    CBSA code
    44940
    CBSA name
    SUMTER, 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
    2022
    $0.00
    $6,500
    $17,330
    $23,830
    -
    $108,300
    $288,902
    $397,202

    Comparable in this City

    • Value Estimation by Request
      1,781 SF

      1509 Cherryvale Dr

      RETAIL STORES (PERSONAL SERVICES)
      1509 Cherryvale Dr, Sumter, SC 29154-1539
      View Details
    • Value Estimation by Request
      1,147 SF

      2000 Peach Orch Rd

      RETAIL STORES (PERSONAL SERVICES)
      2000 Peach Orch Rd, Sumter, SC 29154-1108
      View Details
    • Value Estimation by Request
      2,035 SF

      2477 Peach Orch Rd

      RETAIL STORES (PERSONAL SERVICES)
      2477 Peach Orch Rd, Sumter, SC 29154-1056
      View Details
    • Value Estimation by Request
      2,082 SF

      1768 Pinewood Rd

      RETAIL STORES (PERSONAL SERVICES)
      1768 Pinewood Rd, Sumter, SC 29154-9063
      View Details
    • Value Estimation by Request
      0.99 Acres

      1975 Pinewood Rd

      RETAIL STORES (PERSONAL SERVICES)
      1975 Pinewood Rd, Sumter, SC 29154
      View Details
    • Value Estimation by Request
      0.69 Acres

      Hickory Rd

      RETAIL STORES (PERSONAL SERVICES)
      Hickory Rd, Sumter, SC 29154
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,000 SF

      Retail Property in Sumter, SC

      Retail property available for sale in Sumter, South Carolina.
      3815 Broad St, Sumter, SC 29154
      View Details
    • $750,000
      7.50 Acres

      Sumter Commercial Property with Upside

      Income-producing commercial property with development potential near Shaw Air Force Base.
      2090 Peach Orchard Rd, Sumter, SC 29154
      View Details
    • Contact for pricing

      Income-Producing Car Wash and Land

      Car wash and land for sale, great income potential.
      1694 Peach Orchard Rd, Sumter, SC 29154
      View Details
    • $290,000
      5.30 Acres

      Land Near Shaw AFB

      5+ acres near Shaw AFB with endless possibilities.
      1960 Peach Orchard Rd, Sumter, SC 29154
      View Details
    • $112,000

      Sumter Shopping Center Investment

      Prime Sumter location, $112,000.
      30 Constitution Cir, Sumter, SC 29154
      View Details
    • $38,000
      0.84 Acres

      Land For Sale, Sumter

      Land for sale; mobile home on property not habitable.
      4263 Confederate Rd, Sumter, SC 29154
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Neighborhood Shopping Center For Rent

      Busy shopping center south of Shaw Air Force Base.
      5664 Broad St, Sumter, SC 29154
      View Details
    • $2,500 /Mo
      917 SF

      Commercial Property in Sumter, SC

      Commercial property for rent in a great Sumter location.
      3980 Broad St, Sumter, SC 29154
      View Details
    • Contact for pricing

      41.71 Acres of Raw Land

      41.71 acres of raw land for rent.
      1990 Highway 15 S, Sumter, SC 29154
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4140 Wedgefield Rd
    Sumter, SC 29154-9451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4140 Wedgefield Rd, Sumter, SC, 29154
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!