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    Property profile & analytics

    507 Palmetto St Florence, SC 29501-4427

    • Office buildings
    • 3,500 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $635,000
    Last Sale
    Dec 01, 2022
    $570,000
    Location Intelligence
    Property ID
    US77-0276472
    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

    • Mc Kay Steven DC / Chiropractor
    • Lotus Aesthetics and The Urgent Care / Medical Office
    • Advantage Health and Wellness Center / Chiropractor / Sports Medicine Physician
    • Strickland Jonathan C DC / Chiropractor
    • David Miles, DC / Chiropractor

    Property Details for 507 Palmetto St

    Year built
    1967
    Lot size
    0.23 lot acres
    Property size
    3,500 SF
    Zone code
    B3
    Property type
    Office buildings
    APN
    90074-08-031
    APU
    9007408031

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $660,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $665,000
      Geo Method
      $670,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $595,000
      Retail
      $660,000
      Mixed-Use
      $720,000
      Hospitality
      $570,000
      Educational
      $605,000
      Residential Income
      $700,000
      Energy
      $590,000
      Income-Based Land
      $600,000
      Food Service
      $565,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7753
    Latitude
    34.1937
    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
    $12,167
    $5,018
    $17,714
    $22,732
    -
    $125,452
    $442,857
    $568,309

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      2148 Palmetto St

      OFFICE BUILDING • 5,000 SF
      2148 Palmetto St, Florence, SC 29501-3900
      View Details
    • Value Estimation by Request
      3,474 SF

      2234 Palmetto St

      OFFICE BUILDING • 3,474 SF
      2234 Palmetto St, Florence, SC 29501-4047
      View Details
    • Value Estimation by Request
      3,125 SF

      2350 Regional Rd

      OFFICE BUILDING • 3,125 SF
      2350 Regional Rd, Florence, SC 29501-7028
      View Details
    • Value Estimation by Request
      4,641 SF

      509 Coit St

      OFFICE BUILDING • 4,641 SF
      509 Coit St, Florence, SC 29501-5220
      View Details
    • Value Estimation by Request
      1,896 SF

      810 Evans St

      OFFICE BUILDING • 1,896 SF
      810 Evans St, Florence, SC 29501-3440
      View Details
    • Value Estimation by Request
      7,325 SF

      1416 Evans St

      OFFICE BUILDING • 7,325 SF
      1416 Evans St, Florence, SC 29501-3326
      View Details

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      Florence Commercial Site For Sale

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    Similar Nearby for Lease

    • $216 SF/Yr
      3,000 SF

      620 Evans St

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    • $700 /Mo
      150 SF

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      Flexible office spaces in historic building near Timrod Park.
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    • $14 SF/Yr
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      Prime Florence Office Space: 3,800 sq ft, Multiple Suites
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    • Contact for pricing
      329,345 SF

      Florence Mall Retail Space

      Prime Florence, SC retail center
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      View Details
    • $25 SF/Yr
      7,748 SF

      Downtown Florence Mixed-Use Gem

      Historic District, prime location, flexible space.
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    • Contact for pricing
      2,450 SF

      Habersham Square Flex Space Available

      Modern Flex Space, Prime Location, 2450 sqft
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      View Details
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    Florence, SC 29501-4427
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    Realmo Value Estimation

    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.

    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.

    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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