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    Property profile & analytics

    516 Palmetto St Florence, SC 29506-2849

    • Turn key restaurants
    • 3,551 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Apr 02, 2024
    $298,687
    Location Intelligence
    Property ID
    US77-1022991
    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

    • KFC / Chicken Restaurant / Fast Food Restaurant

    Property Details for 516 Palmetto St

    Year built
    1985
    Lot size
    0.92 lot acres
    Property size
    3,551 SF
    Zone code
    B3
    Property type
    Turn key restaurants
    APN
    90103-04-003
    APU
    9010304003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $350,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $410,000
      Mixed-Use
      $355,000
      Hospitality
      $405,000
      Educational
      $420,000
      Residential Income
      $350,000
      Energy
      $370,000
      Income-Based Land
      $325,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7596
    Latitude
    34.1938
    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
    $6,109
    $2,224
    $9,187
    $11,411
    -
    $55,600
    $229,683
    $285,283

    Comparable in this City

    • Value Estimation
      $205,000
      1,288 SF

      168 Dargan St

      RESTAURANT • 1,288 SF
      168 Dargan St, Florence, SC 29506-2532
      View Details
    • Value Estimation by Request
      2,200 SF

      166 Dargan St

      RESTAURANT • 2,200 SF
      166 Dargan St, Florence, SC 29506-2532
      View Details
    • Value Estimation by Request
      2,052 SF

      3624 Palmetto St

      RESTAURANT • 2,052 SF
      3624 Palmetto St, Florence, SC 29506-4017
      View Details
    • Value Estimation
      $525,000
      1,530 SF

      137 Dargan St

      RESTAURANT • 1,530 SF
      137 Dargan St, Florence, SC 29506-2501
      View Details
    • Value Estimation by Request
      1,521 SF

      Williston Rd

      RESTAURANT • 1,521 SF
      Williston Rd, Florence, SC 29506
      View Details
    • Value Estimation by Request
      2,000 SF

      Florence, SC 29506

      RESTAURANT • 2,000 SF
      Florence, SC 29506
      View Details

    Similar Nearby for Sale

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      Downtown Florence Restaurant - Prime Location

      Thriving Restaurant & Income Property
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      Florence Mixed-Use Investment Opportunity

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      10.55 Acres, Mixed-Use Development Potential
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      Established Auto Body Business For Sale

      Turn-key auto body business with real estate in Florence, SC.
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      Prime Florence Commercial Land

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    Similar Nearby for Lease

    • $22 SF/Yr
      74,186 SF

      Florence Office Space: 7,145 SF

      Prime Florence Office: Modern, Customizable Space
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    • $10 SF/Yr
      2,300 SF

      Florence Office Space For Lease

      2300 sq ft Flex Space, I-95 Access
      1092 Church St, Florence, SC 29506
      View Details
    • $4 SF/Yr
      200,000 SF

      Industrial Space in Florence, SC

      100,000 SF Class B industrial space available for lease.
      4501 E Palmetto St, Florence, SC 29506
      View Details
    • $0.39 SF/Yr
      37,026 SF

      Florence Laydown Yard - Build to Suit

      0.85-acre fenced laydown yard, build-to-suit option.
      1927 Palmetto St, Florence, SC 29506
      View Details
    • $7 SF/Yr
      9,880 SF

      Downtown Florence Flex Space

      9,880 SF Flex Warehouse For Lease
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      View Details

    Property Visit Statistics

    • Visits by month
      8.6k
    • Visitors by month
      7.1k
    • Avg Time on site
      10 min
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    516 Palmetto St
    Florence, SC 29506-2849
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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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