Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    55 Wesmark Blvd Sumter, SC 29150-1955

    • Office properties & Spaces
    • 4,800 SF
    • 0.70 lot acres
    OFF-MARKET
    Last Sale
    Mar 26, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1459581
    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

    • Discount Porta Potty Rental Sumter / Building Supply
    • Tommy's CLEANERS / (Bike/Boat/Book/etc) Store
    • Tom & Mary's Put & Take / (Bike/Boat/Book/etc) Store

    Property Details for 55 Wesmark Blvd

    Year built
    1986
    Construction
    METAL FRAME
    Lot size
    0.70 lot acres
    Property size
    4,800 SF
    Zone code
    GC
    Property type
    Office properties & Spaces
    APN
    203-13-01-026
    APU
    2031301026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.3798
    Latitude
    33.9515
    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
    $6,715
    $10,980
    $8,900
    $19,880
    -
    $182,940
    $148,271
    $331,211

    Comparable in this City

    • Value Estimation by Request
      9,694 SF

      19 Caldwell St

      OFFICE (GENERAL) • 9,694 SF
      19 Caldwell St, Sumter, SC 29150
      View Details
    • Value Estimation by Request
      2,339 SF

      5 Law Range

      OFFICE (GENERAL) • 2,339 SF
      5 Law Range, Sumter, SC 29150-4937
      View Details
    • Value Estimation by Request
      2,497 SF

      111 Main St

      OFFICE (GENERAL) • 2,497 SF
      111 Main St, Sumter, SC 29150-4947
      View Details
    • Value Estimation by Request
      1,342 SF

      744 Main St

      OFFICE (GENERAL) • 1,342 SF
      744 Main St, Sumter, SC 29150-3559
      View Details
    • Value Estimation by Request
      1,477 SF

      207 Washington St Sta, Unit A

      OFFICE (GENERAL) • 1,477 SF
      207 Washington St Sta, Sumter, SC 29150-4204
      View Details
    • Value Estimation by Request
      2,543 SF

      255 Broad St

      OFFICE (GENERAL) • 2,543 SF
      255 Broad St, Sumter, SC 29150-4146
      View Details

    Similar Nearby for Sale

    • $1,710,601
      3 SF

      Prime Land in Growing Corridor

      3.57-acre parcel ideal for office development in high-growth area.
      2640 Carter Rd, Oswego, SC 29150
      View Details
    • $679,536
      1 SF

      Prime Land for Office Development

      1.95-acre parcel zoned for professional office use in high-growth area.
      2760 Carter Rd, Oswego, SC 29150
      View Details
    • $877,298
      2 SF

      Prime Land Parcel For Sale

      2.12-acre parcel ideal for office development in high-growth area.
      2690 Carter Rd, Oswego, SC 29150
      View Details
    • $1,550,000
      11,100 SF

      Highway 15 South Office Building

      11,100 SF Office, Vacant, Sumter, SC
      1865 Us-15, Sumter, SC 29150
      View Details
    • $500,000
      6,000 SF

      Versatile Commercial Space in Sumter

      6000 SF commercial space suitable for office, school, daycare.
      921 Carolina Ave, Sumter, SC 29150
      View Details
    • $1,750,000
      5,605 SF

      Sumter Medical Office Building

      Prime Medical Office, 5,605 SF
      14 Miller Rd, Sumter, SC 29150
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      SC, Sumter - West Hampton Avenue

      Workspaces, services and support to help you work better in FL, Winter Haven - 316 Avenue
      208 Hampton Ave, Sumter, SC 29150
      View Details
    • $1,660 /Mo
      1,459 SF

      Office Space in Sumter, SC

      1459 sq ft office space for rent in Sumter.
      501 S Wise Dr, Sumter, SC 29150
      View Details
    • $1,450 /Mo
      1,500 SF

      Office Space in Chestnut Square

      1500 sq ft office space for lease.
      1147 N Guignard Dr, Sumter, SC 29150
      View Details
    • New
      $325 /Mo
      298 SF

      Office Space in Sumter, SC

      Single office unit available for lease in Sumter, SC.
      698 Bultman Dr, Sumter, SC 29150
      View Details
    • New
      $425 /Mo
      465 SF

      Retail Space in Sumter, SC

      465 SF barbershop with half-bath available for rent.
      896-b W Liberty St, Sumter, SC 29150
      View Details
    • Contact for pricing
      8,000 SF

      Wesmark Plaza: Sumter Retail Space

      8,000 SF Restaurant Space Available
      1121 Broad St, Sumter, SC 29150
      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.
    55 Wesmark Blvd
    Sumter, SC 29150-1955
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!