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Property profile & analytics
OFF-MARKET
Estimated value
$5,455,000
Apartment buildings
550 Darlington St Florence, SC 29501-2473
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0763925
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2003
Total area
47,600 SF
Lot
4.57 ac (199,122 SF)
Zoning code
R4
APN
90073-07-001
UPID
US77-0763925
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Cambridge Court Apartments Real Estate Agency
-
Subra Multimedia Group Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.71M
CAP Approach
CAP
$3.79M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.46M
Owner & transaction history
Cambridge Court Essential Housing L · 3 yrs held
Cambridge Court Essential Housing L
since 2023
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
R4 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+210.7%
Office building
$3.6M
+153.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,050,000
ML approach
$5,710,000
CAP Approach
CAP Return
Estimation
6%
$4,105,000
6.5%
$3,790,000
7%
$3,515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,405,000
Change: +211% · Conversion: Moderate
OFFICE BUILDING
$3,600,000
Change: +154% · Conversion: Moderate
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±10% · vs last sale $5.53M (Apr 2 2024)
Last sale anchor
$5.53M
Apr 2 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$115 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$142,013
Assessed 2023
Previous assessed
$142,013,338
-99.9% YoY
Assessed land
$9,711
Assessed improvement
$132,302
Land market value
$242,785
Improvement market value
$3,307,548
Total market value
$3,550,333
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2003
Heating
YES
Units
48
Total area
47,600 SF
Lot
4.57 ac (199,122 SF)
Zoning code
R4
APN
90073-07-001
UPID
US77-0763925
Jurisdiction
FLORENCE
Zoning & alternative use
R4 · Florence, SC
Zoning R4 · permitted uses
R4 · Florence, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
YES
Units
48
Lot
4.57 ac
Current owner
From public records · entity-resolved
Cambridge Court Essential Housing L
Individual
Mailing address
8383 CRAIG ST STE #240, INDIANAPOLIS, IN 46250-3596
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2023
$5,531,992
Cambridge Court Essential Housing L
Cambridge Court Harmony Housing LLC
Limited Warranty Deed
related
$478,660 · Federal National Mortgage Associati
Mar 1, 2021
—
Cambridge Court Harmony Housing LLC
—
Deed
related
—
Dec 16, 2020
—
Cambridge Court Harmony Hsng L
Cambridge Cour Apartments LP
Quit Claim Deed
related
—
Dec 16, 2020
$3,600,000
Cambridge Court Harmony Hsng L
Court Apartments LP Cambridge
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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