Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    561 Bultman Dr, Unit 577 Sumter, SC 29150-2507
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    561 Bultman Dr, Unit 577 Sumter, SC 29150-2507

    View on Map
    • Retail space
    • 14,085 SF
    • 1.31 lot acres
    Off-Market
    Property ID
    US77-1470854
    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
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Relation Insurance - Clark Farley Group / Insurance Agency
    • T&J PRO BEAUTY SUPPLY / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • FedEx Drop Box / Postal Service / Courier Service
    • Cuts By Anthony / Barber Shop
    • Hook'em Bait & Tackle / (Bike/Boat/Book/etc) Store

    Property Details for 561 Bultman Dr

    Year built
    1981
    Construction
    CONCRETE BLOCKS
    Lot size
    1.31 lot acres
    Property size
    14,085 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    229-09-04-058
    APU
    2290904058

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $834,000
      Market price range: $359k - $1.08M
      AI Estimate
      $949,000
      Market price range: $436k - $1.18M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $685,000
      Current use
      COMMERCIAL (GENERAL)
      $955,000
      Change: +40% Conversion: Easy
      WAREHOUSE, STORAGE
      $685,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sumter
    County
    Sumter
    State
    South Carolina
    Longitude
    -80.3707
    Latitude
    33.9371
    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
    $13,167
    $17,070
    $14,770
    $31,840
    -
    $284,500
    $246,216
    $530,716

    Comparable in this City

    • Value Estimation by Request
      1,905 SF

      1235 Lafayette Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,905 SF
      1235 Lafayette Dr, Sumter, SC 29150-2915
      View Details
    • Value Estimation by Request
      5,324 SF

      516 Lafayette Dr

      RETAIL STORES (PERSONAL SERVICES) • 5,324 SF
      516 Lafayette Dr, Sumter, SC 29150-6602
      View Details
    • Value Estimation by Request
      4,333 SF

      35 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 4,333 SF
      35 Liberty St, Sumter, SC 29150-5240
      View Details
    • Value Estimation by Request
      1,465 SF

      13 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 1,465 SF
      13 Liberty St, Sumter, SC 29150-5240
      View Details
    • Value Estimation by Request
      3,546 SF

      648 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 3,546 SF
      648 Liberty St, Sumter, SC 29150-4843
      View Details
    • Value Estimation by Request
      1,536 SF

      17 Liberty St

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      17 Liberty St, Sumter, SC 29150-5240
      View Details

    Similar Nearby for Sale

    • $150,000
      4,300 SF

      Retail Building on Broad Street

      Retail building with high visibility and parking in Sumter, SC.
      330 Broad St, Sumter, SC 29150
      View Details
    • $399,000
      Pending

      Prime Commercial Lot on Broad

      Commercial lot with retail building in excellent location.
      844 Broad St, Sumter, SC 29150
      View Details
    • Contact for pricing
      5,477 SF

      Downtown Sumter Commercial Property

      Prime commercial property with operating cleaners business in downtown Sumter.
      330 N Main St, Sumter, SC 29150
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space For Sale

      Retail space available for sale.
      1971 Mccrays Mill Rd, Sumter, SC 29150
      View Details
    • Contact for pricing
      3,600 SF

      Commercial Property Near Tuomey Hospital

      Prime commercial property with high visibility near Tuomey Hospital.
      213 W Hampton Dr, Sumter, SC 29150
      View Details
    • $550,000
      4,186 SF

      Versatile Commercial Building in Sumter

      Adaptable commercial space suitable for office, retail, or salon.
      25 N Guignard Dr, Sumter, SC 29150
      View Details

    Similar Nearby for Lease

    • $900 /Mo
      932 SF

      Retail Space in Sumter, SC

      Open retail space available for rent in a strip mall.
      632 W Liberty St, Sumter, SC 29150
      View Details
    • Contact for pricing
      9,491 SF

      Retail Space in Sumter, SC

      Retail property with 9491 square feet of space.
      1077 Broad St, Sumter, SC 29150
      View Details
    • $3,000 /Mo
      3,000 SF

      Retail Building with Open Layout

      5,300 SF building with open layout and ample parking.
      348 Broad St, Sumter, SC 29150
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space on Bultman Drive

      Retail space with high visibility and easy access.
      699 Bultman Dr, Sumter, SC 29150
      View Details
    • $7,136 /Mo
      5,190 SF

      Retail Space on Corner Lot

      Retail space with high visibility and easy road access.
      170 E Wesmark Blvd, Sumter, SC 29150
      View Details
    • Contact for pricing

      Retail Space in Sumter Corridor

      Centrally located retail space with excellent visibility and access.
      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.
    561 Bultman Dr, Unit 577
    Sumter, SC 29150-2507
    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!