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Property profile & analytics
FOR SALE
Office buildings
603 W Palmetto St Florence, SC 29501
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-1241574
For Sale
1 / 31
$262,500
603 W Palmetto St, Florence, SC 29501
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Property summary
AI-generated overview
This 2,004 square foot commercial building in Florence, South Carolina, is situated on a 0.26-acre lot and is offered at $262,500. Ideal for a variety of professional uses, including medical practices, legal offices, or light retail, this property boasts wood flooring throughout (except vinyl in bathrooms), a spacious reception area, five offices (one with built-in shelving and desk), and three half-baths. A convenient kitchen area is perfect for staff breaks, and a 10x20 wired workshop provides ample storage. The building has been well-maintained, featuring a roof approximately 7 years old and an HVAC system updated roughly 10 years ago. Previously used as a frame shop and attorney's office, this property benefits from its location in a high-traffic area. The property is being sold "as is." The address is 603 W Palmetto Street, Florence, SC 29501-4301.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Total area
2,004 SF
Lot
0.26 ac (11,250 SF)
Zoning code
B1
APN
90062-06-012
UPID
US77-1241574
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
-
Roney's Creative Picture Frame (Bike/Boat/Book/etc) Store Home Decor Store
-
Kolor Quick of Florence (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
United Properties LLC · 1 yrs held
United Properties LLC
since 2025
Last sale
$225,000
1 recorded transaction
Zoning & alternative use
B1 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$2,641
Tax year 2023
Assessed value
$4,930
Assessed 2023
Previous assessed
$4,930,231
-99.9% YoY
Effective rate
53.57%
On assessed value
Assessed land
$1,125
Assessed improvement
$3,805
Land market value
$28,125
Improvement market value
$95,131
Total market value
$123,256
Applied tax rate
110.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1940
Heating
NONE
Total area
2,004 SF
Lot
0.26 ac (11,250 SF)
Zoning code
B1
APN
90062-06-012
UPID
US77-1241574
Jurisdiction
FLORENCE
Zoning & alternative use
B1 · Florence, SC
Zoning B1 · permitted uses
B1 · 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.
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
United Properties LLC
Entity
Mailing address
603 W PALMETTO ST, FLORENCE, SC 29501-4301
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2025
$225,000
United Properties LLC
Frances M Gray
Warranty Deed
$180,000 · Dedicated Community Bank
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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