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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Automotive properties
611 Coit St Florence, SC 29501-2821
Entity Owned
11-yr Hold
Free & Clear
Property ID
US77-2330019
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1985
Total area
13,454 SF
Lot
2.73 ac (118,919 SF)
Zoning code
B3
APN
90072-14-040
UPID
US77-2330019
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
-
Volkswagen of Florence Service Auto Repair Shop
-
Mike Reichenbach Volkswagen Of Florence Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$670k
Owner & transaction history
Mrf Real Estate Holdings LLC · 11 yrs held
Mrf Real Estate Holdings LLC
since 2014
5 recorded transactions
Zoning & alternative use
B3 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+8.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$830,000
Current use
RETAIL STORES
$905,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10%
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
$50 / 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
Tax billed
$20,691
Tax year 2023
Assessed value
$38,661
Assessed 2023
Previous assessed
$38,661,298
-99.9% YoY
Effective rate
53.52%
On assessed value
Assessed land
$6,000
Assessed improvement
$32,661
Land market value
$150,000
Improvement market value
$816,532
Total market value
$966,532
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1985
Heating
NONE
Total area
13,454 SF
Lot
2.73 ac (118,919 SF)
Zoning code
B3
APN
90072-14-040
UPID
US77-2330019
Jurisdiction
FLORENCE
Zoning & alternative use
B3 · Florence, SC
Zoning B3 · permitted uses
B3 · 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
AUTO REPAIR, GARAGE Current
Est. value
$830,000
RETAIL STORES
Est. value
$905,000
WAREHOUSE, STORAGE
Est. value
$780,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1985
Heating
NONE
Lot
2.73 ac
Current owner
From public records · entity-resolved
Mrf Real Estate Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
600 N COIT ST, FLORENCE, SC 29501-2822
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2014
$409,028
Mrf Real Estate Holdings LLC
Paxton Properties LLC
Grant Deed
—
Nov 18, 2014
—
Mrf Real Estate Holdings LLC
E Erwin & Co LP
Quit Claim Deed
related
$5,015,000 · Bank Of America
Nov 18, 2014
$45,814
Mrf Real Estate Holdings LLC
Paxton Ents INC
Trustees Deed
$5,015,000 · Bank Of America
Nov 21, 2012
—
Paxton Properties LLC
Paxton J Erwin
Quit Claim Deed
related
—
Sep 28, 2012
—
Paxton Ents INC
Paxton J Erwin
Quit Claim 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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