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    615 Walnut St Pamplico, SC 29583
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    Property profile & analytics

    615 Walnut St, Pamplico, SC 29583

    View on Map
    • Retail space
    • 9,270 SF
    • 0.13 lot acres
    Off-Market
    Last Sale Jan 4, 2022
    $160,000
    Property ID
    US77-0309934
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 615 Walnut St

    Year built
    2007
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property type
    Retail space
    APN
    60004-02-003
    APU
    6000402003

    Description

    This expansive 9,270 square foot commercial building presents a remarkable opportunity in the thriving town of Pamplico, South Carolina, situated in Florence County. Previously occupied by a Family Dollar store, this property boasts significant versatility, making it ideal for a wide range of commercial ventures. Imagine establishing your own convenient store, liquor store, office complex, pharmacy, or even a nursing home within this spacious structure. The building features a substantial storage room with its own separate entrance, ensuring efficient operations and ample storage capacity. Accessibility is prioritized with two handicap-accessible restrooms, catering to a diverse clientele. A small office space is also included, providing a dedicated area for administrative tasks. The property's significant advantage lies in its extensive parking area, accommodating 32 vehicles, ensuring ample space for customers and employees. This prime location in Pamplico offers excellent visibility and accessibility, making it an attractive proposition for any business seeking to establish or expand its presence in this dynamic South Carolina community. The building's substantial size and adaptable layout provide a blank canvas for your entrepreneurial vision. Don't miss this chance to secure a valuable commercial asset in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pamplico
    County
    Florence
    State
    South Carolina
    Longitude
    -79.5667
    Latitude
    33.9894
    CBSA code
    22500
    CBSA name
    FLORENCE, 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
    2023
    $4,229
    $720
    $7,015
    $7,735
    -
    $18,000
    $175,386
    $193,386

    Comparable in this City

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      1,960 SF

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    • Value Estimation
      $1,475,000
      3,240 SF

      116 Trade St

      RETAIL STORES (PERSONAL SERVICES)
      116 Trade St, Pamplico, SC 29583
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    • Value Estimation by Request
      2,880 SF

      153 Main St

      RETAIL STORES (PERSONAL SERVICES)
      153 Main St, Pamplico, SC 29583-9715
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    • Value Estimation by Request
      5,215 SF

      183 Main St

      RETAIL STORES (PERSONAL SERVICES)
      183 Main St, Pamplico, SC 29583-9715
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    • Value Estimation by Request
      2,556 SF

      708 Walnut St

      RETAIL STORES (PERSONAL SERVICES)
      708 Walnut St, Pamplico, SC 29583-3706
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    • Value Estimation by Request
      11,076 SF

      314 Walnut St

      RETAIL STORES (PERSONAL SERVICES)
      314 Walnut St, Pamplico, SC 29583-3702
      View Details

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      Pamplico Land with Utilities Ready

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      2.20 Acres

      Land Opportunity in Society Hill

      2.2 acres of land with seller financing available.
      Tbd Wilson St, Society Hill, SC 29583
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    • $230,000
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      Unrestricted Land in Pamplico, SC

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    Pamplico, SC 29583
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    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.

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