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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    720 S Coit St Florence, SC 29501

    • Commercial real estate
    • 3,000 SF
    For Lease
    View listing
    $700 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1039386
    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.

    Current Use by Public Records

    • Coldwell Banker Commercial / Commercial Real Estate Agency
    • Coldwell Banker Commercial Seaboard McMillan / Commercial Real Estate Agency / Industrial Real Estate Agency

    Property Details for 720 S Coit St

    Property size
    3,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,000 square foot single-tenant commercial property located at 720 S Coit Street in Florence, South Carolina presents a unique opportunity for immediate occupancy. Situated conveniently across from Timrod Park, this charming building boasts a sophisticated aesthetic, ideal for a variety of professional uses. The interior features a welcoming reception area, a dedicated conference room perfect for client meetings or internal collaborations, and a fully equipped kitchen for staff convenience. Five spacious offices provide ample room for individual work or team projects. The building also includes a covered porch, offering a pleasant outdoor space for breaks or informal gatherings. The existing phone system and furniture are negotiable, providing flexibility for the new occupant to customize the space to their specific needs. This turnkey solution allows businesses to seamlessly transition into their new location without the delays and expenses associated with extensive renovations or installations. The property's prime location and attractive features make it an exceptional investment opportunity in the heart of Florence. The building is classified as Special Purpose and is offered as a single-tenant space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7692077
    Latitude
    34.1847217

    Comparable in this City

    • $14 SF/Yr
      3,800 SF

      Five Points Office Building, Florence SC

      Prime Florence Office Space: 3,800 sq ft, Multiple Suites
      1803 Cherokee Rd, Florence, SC 29501
      View Details
    • $0.38 SF/Yr
      57,499 SF

      Florence Commercial Land Lease Opportunity

      ±1.32 Acres, High-Traffic Location
      1609 Palmetto St, Florence, SC 29501
      View Details
    • Contact for pricing

      Prime Land for Lease

      Strategically located land parcel with high visibility and access.
      3335 Sneed Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      43,124 SF

      Prime Florence County Commercial Land

      High-traffic .99-acre lot, B3 zoning.
      1815 Palmetto St, Florence, SC 29501
      View Details
    • $216 SF/Yr
      3,000 SF

      620 Evans St

      Office Properties & Spaces
      620 Evans St, Florence, SC 29501
      View Details
    • $22 SF/Yr
      9,775 SF

      Florence Crossing Retail Center

      Prime Retail Space Available in Florence, SC
      100-110 Woody Jones Blvd, Florence, SC 29501
      View Details

    Similar Nearby for Sale

    • $200,000
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      Prime Florence SC Acreage

      12 Acres, Hwy 301 & 76 Frontage
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    • $125,000
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      Florence Commercial Corner Lot

      High-traffic location, prime development.
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    • $262,500
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      Florence Commercial Building

      Versatile Office Building, High Traffic Area
      603 Palmetto St, Florence, SC 29501-4301
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    • $200,000
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      Florence Retail Investment Opportunity

      1,520 SF Commercial Building, $200,000
      702 Barringer St, Florence, SC 29501
      View Details
    • $200,000
      1,350 SF

      Florence Retail Investment Opportunity

      1,350 SF Retail Building, High Traffic Area
      726 Barringer St, Florence, SC 29501
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    • $638,800
      13,801 SF

      Commercial Property on S Cashua Drive

      Three buildings on three lots near Walmart in Florence, SC.
      818 Delmae Dr, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,800 SF

      Five Points Office Building, Florence SC

      Prime Florence Office Space: 3,800 sq ft, Multiple Suites
      1803 Cherokee Rd, Florence, SC 29501
      View Details
    • $0.38 SF/Yr
      57,499 SF

      Florence Commercial Land Lease Opportunity

      ±1.32 Acres, High-Traffic Location
      1609 Palmetto St, Florence, SC 29501
      View Details
    • Contact for pricing

      Prime Land for Lease

      Strategically located land parcel with high visibility and access.
      3335 Sneed Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      43,124 SF

      Prime Florence County Commercial Land

      High-traffic .99-acre lot, B3 zoning.
      1815 Palmetto St, Florence, SC 29501
      View Details
    • $216 SF/Yr
      3,000 SF

      620 Evans St

      Office Properties & Spaces
      620 Evans St, Florence, SC 29501
      View Details
    • $22 SF/Yr
      9,775 SF

      Florence Crossing Retail Center

      Prime Retail Space Available in Florence, SC
      100-110 Woody Jones Blvd, Florence, SC 29501
      View Details
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    720 S Coit St
    Florence, SC 29501
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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.

    More about this property
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