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Property profile & analytics
OFF-MARKET
Estimated value
$1,045,000
Outlet malls
901 2nd Loop Rd Florence, SC 29505-2829
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-0429398
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1968
Total area
8,378 SF
Lot
0.93 ac (40,400 SF)
Zoning code
B2
APN
90068-03-002
UPID
US77-0429398
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
-
Shanequa Joe Real Estate Real Estate Agency
-
Cedric Wilson, Finance of America Mortgage LLC Loan Service Bank
-
Ryan Hanson, Finance of America Mortgage LLC Loan Service Bank
-
Randall Altman, Finance of America Mortgage LLC Loan Service Bank
-
Forrest Stanley Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$727k
Blend (final)
Blend
$1.05M
Owner & transaction history
Asset Technology Group INC · 2 yrs held
Asset Technology Group INC
since 2024
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
B2 · Florence, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+75.7%
Office building
$945,000
+64.2%
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
$1,045,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,010,000
Change: +76% · Conversion: Easy
OFFICE BUILDING
$945,000
Change: +64% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $941k – $1.15M · ±10% · vs last sale $1.05M (May 31 2024)
Last sale anchor
$1.05M
May 31 2024
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
$125 / 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
$11,550
Tax year 2023
Assessed value
$21,580
Assessed 2023
Previous assessed
$21,580
+0.0% YoY
Effective rate
53.52%
On assessed value
Assessed land
$9,672
Assessed improvement
$11,908
Land market value
$241,800
Improvement market value
$297,689
Total market value
$539,489
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1968
Heating
NONE
Total area
8,378 SF
Lot
0.93 ac (40,400 SF)
Zoning code
B2
APN
90068-03-002
UPID
US77-0429398
Jurisdiction
FLORENCE
Zoning & alternative use
B2 · Florence, SC
Zoning B2 · permitted uses
B2 · 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
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$945,000
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1968
Heating
NONE
Lot
0.93 ac
Current owner
From public records · entity-resolved
Asset Technology Group INC
Entity
Mailing address
901 2ND LOOP RD, FLORENCE, SC 29505-2829
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$1,045,000
Asset Technology Group INC
Hb Real Estate And Financial Servic
Warranty Deed
$992,750 · First Citizens Bank & Trust Co
Oct 15, 2021
—
Hb Real Estate And Financial Svcs L
The Investors Group Of Sc LLC
Correction Deed
related
—
Jan 31, 2019
—
Hb R & E & Finl Svcs LLC
—
Deed
related
$732,800 · Anderson Brothers Bk
Dec 16, 2008
$540,000
Herb Real Estate
Nasue LLC
Grant Deed
$722,500 · Anderson Brothers Bank
Aug 24, 2007
—
Nasue LLC
Nasue Trust
Quit Claim Deed
—
—
—
Hb R & E & Finl Svcs LLC
—
Deed Of Trust
related
$732,800 · Anderson Brothers Bk
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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