Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Florence, SC 29501
    Property profile & analytics

    , Florence, SC 29501

    View on Map
    • Auto shops
    • 5,625 SF
    • 4.80 lot acres
    Off-Market
    Property ID
    US77-2326603
    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

    • Auto shops

    Property Details

    Year built
    1988
    Lot size
    4.80 lot acres
    Zone code
    PDD
    Property type
    Auto shops
    APN
    90010-01-006
    APU
    9001001006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 27, 2018 $68,500 South Carolina Dept Of Transpo Holcombe Land Dev INC Grant Deed —
    Dec 30, 2011 — Holcombe Land Dev INC — Deed Of Trust · related $4M · Td Bank NA
    Apr 28, 2009 — Holcombe Land Dev INC — Deed Of Trust · related $5M · Carolina First Bank

    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
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.8152
    Latitude
    34.1857
    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
    $37,643
    $28,018
    $42,314
    $70,332
    -
    $700,445
    $1,057,852
    $1,758,297

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      1016 Santiago Dr

      AUTO REPAIR, GARAGE
      1016 Santiago Dr, Florence, SC 29501-6051
      View Details
    • Value Estimation by Request
      1,980 SF

      2602 Black Crk Rd

      AUTO REPAIR, GARAGE
      2602 Black Crk Rd, Florence, SC 29501-0731
      View Details
    • Value Estimation by Request
      720 SF

      1442 Floyd Cir

      AUTO REPAIR, GARAGE
      1442 Floyd Cir, Florence, SC 29501-6219
      View Details
    • Value Estimation
      $600,000
      12,411 SF

      329 Irby St

      AUTO REPAIR, GARAGE
      329 Irby St, Florence, SC 29501-2807
      View Details
    • Value Estimation
      $575,000
      12,100 SF

      3218 Palmetto St

      AUTO REPAIR, GARAGE
      3218 Palmetto St, Florence, SC 29501-5940
      View Details
    • Value Estimation by Request
      6,500 SF

      695 Cashua Dr

      AUTO REPAIR, GARAGE
      695 Cashua Dr, Florence, SC 29501-2005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,350 SF

      Mechanic Shop For Sale

      Mechanic/Auto Body Shop with high traffic location.
      726 Barringer St, Florence, SC 29501
      View Details
    • Contact for pricing
      40,000 SF

      Standalone Industrial Building on Harrell

      Industrial building suitable for fabrication, automotive, contractor, or storage.
      120 N Guerry St, Florence, SC 29501
      View Details
    • Contact for pricing
      1,350 SF

      Mechanic/Auto Body Shop For Sale

      Two metal shops with high traffic location near downtown.
      726 Barringer St, Florence, SC 29501
      View Details
    • $1,500,000
      7.27 Acres

      Buildable Retail Development Land

      Level, buildable two-parcel land package suited for a range of retail and service-oriented development uses.
      3312 Meadors Rd, Florence, SC 29501
      View Details
    • Contact for pricing
      16,304 SF

      Historic Downtown Florence Building For Sale

      16,000 SF historic building in downtown Florence for sale.
      248 W Evans St, Florence, SC 29501
      View Details
    • New
      Contact for pricing
      15,541 SF

      Freestanding Retail Showroom and Warehouse

      Freestanding retail property combines showroom and warehouse space on a hard-corner site with approximately 174 feet of frontage.
      2803 West Palmetto St, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • $5,000 /Mo
      11,390 SF

      Industrial Flex Building with Bay Doors

      Flexible industrial space with multiple bay doors and front office area for vehicle, equipment, and service operations.
      374 Darlington St, Florence, SC 29501
      View Details
    • Contact for pricing
      95,840 SF

      Retail Spaces in CrossRoads Center

      Retail spaces available in high-traffic Florence commercial corridor.
      2522 David H Mcleod Blvd, Florence, SC 29501
      View Details
    • Contact for pricing
      14,800 SF

      Retail Space in Regional Destination

      Retail space available in premier shopping center, built in 2015.
      112-120 Woody Jones Blvd, Florence, SC 29501
      View Details
    • Contact for pricing
      4,475 SF

      Retail Space in Regional Destination

      Retail spaces available in premier shopping destination near major highways.
      110 Woody Jones Blvd, Florence, SC 29501
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Regional Destination

      Retail spaces available in premier shopping destination, built in 2015.
      104 Woody Jones Blvd, Florence, SC 29501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Florence, SC 29501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Florence, SC, 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!