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    Lake City, SC 29560
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    Property profile & analytics

    Lake City, SC 29560

    View on Map
    • Outlet malls
    • 1,488 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US77-1771101
    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

    • Outlet malls

    Property Details for Lake

    Year built
    1946
    Lot size
    0.14 lot acres
    Property size
    1,488 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    80017-08-008
    APU
    8001708008

    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
    City
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7556
    Latitude
    33.8667
    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
    $880
    $318
    $1,012
    $1,330
    -
    $7,950
    $25,311
    $33,261

    Comparable in this City

    • Value Estimation by Request
      720 SF

      Lake

      WHOLESALE OUTLET, DISCOUNT STORE • 720 SF
      Lake, City, SC 29560
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    • Value Estimation by Request
      527 SF

      400 Moore St

      WHOLESALE OUTLET, DISCOUNT STORE • 527 SF
      400 Moore St, Lake City, SC 29560-3314
      View Details
    • Value Estimation by Request
      570 SF

      1228 Morris St

      WHOLESALE OUTLET, DISCOUNT STORE • 570 SF
      1228 Morris St, Lake City, SC 29560-4710
      View Details
    • Value Estimation by Request
      742 SF

      511 Ron Mcnair Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 742 SF
      511 Ron Mcnair Blvd, Lake City, SC 29560-3821
      View Details
    • Value Estimation by Request
      4,992 SF

      122 Sauls St

      WHOLESALE OUTLET, DISCOUNT STORE • 4,992 SF
      122 Sauls St, Lake City, SC 29560-2631
      View Details
    • Value Estimation by Request
      1,800 SF

      3623 Turbeville Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 1,800 SF
      3623 Turbeville Hwy, Lake City, SC 29560-5504
      View Details

    Similar Nearby for Sale

    • $199,000
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      Downtown Lake City Commercial Building

      2,500 sq ft commercial building in downtown Lake City.
      112 E Main St, Lake City, SC 29560
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    • $160,000
      0.47 Acres

      Commercial Lot in Lake City

      0.47 acre commercial lot with rental income potential.
      0.47 Acres-Tbd Sumter St, Lake City, SC 29560
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    • $599,000

      Prime Commercial Site on Highway

      Development opportunity in high-traffic commercial corridor near industrial area.
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    • $599,000
      2.90 Acres

      Prime Commercial Lot on Highway

      2.9-acre commercial site on S. Ron McNair Boulevard, Lake City.
      791 S Ron Mcnair Blvd, Lake City, SC 29560
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    • $109,000
      5.90 Acres

      Cleared Land in Lake City

      5.9 acres of cleared land suitable for residential development.
      W Main St, Lake City, SC 29560
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    • $49,225
      19.60 Acres

      Versatile Acreage in Lake City, SC

      19.6-acre property ideal for recreation, investment, or building a home.
      Tbd Grn Rd, Lake City, SC 29560
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    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Retail Space in Lake City

      Retail spaces available in a busy Lake City shopping center.
      252 Kelley St, Lake City, SC 29560
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    • Contact for pricing
      11,000 SF

      Lake City Retail/Office Building

      Retail/office building in Lake City available through 1/31/2032.
      231 Kelley St, Lake City, SC 29560
      View Details
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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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