Palmetto Commercial Real Estate

What Palmetto Commercial Real Estate does

Palmetto Commercial Real Estate is a privately held, full-service commercial real estate brokerage firm founded in 2001 and headquartered in Florence, South Carolina. The firm represents buyers, sellers, landlords, and tenants across retail, office, land, industrial, and income property asset classes throughout North and South Carolina. Its service portfolio spans six integrated offerings: Commercial Brokerage, Leasing, Tenant Representation, Landlord Representation, Land/Recreational Properties, and Property Management, with property management providing recurring managed-services revenue alongside commission-based brokerage transactions.

The firm operates on a relationship-driven, sales-led go-to-market model, leveraging the CREXi marketplace platform to distribute property listings and augment digital reach beyond its regional footprint. Internal capability is concentrated in six named professionals led by founder Drew Chaplin (formerly a CBRE senior associate ranked among the top five industrial brokers in the Southeast), with David Tedder serving as Managing Partner/Broker In Charge, Kent Caudle as Partner/SVP, Andrew Chaplin as Partner/VP (elevated in 2024), Sandra G. Moses as Office Manager, and Alex Matthews as Director of Marketing (joined September 2024). The team markets "100+ years of combined brokerage experience" as a core competency.

Revenue is generated through two streams: (1) transactional brokerage commissions on sale and lease deals (example listing data shows properties priced $1.25M–$1.26M for sale and $22.50/SF/YR for full-service office space), and (2) recurring property management fees covering accounting/financial reporting, commercial lease administration, and quality control. The firm has no disclosed external funding, no parent company, and operates as an independent, founder-controlled partnership. Technology dependencies are limited to the CREXi platform for listing distribution; no proprietary software, mobile applications, or API infrastructure is disclosed. Named enterprise clients across past transactions include QVC, Bojangles, Jersey Mike's, Dunkin Donuts, Harbor Freight, South State Bank, King Ranch, Mas Tec, Otis Elevator, and Salvation Army.

Name

Palmetto Commercial Real Estate

Legal name

Palmetto Commercial Real Estate

Website

https://palmettocommercial.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1–10 employees

Short description

Palmetto Commercial Real Estate is a privately held, full-service commercial real estate brokerage founded in 2001 in Florence, South Carolina, serving buyers, sellers, landlords, and tenants of retail, office, land, industrial, and income properties throughout the Carolinas via brokerage, leasing, tenant/landlord representation, and property management.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (53121), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

akta.pro secondary industries

Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate brokerage
• Tenant representation services
• Landlord representation services
• Commercial property management
• Commercial leasing services

Headquarters

HQ city

Florence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Brokerage Commissions: Commission-based revenue from commercial real estate sale and lease transactions. The company represents buyers, sellers, landlords, and tenants in retail, office, land, industrial, and income property transactions.
2. Property Management Services: Ongoing property management services including accounting/financial reporting, commercial lease administration, and quality control.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Palmetto Commercial Real Estate is a full-service commercial real estate brokerage founded in 2001 that represents buyers, sellers, landlords, and tenants in retail, office, land, industrial, and income property transactions throughout the Carolinas. The firm delivers brokerage, leasing, tenant and landlord representation, land/recreational acquisition and disposition, and commercial property management services, with listings distributed via the CREXi platform.

Product overview

Palmetto Commercial Real Estate is a full-service commercial real estate brokerage firm offering a unified suite of six integrated services: Commercial Brokerage Services, Leasing Services, Tenant Representation, Landlord Representation, Land/Recreational Properties, and Property Management. The company, founded in 2001, specializes in serving buyers, sellers, landlords, and tenants of retail, office, land, industrial, and income properties throughout the Carolinas. The six service offerings work together as a cohesive commercial real estate solution, from property transactions to ongoing management.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Brokerage Services Full-service commercial real estate brokerage representation for buyers, sellers, landlords, and tenants across retail, office, land, industrial, and income properties in the Carolinas, delivered through a Team Concept approach combining research and analysis.
• Leasing Services Commercial property leasing services combining in-depth market research, competitive pricing recommendations, and tailored marketing plans to help property owners secure ideal tenants.
• Tenant Representation End-to-end tenant representation through lease signing, property preparation, and move-in, with expertise in negotiation, financial analysis, and transaction oversight for commercial tenants.
• Landlord Representation Comprehensive advisory services for commercial property owners, including financial analysis (debt structure, property tax), market analysis, and targeted marketing plans to identify qualified tenants.
• Land/Recreational Properties Acquisition and disposition services for land and recreational commercial properties, including detailed market analysis, environmental regulation and comparable pricing research, and guided sales execution.
• Property Management Ongoing commercial property management designed to increase property value by minimizing operating costs and maximizing efficiency, including accounting and financial reporting, commercial lease administration, and quality control.

Named customers10 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CREXicoreTechnology or IntegrationCREXi is the property listing platform powering Palmetto Commercial Real Estate's for-sale and for-lease listings. The integration provides enhanced property visibility, broader market reach, and streamlined transaction capabilities for the company's commercial listings.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Emerging players

• SVN International: Principal-owned commercial real estate franchise with multiple Carolinas offices providing brokerage and advisory services — comparable boutique/principal-owned model targeting similar mid-market CRE assignments.

Broad incumbents

• CBRE – Carolinas: World's largest commercial real estate services firm, operating major offices in Charlotte and across the Carolinas; the firm where founder Drew Chaplin was a senior associate before launching Palmetto, and a natural competitor for the same industrial and office assignments.
• Newmark Group: Global commercial real estate services firm offering investment sales, leasing, and mortgage brokerage with Carolinas presence — competes for the same investment sales and debt advisory mandates that complement Palmetto's brokerage offering.
• Cushman & Wakefield – Carolinas: Global commercial real estate services firm with Carolinas brokerage operations spanning office, industrial, retail, and capital markets — overlapping service lines and competing on the same enterprise tenants and investors.
• Avison Young – Carolinas: Privately held global CRE services firm with established Carolinas offices providing brokerage, capital markets, and tenant representation — comparable service model to Palmetto but with significantly broader geographic reach.
• JLL – Charlotte: Global CRE services firm with a flagship Carolinas office in Charlotte providing investment sales, leasing, and tenant representation — competes for the same regional enterprise mandates Palmetto serves.
• Colliers International – South Carolina: Global commercial real estate services firm with a significant Carolinas presence offering brokerage, project management, and capital markets — competes for the same enterprise and mid-market CRE mandates as Palmetto with far greater resources.

Regional players

• NAI Earle Furman: South Carolina-based NAI affiliate providing full-service commercial brokerage, property management, and tenant/landlord representation across the Upstate and broader Carolinas — directly comparable geographic and service overlap with Palmetto.
• Lee & Associates – Carolinas: Principal-owned commercial brokerage with Carolinas offices providing office, industrial, and retail services — comparable ownership culture and service orientation to Palmetto's boutique model.

Direct peers

• Trinity Partners: South Carolina-headquartered full-service commercial real estate firm providing brokerage, property management, tenant representation, and development advisory across the Carolinas — most directly comparable mid-sized regional peer in service mix and geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key highlights7 records

Customer concentration

• Xx.com/palcomflosc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Palmetto Commercial Real Estate