All-Brick Medical Office
For Sale
Contact for pricing
108 W Rutherford St, Landrum, SC 29356
All-brick medical office building with exam rooms, multiple lobbies and reception areas, and private parking.
Property Size2,400 SF
Price / SF$1.04
Days on Market94
Property Features for 108 W Rutherford St
General Information
Standard status
Active
Size
2,400 SF
Additional Details
Road Access
Yes
Office Units
2
Building Details
Tenancy
Single
Listing Agency:
SCNC Realty
Listed By:
Jeremy Wood · License #274782
(864) 436-1768
Source:
Greenvilleheartproperties
Added: Jul 20
Changed: Oct 6
Last Checked: Oct 20 at 10:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SCNC Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This all-brick medical office building is offered for sale and configured with two units, though the landlord is seeking to lease the entire building to a single tenant. The property includes 8+/- exam rooms, three bathrooms, two lobbies, two reception areas, and storage rooms. Interior improvements include vinyl plank flooring, carpet, built-in cabinets, and tables.
The building is located on a corner with access to two city streets, and it sits across from the Bealls shopping center and the Landrum Farmers Market.
The offering includes private parking lot access and a triple net lease structure, with the tenant responsible for taxes, insurance, and exterior maintenance.
The building is located on a corner with access to two city streets, and it sits across from the Bealls shopping center and the Landrum Farmers Market.
The offering includes private parking lot access and a triple net lease structure, with the tenant responsible for taxes, insurance, and exterior maintenance.
Key Highlights
- 2,400 SF all‑brick medical building for lease in downtown Landrum with private parking lot
- Corner location on Rutherford St. (HWY 14) and Randolph St., across from Bealls and the Landrum Farmers Market
- Layout includes 8+/- exam rooms, 3 bathrooms, 2 lobbies, and 2 reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,099
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,980
$742.0K
Cap Rate 7%
$529,986
$530.0K
Cap Rate 9%
$412,211
$412.2K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$57.9K $24.12/SF
− Vacancy
−$8.4K −$3.51/SF
EGI
$49.5K $20.61/SF
− OpEx
−$12.4K −$5.15/SF
NOI
$37.1K $15.46/SF
Area
Spartanburg County, SC
Vacancy
14.55%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,980
Cap Rate 7%
$529,986
Cap Rate 9%
$412,211
Alternative Uses
Best Use
Healthcare Medical
$540.0K
$472.5K – $630.0K
NOI $37,800 @ 7.0% cap · market cap 1,512.00%
Second Best
Office B
$530.0K
$463.7K – $618.3K
NOI $37,099 @ 7.0% cap · market cap 1,483.96%
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,422 @ 7.0% cap · market cap 5,216.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 29356, SC
8,893
Population
4,434
Households
2
Avg Household Size
51
Median Age
35%
College-Educated
90%
High-School Grad
82.1 sq mi
ZIP Area
108
Density / Sq Mi
$60,911
Median Household Income
$43,119
Median Earnings
$632
Median Rent
$273,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Dr. Jeni Evans — 136 S Howard Ave, Landrum, SC 29356
- God's Creatures Animal Hospital — 136 S Howard Ave, Landrum, SC 29356
Frequently Asked Questions
What type of property is this?
Medical Office Space - All-brick medical office building with exam rooms, multiple lobbies and reception areas, and private parking.
Where is this medical office space located?
The property is located at 108 W Rutherford St Landrum, SC.
What are key features of this property?
This property features: 2,400 SF all‑brick medical building for lease in downtown Landrum with private parking lot; Corner location on Rutherford St. (HWY 14) and Randolph St., across from Bealls and the Landrum Farmers Market; Layout includes 8+/- exam rooms, 3 bathrooms, 2 lobbies, and 2 reception areas
