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    Industrial Site in Hunter Park Title is generated by Realmo AI

    00 Hunter Industrial Park Road, Laurens, SC 29360

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    For Sale
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    Site awaits the next industrial user within Hunter Industrial Park

    Property size:
    956,142 SF
    Lot size:
    21.95 Acres
    Added:
    Mar 11, 2025
    Days on Market:
    448
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 00 Hunter Industrial Park Road

    General Information

    Standard status
    Active
    Property type
    Other land, Residential land & home lots, Agricultural land / Farmland, Land
    Size
    956,142 SF
    Elevators
    N/A
    Lot size
    21.95 Acres

    We can help!

    Listing Contact
    Knox Duncan

    Listing agent Knox

    Listing office

    Listing date Mar 11, 2025

    HighLights

    • Laurens Tax Map Number: 381‑00‑00‑009
    • Road Frontage: ±1,600 linear feet on Hunter Industrial Park Road.
    • Topography: Rolling
    • Zoning: None
    • Water Features: ±1,000 linear feet of stunning Little River creek frontage on the backside of the property as well as a runoff stream in the center of property.
    • Possibility of annexation into city of Laurens / Hunter Industrial Park.
    • ±9 minutes from Downtown Laurens.
    • ±15 minutes to Downtown Fountain Inn.
    • ±30 minutes to Downtown Greenville.
    • Just over an hour to Columbia.
    • ±2 miles to 385 access.
    • ±29,700 SC AADT on 385 adjacent to property.
    • All utilities available through Laurens Commission of Public Works (Water, Sewer, Power, Cable and Natural Gas).

    Overview

    Located within Hunter Industrial Park and accessible from exits 9 and 10 off 385, this site is near Laurens city limits and may be annexed into the city and park for utilities access. Laurens Commission of Public Works has power, natural gas, water, and sewer at the road. A short 2-mile drive to exit 9 provides access to Downtown Greenville in approximately 30 minutes and Downtown Columbia in just over an hour. Traffic counts at exit 9 are nearly 30,000 SC AADT and growing. Laurens CPW sold acreage across the street in Q4 of 2023, which will soon be home to a new manufacturing facility from MAK Enterprises. Alupress, LLC has committed to a $26 million expansion of its facilities in the park, set to be complete by Q4 of 2028. The site has approximately 1,600 linear feet of road frontage on Hunter Industrial Park Road. The topography is rolling. The property features approximately 1,000 linear feet of Little River creek frontage on the backside, as well as a runoff stream in the center. It is approximately 9 minutes from Downtown Laurens, 15 minutes to Downtown Fountain Inn, and 30 minutes to Downtown Greenville. The site is just over an hour to Columbia and approximately 2 miles to 385 access, with 29,700 SC AADT on 385 adjacent to the property. The Laurens Tax Map Number is 381-00-00-009.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Hotel & Motel Department Store Kitchen & Bath Showroom Bar & Pub Discount Store Grocery & Convenience Store Plumbing Service Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laurens
    County
    Laurens
    State
    South Carolina
    Longitude
    -82.0542
    Latitude
    34.4899

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    FAQs

    What type of property is this?
    Land - Site awaits the next industrial user within Hunter Industrial Park
    Where is this land located?
    The property is located at 00 Hunter Industrial Park Road Laurens, SC.
    What are key features of this property?
    This property features: Laurens Tax Map Number: 381‑00‑00‑009; Road Frontage: ±1,600 linear feet on Hunter Industrial Park Road.; Topography: Rolling
    (864) 608-0029
    We can help!
    Listing Contact
    Knox Duncan
    Learn More
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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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