Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Laurens St Laurens, SC 29360

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Portfolio of land parcels suitable for residential development in Laurens.

    Property size:
    37 SF
    Lot size:
    37.97 Acres

    Property Features for Laurens St

    General Information

    Size
    37 SF
    Lot size
    37.97 Acres

    We can help!

    Listing Contact
    Brett Mitchell
    Source: Svn

    Listing Agency: SVN Palmetto Listing Agent: Brett Mitchell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Laurens Development Opportunity

    This offering presents a development opportunity in Laurens, SC, featuring a portfolio of land parcels and infill lots totaling approximately 37.97 acres. The individual tract sizes range from approximately 0.36 acres to approximately 10.58 acres. The owner is open to selling parcels individually or as an entire portfolio. The parcels are primarily raw, wooded land, well-positioned for a residential development project, including single-family homes, multi-family apartments, or townhomes. Given the high demand for multifamily housing throughout Laurens, the property is suited for a multifamily or mixed-residential development. Located within a growing region, this portfolio offers a chance for a developer to capitalize on the increasing need for quality housing in a rapidly expanding market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Laurens
    County
    Laurens
    State
    South Carolina
    Longitude
    -82.01558
    Latitude
    34.499777

    Nearby Similar for Sale

    • $105,000
      0.17 Acres

      Laurens Duplex: Investor Opportunity

      Two-unit duplex in Laurens, SC, ideal for investors.
      303 Southview Dr, Laurens, SC 29360
      View Details
    • $109,900
      600 SF

      Downtown Laurens Office Space

      600 SqFt office space in downtown Laurens, South Carolina.
      4 Laurensville Ln, Laurens, SC 29360
      View Details
    • $279,900
      1,750 SF

      Laurens Retail Space For Sale

      Retail space in high-visibility location, currently a coin laundry.
      317 Fleming St, Laurens, SC 29360
      View Details
    • Contact for pricing
      5,943 SF

      Remodeled Office Suites in Downtown

      Move-in ready office suites in a prime downtown location.
      221 W Laurens St, Laurens, SC 29360
      View Details
    • Contact for pricing
      4,079 SF

      New 7-Eleven Investment Opportunity

      Modern gas station with long-term lease in Laurens, SC.
      21402 Us-221, Laurens, SC
      View Details
    • Contact for pricing

      Laurens County Land with Timber

      Land with timber, pasture, creek frontage near Laurens, SC.
      672 Boxwood Rd, Laurens, SC 29360
      View Details
    • Contact for pricing

      Established Car Wash Business Opportunity

      Operating car wash and dry cleaning business near Laurens Historic Square.
      103 S Harper St, Laurens, SC 29360
      View Details
    • $375,000
      2 SF

      Retail/Office Opportunity in Laurens, SC

      Retail or office space for sale in Laurens, South Carolina.
      210 Hillcrest Dr, Laurens, SC 29360
      View Details
    • $375,000
      4,600 SF

      Historic Square Mixed-Use Investment

      Mixed-use property with retail and residential income potential.
      111 West Public Sq, Laurens, SC 29360
      View Details
    • $50,000
      0.02 Acres

      Downtown Laurens Commercial Space

      Prime Location, High-Traffic Area
      108 Court St, Laurens, SC 29360
      View Details
    • $299,900
      0.06 Acres

      Downtown Laurens Mixed-Use Gem

      Historic building, high traffic area, multiple uses
      111 Public Sq, Laurens, SC 29360
      View Details
    • $185,000
      0.87 Acres

      Laurens Commercial Office Building

      Prime Location, Versatile Space, High Visibility
      314 Owings St, Laurens, SC 29360
      View Details

    FAQs

    What type of property is this?
    Land - Portfolio of land parcels suitable for residential development in Laurens.
    Where is this land located?
    The property is located at Laurens St Laurens, SC.
    What are key features of this property?
    This property features: - High-demand location in Laurens, SC, ideal for residential development.; - Portfolio of land parcels totaling ±37.97 acres, offering flexibility.; - Excellent potential for multifamily or mixed-residential development.
    (864) 498-3664
    Request Owner's contact information
    Laurens St Laurens, SC 29360
    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.
    Laurens St
    Laurens, SC 29360
    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
    Laurens St Laurens, SC 29360
    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

    We can help!
    Listing Contact
    Brett Mitchell
    Real Estate License ID: #136379
    (864) 498-3664 (864) 263-7045
    Learn more
    Google sign-in failed. Please try again or use another login method.