Mixed-Use Property with Two-Bay
New
For Sale
$1,100,000
1513 E Rutherford St, Landrum, SC 29356
A converted house provides office space alongside a shop equipped for service work.
Property Size2,880 SF
Price / SF$381.94
Days on Market4
Property Features for 1513 E Rutherford St
General Information
Standard status
Active
Size
2,880 SF
Additional Details
Road Access
Yes
Drive-In Doors
2
Service Bays
2
Taxes and HOA fees
Annual Taxes
$4,815
Amenities
wood floors
kitchen/break area
Building Details
Buildings
2
Listing Agency:
Leslie Horne and Associates
(864) 707-2315
Listed By:
Leslie Horne · License #72159
(864) 809-3880
Source:
Exprealty
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:42AM
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 Leslie Horne and Associates
Investment Insights
Based on property information with market context.
This mixed-use property in Landrum combines a converted house with a 30x60' shop. The office area contains four private rooms, a half bath, a kitchen and break area, and wood flooring. Its interior has been updated. The shop includes two service bays and a separate half bath.
Located at 1513 E Rutherford St, the property brings office and service functions together at one address. The configuration includes dedicated office rooms and shop space for commercial operations.
Located at 1513 E Rutherford St, the property brings office and service functions together at one address. The configuration includes dedicated office rooms and shop space for commercial operations.
Key Highlights
- 30x60' shop with two service bays
- Converted house configured with four private offices
- Office area includes a kitchen and break area, wood floors, and an updated interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,016
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$69.1K $24.00/SF
− Vacancy
−$8.3K −$2.88/SF
EGI
$60.8K $21.12/SF
− OpEx
−$22.8K −$7.92/SF
NOI
$38.0K $13.20/SF
Area
Spartanburg County, SC
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Industrial
$1.84M
$1.61M – $2.15M
NOI $128,888 @ 7.0% cap · market cap 11.72%
Second Best
Flex RnD
$1.71M
$1.50M – $1.99M
NOI $119,681 @ 7.0% cap · market cap 10.88%
Theoretical Best
Warehouse
$2.24M
$1.96M – $2.61M
NOI $156,507 @ 7.0% cap · market cap 14.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - A converted house provides office space alongside a shop equipped for service work.
Where is this mixed-use property located?
The property is located at 1513 E Rutherford St Landrum, SC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 30x60' shop with two service bays; Converted house configured with four private offices; Office area includes a kitchen and break area, wood floors, and an updated interior
