Updated End-Unit
For Sale
$259,000
Pending
200 E Rutherford Street, Landrum, SC 29356
Compact commercial space in downtown Landrum with end-unit exposure and flexible boutique, studio, office, or specialty retail potential.
Property Size1,930 SF
Days on Market51
Property Features for 200 E Rutherford Street
General Information
Standard status
Pending
Size
1,930 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
End Cap
Yes
Highway Access
Yes
Road Access
Yes
Amenities
Features: Corner Lot, Size: 0, Size Units: Acres
Days on Market: 16, Listing Price: 259000, Status: Under Contract-Show
Year Built: 1930, Construction Type: Site Built
City: Landrum, State: SC, Zip: 29356, County: Spartanburg, Directions: 26 to Landrum property on left
Auction Y/N: 0
Building Details
Building Size
1,930 SF
Year Built
1930
Listing Agency:
Sauvé Collective
Listed By:
Nikki Sauvé
(864) 415-2432
Source:
Blackstreaminternational
Added: Jul 29
Changed: Sep 17
Last Checked: Sep 16 at 6:44PM
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 Sauvé Collective
Investment Insights
Based on property information with market context.
This updated storefront is configured as an end unit on East Rutherford Street in downtown Landrum. The compact footprint is presented as ready for occupancy and can accommodate a boutique, studio, professional office, or specialty retail concept. Its position at the end of the building provides exposure to more than one direction, while the property’s original construction dates to 1930.
The site is within the downtown district, near antique shops, boutiques, and independent restaurants. It is also positioned just off I-26, between Spartanburg and Asheville, with the Tryon International Equestrian Center described as minutes away. The address is 200 E Rutherford Street, Landrum, SC 29356.
The site is within the downtown district, near antique shops, boutiques, and independent restaurants. It is also positioned just off I-26, between Spartanburg and Asheville, with the Tryon International Equestrian Center described as minutes away. The address is 200 E Rutherford Street, Landrum, SC 29356.
Key Highlights
- Updated end‑unit storefront on East Rutherford Street
- Compact layout suited to boutique, studio, office, or specialty retail use
- Downtown Landrum setting near antique shops, boutiques, and independent eateries
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,202
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,040
$444.0K
Cap Rate 7%
$317,171
$317.2K
Cap Rate 9%
$246,689
$246.7K
Market Conditions
NOI Build-Up for 1,930 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.7K $18.00/SF
− Vacancy
−$3.0K −$1.57/SF
EGI
$31.7K $16.43/SF
− OpEx
−$9.5K −$4.93/SF
NOI
$22.2K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$444,040
Cap Rate 7%
$317,171
Cap Rate 9%
$246,689
Alternative Uses
Best Use
Retail
$317.2K
$277.5K – $370.0K
NOI $22,202 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,881 @ 7.0% cap · market cap 40.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
27k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 51%
Shops & Services 49%
Bealls
Apparel
13,688 visits/mo
0.3 miles
Dollar Tree
Shops & Services
7,241 visits/mo
0.3 miles
Wells Fargo
Shops & Services
4,817 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,064 visits/mo
0.4 miles
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Compact commercial space in downtown Landrum with end-unit exposure and flexible boutique, studio, office, or specialty retail potential.
Where is this storefront property located?
The property is located at 200 E Rutherford Street Landrum, SC.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Updated end‑unit storefront on East Rutherford Street; Compact layout suited to boutique, studio, office, or specialty retail use; Downtown Landrum setting near antique shops, boutiques, and independent eateries
