Add Listing
    For Lease
    • 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

    34 Commerce Drive Gaffney, SC 29340

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Large industrial space available for lease in Gaffney, SC.

    Type:Industrial
    Property size:
    1,007,393 SF
    Added:
    Nov 22, 2025
    Days on Market:
    136
    Last Refresh:
    Apr 5 at 8:10 pm

    Property Features for 34 Commerce Drive

    General Information

    Standard status
    Active
    Size
    1,007,393 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 34 Commerce Drive Contact us

    We can help!

    Listing Contact
    Trey Pennington
    Trey Pennington

    Listing agent Trey Pennington License #68011

    Listing office CBRE - Greenville

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE - Greenville

    Overview

    Gaffney Warehouse/Distribution Space

    This industrial property, suitable for warehouse or distribution purposes, offers 1,007,393 square feet of space. Located in Gaffney, South Carolina, the property is situated at 34 Commerce Drive, 29340.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TTI - Gaffney Distribution ... Distribution Center

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Auto Parts Store Department Store Bar & Pub Discount Store Locksmith

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

    Location Insight

    • Map
    • Local Demand
    City
    Gaffney
    County
    Cherokee
    State
    South Carolina
    Longitude
    -81.6082
    Latitude
    35.1019

    Nearby Similar for Lease

    • Contact for pricing

      Gaffney Warehouse Space Available

      25,000 SF warehouse space for lease near NC border.
      1210 CHAMPION FERRY Road, Gaffney, SC 29341
      View Details
    • Contact for pricing

      Gaffney Retail Space For Lease

      Retail space available in Gaffney, SC, near I-85.
      535 W Frederick Street, Gaffney, SC 29341
      View Details
    • $5/mo

      Gaffney Warehouse Space Available

      Industrial warehouse space available for rent in Gaffney, South Carolina.
      341 East Floyd Baker Boulevard, Gaffney, SC
      View Details
    • $11/mo

      Office Space in Gaffney

      Office space available for lease in Gaffney, South Carolina.
      406 Tiffany Park Circle, Gaffney, SC
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Gaffney, South Carolina.
      Shelby Highway, Gaffney, SC 29340
      View Details
    • $6/mo

      Prime Office & Warehouse Space for Lease at 133 Caggiano, Gaffney, SC

      Versatile office and warehouse space in Gaffney, South Carolina.
      133 Caggiano Dr, Gaffney, SC 29341
      View Details
    • Contact for pricing

      Gaffney Industrial Space For Lease

      Expandable industrial space in Gaffney, SC, with excellent interstate access.
      742 Peachoid Rd, Gaffney, SC
      View Details
    • $12/mo

      Flex Space with Drive-In Doors

      Flex space featuring warehouse and showroom/office areas with drive-in doors.
      474 Hampshire Dr, Gaffney, SC
      View Details
    • Contact for pricing

      Industrial Space Available for Lease

      Warehouse and office space available for lease in Gaffney, SC.
      109 Chellelin Dr, Gaffney, SC
      View Details
    • $8/mo

      12,500 SF Industrial Building

      12,500 SF industrial building in Gaffney, SC, with flexible lease.
      139 Caggiano Drive, Gaffney, SC 29341
      View Details
    • Contact for pricing

      Former Drive-Thru Restaurant Available

      Former drive-thru restaurant in prime retail location for lease.
      1529 W Floyd Baker Blvd, Gaffney, SC
      View Details
    • Contact for pricing

      Warehouse Space Available for Lease

      Warehouse and office space available for lease in Gaffney, SC.
      108 Chellelin Dr, Gaffney, SC
      View Details

    FAQs

    What type of property is this?
    Warehouse - Large industrial space available for lease in Gaffney, SC.
    Where is this warehouse located?
    The property is located at 34 Commerce Drive Gaffney, SC.
    What are key features of this property?
    This property features: Large industrial space available for lease.; Located in Gaffney, SC.
    (864) 527-6095
    We can help!
    Listing Contact
    Trey Pennington
    Trey Pennington
    Real Estate License ID: 68011
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!