Flex Industrial Building with Roll-Up
For Sale
$375,000
Pending
5108 Old Laurens Rd, Greenwood, SC 29649
Interior rooms can serve as office, meeting, or living areas alongside the warehouse and workshop space.
Property Size3,200 SF
Lot Size1.08 Acres
Days on Market179
Property Features for 5108 Old Laurens Rd
General Information
Standard status
Pending
Size
3,200 SF
Lot size
1.08 Acres
Property subtype
Commercial
Warehouse & Industrial
Drive-In Doors
2
Voltage
220 V
Additional Details
Utilities to Site
Yes
Tenant in Place
Yes
Building Details
Year Built
2005
Buildings
1
Building Size
3,200 SF
Construction
steel frame
Listing Agency:
Epique Realty
Listed By:
Rick Stroud
(864) 479-1189
Source:
Greathomessc
Added: May 4
Changed: Oct 28
Last Checked: Oct 28 at 3:42PM
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 Epique Realty
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Investment Insights
Based on property information with market context.
Built in 2005, this 3,200-square-foot flex property occupies 1.08 acres. The 80-by-40-foot steel-frame building includes warehouse and workshop space with two 12-by-12-foot roll-up doors, plus attached covered storage. Interior areas include a full kitchen, two laundry hookups, two half baths, and a bathroom with a shower; rooms can also function as offices, meeting areas, or living quarters. Electrical service includes 220 power and a welding hookup. The property uses well and septic, and county water lines are being installed on the road. It is leased month-to-month.
The property is beside Harris Landing and across from One Stop Marina, near Lake Greenwood. Olde Eight Community and Golf Course is approximately three minutes away. The 1.08-acre parcel provides room for parking and access, with additional covered areas for storing vehicles, boats, or materials.
The property is beside Harris Landing and across from One Stop Marina, near Lake Greenwood. Olde Eight Community and Golf Course is approximately three minutes away. The 1.08-acre parcel provides room for parking and access, with additional covered areas for storing vehicles, boats, or materials.
Key Highlights
- 3,200‑square‑foot building on 1.08 acres
- 80‑by‑40‑foot steel‑frame building with two 12‑by‑12‑foot roll‑up doors
- Attached covered storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,889
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,780
$457.8K
Cap Rate 7%
$326,986
$327.0K
Cap Rate 9%
$254,322
$254.3K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$28.8K $9.00/SF
− Vacancy
−$1.9K −$0.59/SF
EGI
$26.9K $8.42/SF
− OpEx
−$4.0K −$1.26/SF
NOI
$22.9K $7.15/SF
Area
Greenwood County, SC
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,780
Cap Rate 7%
$326,986
Cap Rate 9%
$254,322
Alternative Uses
Best Use
Warehouse
$327.0K
$286.1K – $381.5K
NOI $22,889 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$269.3K
$235.6K – $314.2K
NOI $18,850 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.01M
$879.6K – $1.17M
NOI $70,367 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 29649, SC
27,485
Population
11,966
Households
2.3
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
53.6 sq mi
ZIP Area
513
Density / Sq Mi
$56,268
Median Household Income
$37,221
Median Earnings
$937
Median Rent
$207,700
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Interior rooms can serve as office, meeting, or living areas alongside the warehouse and workshop space.
Where is this flex space located?
The property is located at 5108 Old Laurens Rd Greenwood, SC.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 3,200‑square‑foot building on 1.08 acres; 80‑by‑40‑foot steel‑frame building with two 12‑by‑12‑foot roll‑up doors; Attached covered storage areas
