Flex Building with
For Sale
Under Contract
$375,000
5108 Old Laurens Rd, Greenwood, SC 29649
Commercial Sale, Greenwood, SC
Property Size3,200 SF
Lot Size1.08 Acres
Price / SF$117.19
Days on Market183
Property Features for 5108 Old Laurens Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RDD
Subdivision
LAKEVIEW HGHTS
Standard status
Active Under Contract
Size
3,200 SF
Lot size
1.08 Acres
Amenities
full kitchen
2 laundry hookups
multiple bathrooms (2-half baths and one with a shower)
flexible rooms
attached additional covered storage areas
220 power
welding hookup
Building Details
Year built
2005
Listing Agency:
Your Home Sold Guaranteed Realty - Kellar Lawrence
(864) 942-8991
Listed By:
Tara Wise · License #138517
(864) 941-1579
Added: May 4
Changed: Oct 10
Last Checked: Nov 2 at 8:06PM
MLS# 139753
Copyright © 2026 Greenwood Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property includes an 80-by-40-foot steel-frame building with warehouse and workshop space. Two 12-by-12-foot roll-up doors support equipment and vehicle access, while the interior includes a full kitchen, laundry hookups, two half-baths, and a bathroom with a shower. Additional rooms can accommodate offices, living quarters, or meetings, and attached covered storage provides space for boats, vehicles, or materials.
The 1.08-acre site is at 5108 Old Laurens Rd in Greenwood, beside Harris Landing and diagonal from One Stop Marina, with views toward Lake Greenwood. The property is approximately three minutes from the Olde Eight Community and Golf Course. It currently uses a well and septic system, with county water lines being installed on the road. Existing 220 power and a welding hookup support workshop and repair applications, while the lot provides parking, access, and room for expansion. The property is leased month-to-month.
The 1.08-acre site is at 5108 Old Laurens Rd in Greenwood, beside Harris Landing and diagonal from One Stop Marina, with views toward Lake Greenwood. The property is approximately three minutes from the Olde Eight Community and Golf Course. It currently uses a well and septic system, with county water lines being installed on the road. Existing 220 power and a welding hookup support workshop and repair applications, while the lot provides parking, access, and room for expansion. The property is leased month-to-month.
Key Highlights
- 3,200‑square‑foot flex property on 1.08 acres
- 80‑by‑40‑foot steel‑frame building with warehouse and workshop space
- Two 12‑by‑12‑foot roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,680
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,600
$633.6K
Cap Rate 7%
$452,571
$452.6K
Cap Rate 9%
$352,000
$352.0K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$57.6K $18.00/SF
− Vacancy
−$6.9K −$2.16/SF
EGI
$50.7K $15.84/SF
− OpEx
−$19.0K −$5.94/SF
NOI
$31.7K $9.90/SF
Area
Greenwood County, SC
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,600
Cap Rate 7%
$452,571
Cap Rate 9%
$352,000
Alternative Uses
Best Use
Office B
$780.0K
$682.5K – $910.1K
NOI $54,603 @ 7.0% cap · market cap 14.56%
Second Best
Mixed Use
$452.6K
$396.0K – $528.0K
NOI $31,680 @ 7.0% cap · market cap 8.45%
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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Current Use
Lease Details
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 Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - RDD-zoned property combines warehouse, office, storage, and live-work functionality on an expansive commercial parcel.
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 flex property on 1.08 acres; 80‑by‑40‑foot steel‑frame building with warehouse and workshop space; Two 12‑by‑12‑foot roll‑up doors
