Laurens Road Commercial
517 & 605 Laurens Rd Greenville, SC 29607
For Sale
Contact for pricing
Two neighboring commercial properties on Laurens Road for sale.
Property Size8,118 SF
Price / SF$307.96
Days on Market139
Property Features for 517 & 605 Laurens Rd
General Information
Standard status
Active
Size
8,118 SF
Property subtype
Retail
Listing Agency:
The Founders Group, A Division of Carolina Moves Real Estate
Listed By:
Matt Foster · License #SC
Source:
Crexi
Added: Mar 12
Changed: Jul 6
Last Checked: Jul 27 at 9:33AM
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 The Founders Group, A Division of Carolina Moves Real Estate
Investment Insights
Based on property information with market context.
These two neighboring commercial properties offer flexibility for investors or businesses looking to secure a presence along Laurens Road. The properties offer strong positioning within a highly traveled corridor and may be evaluated for future redevelopment potential. Located along the well-established Laurens Road corridor, 517 & 605 Laurens Rd sits within one of the most active commercial and residential areas of Greenville. The surrounding area provides strong business demand driven by population growth, retail activity, and convenient access to the city’s core. Downtown Greenville continues to experience strong growth, high tourism, and consistent local traffic. Being positioned along a primary route to I-385 means exposure to commuters entering and exiting the downtown core daily. The property size is 8118 square feet.
Key Highlights
- Strong positioning in a highly traveled corridor on Laurens Road.
- Flexibility for investors or businesses.
- Future redevelopment potential.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.3k | $21.96 |
| − Vacancy | −$6.4k | −$0.79 |
| EGI | $171.9k | $21.17 |
| − OpEx | −$51.6k | −$6.35 |
| NOI | $120.3k | $14.82 |
8,118 SF · lease $21.96/SF/yr · vacancy 3.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.72M
$1.50M – $2.00M
NOI $120,297 @ 7.0% cap · market cap 4.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.47M
$3.03M – $4.05M
NOI $242,795 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Two neighboring commercial properties on Laurens Road for sale.
Where is this retail property located?
The property is located at 517 & 605 Laurens Rd Greenville, SC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strong positioning in a highly traveled corridor on Laurens Road.; Flexibility for investors or businesses.; Future redevelopment potential.
