Office Building With Private
For Sale
Contact for pricing
610 Laurel St., Orangeburg, SC 29115
Commercial office property with a board room, reception area, kitchenette, storage, and dedicated parking.
Property Size2,016 SF
Lot Size0.07 Acres
Price / SF$89.29
Days on Market126
Property Features for 610 Laurel St.
General Information
Standard status
Active
Size
2,016 SF
Total Parking Spaces
6
Lot size
0.07 Acres
Property subtype
Office
Amenities
waiting area
board room
private offices
bathrooms
kitchenette
storage rooms
main and side door entrances
alarm system
Building Details
Year Built
1948
Buildings
1
Units
4
Tenancy
Single
Listing Agency:
The Litchfield Company - Commercial Division
(803) 535-6208
Listed By:
Cal Bruner · License #SC 4526
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 7:16AM
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 Litchfield Company - Commercial Division
Investment Insights
Based on property information with market context.
This 2,016-square-foot office building, constructed in 1948, provides a practical layout for professional operations. The interior includes a waiting area, board room, four private offices, two bathrooms, a kitchenette, and two storage rooms. Main and side entrances support access from multiple points, while an installed alarm system is in place. The property is occupied by a tenant, with additional details available by contacting the broker.
Recent improvements include a roof replacement three years ago and a newly painted exterior. Six designated parking spaces serve the property, and the building is located at 610 Laurel St. in Orangeburg, South Carolina.
Recent improvements include a roof replacement three years ago and a newly painted exterior. Six designated parking spaces serve the property, and the building is located at 610 Laurel St. in Orangeburg, South Carolina.
Key Highlights
- 2,016 square feet of office space built in 1948
- Four private offices plus a waiting area and board room
- Two bathrooms, kitchenette, and two storage rooms
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
$14,878
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
8.27%
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%
$297,560
$297.6K
Cap Rate 7%
$212,543
$212.5K
Cap Rate 9%
$165,311
$165.3K
Market Conditions
NOI Build-Up for 2,016 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
$24.2K $12.00/SF
− Vacancy
−$4.4K −$2.16/SF
EGI
$19.8K $9.84/SF
− OpEx
−$5.0K −$2.46/SF
NOI
$14.9K $7.38/SF
Area
Orangeburg County, SC
Vacancy
18.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
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%
$297,560
Cap Rate 7%
$212,543
Cap Rate 9%
$165,311
Alternative Uses
Best Use
Office B
$212.5K
$186.0K – $248.0K
NOI $14,878 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 29115, SC
28,207
Population
14,058
Households
2
Avg Household Size
37
Median Age
19%
College-Educated
78%
High-School Grad
124.6 sq mi
ZIP Area
226
Density / Sq Mi
$34,174
Median Household Income
$26,854
Median Earnings
$779
Median Rent
$95,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Commercial office property with a board room, reception area, kitchenette, storage, and dedicated parking.
Where is this office building located?
The property is located at 610 Laurel St. Orangeburg, SC.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 2,016 square feet of office space built in 1948; Four private offices plus a waiting area and board room; Two bathrooms, kitchenette, and two storage rooms
