Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    108 Fleming Street Laurens, SC 29360
    Back to Search
    Property profile & analytics

    108 Fleming Street, Laurens, SC 29360

    View on Map
    • Retail properties & Spaces
    For Lease
    $12 SF/Yr
    View Listing →
    5,000 SF Retail Building For Lease For Lease
    $12 SF/Yr

    5,000 SF Retail Building For Lease

    Suite Size: ± 5,000 sqft, can be combined, for a total of ±11,000 sqft

    108 Fleming Street, Laurens, SC 29360
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 108 Fleming Street

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    Suite Size: ± 5,000 sqft Lease Rate: Contact Broker For Pricing Total Lot Size: ± 7.31 Acres Suites can be combined, for a total of ±11,000 sqft Location Description Ample parking Great access ± 650 ft of road frontage on Fleming Street High visibility Located at the signalized intersection of Fleming St and Hwy 221 Situated beside Little River Walking Trail Traffic Counts: ±10,800 VPD on Fleming Street ± 12,700 VPD on Hwy 221 Rapidly growing market

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laurens
    County
    State
    South Carolina
    Longitude
    -81.980641
    Latitude
    34.504661

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

      433 Harper St

      Retail properties & Spaces
      433 Harper St, Laurens, SC 29360
      View Details
    • Value Estimation by Request
      80,974 SF

      215 Hillcrest Dr

      Retail properties & Spaces
      215 Hillcrest Dr, Laurens, SC 29360
      View Details
    • Value Estimation by Request
      4,600 SF

      345 Main St

      Restaurants
      345 Main St, Laurens, SC 29360
      View Details
    • Value Estimation by Request
      8,000 SF

      214 Fleming St

      Retail properties & Spaces
      214 Fleming St, Laurens, SC 29360
      View Details
    • Value Estimation by Request
      2,300 SF

      913 Main St

      Restaurants
      913 Main St, Laurens, SC 29360
      View Details
    • Value Estimation by Request
      30,925 SF

      100C Fleming St

      Retail properties & Spaces
      100C Fleming St, Laurens, SC 29360
      View Details

    Similar Nearby for Sale

    • $375,000

      Retail/Office Opportunity in Laurens, SC

      Retail or office space for sale in Laurens, South Carolina.
      210 Hillcrest Dr, Laurens, SC 29360
      View Details
    • $2,947,000

      New Retail Property For Sale

      New construction retail property with a 15-year lease.
      913 E Main St, Laurens, SC 29360
      View Details
    • $375,000

      Historic Square Mixed-Use Investment

      Mixed-use property with retail and residential income potential.
      111 West Public Sq, Laurens, SC 29360
      View Details
    • Contact for pricing
      2,790 SF

      Laurens Commercial Building For Sale

      Commercial building with two business suites, suitable for various uses.
      328 Hillcrest Dr, Laurens, SC 29360
      View Details
    • $200,000
      0.33 Acres

      Commercial Shop Space For Sale

      Well-maintained commercial shop space ideal for various business operations.
      510 Anderson Dr, Laurens, SC 29360
      View Details
    • Contact for pricing
      2,600 SF

      Retail/Office Opportunity in Laurens

      2,600 SF retail/office space for sale in Laurens, SC.
      210 Hillcrest Dr, Laurens, SC 29360
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr

      Historic Square Retail Opportunity

      Beautifully remodeled retail space in Laurens' vibrant Historic Square.
      103 E Laurens St, Laurens, SC 29360
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Fleming Street

      5,000 sqft retail space with high visibility and ample parking.
      102-104 Fleming St, Laurens, SC 29360
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space on Main Street

      Retail space available for lease in Laurens, South Carolina.
      627 E Main St, Laurens, SC 29360
      View Details
    • Contact for pricing

      Retail Space on E Main

      3,000 SF retail space available for lease.
      900 E Main St, Laurens, SC 29360
      View Details
    • Contact for pricing
      621,468 SF

      Laurens Industrial Space Available

      Large industrial property available for lease in Laurens, South Carolina.
      221 & I-385 Hwy, Laurens, SC 29360
      View Details
    View Listing
    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.
    108 Fleming Street
    Laurens, SC 29360
    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

    Thank You for Inquiry
    108 Fleming Street, Laurens, SC, 29360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!