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    Property profile & analytics

    1306 George Albert Lake Rd Anderson, SC 29624

    • Manufacturing properties
    • 39,357 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2467327
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tom Fouts Tire / Shopping Mall
    • Durham Services / Trucking Company

    Property Details for 1306 George Albert Lake Rd

    Property size
    39,357 SF
    Property type
    Manufacturing properties
    Property subtype
    Flex space

    Description

    This Anderson, SC industrial property offers 39,357 square feet of flexible space, ideal for manufacturing, warehousing, or distribution. The single-tenant building boasts 2,559 square feet of newly renovated (2022) office space. The warehouse features a 22-foot ceiling height, seven loading docks (four dock-high doors and one drive-in), and is fully conditioned and sprinklered. The property benefits from three-phase power. Located in Anderson County's Anderson submarket, this strategically positioned site offers easy access to I-85, placing it within convenient reach of both Atlanta, GA, and Charlotte, NC. The building's location in a business-friendly environment with a strong workforce adds to its appeal. This exceptional property presents a rare opportunity for businesses seeking high-quality industrial space in a thriving Upstate South Carolina location. The zip code is 29624.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.631209
    Latitude
    34.479221

    Comparable in this City

    • $3 SF/Yr
      149,555 SF

      Schmid Plaza Road Warehouse

      Anderson, SC industrial space available
      201 Schmid Plaza Rd, Anderson, SC 29624
      View Details
    • $5,500 /Mo

      Industrial Building in Anderson, SC

      Industrial building suitable for wholesale distribution in Anderson, SC.
      1821 S Mcduffie St, Anderson, SC 29624
      View Details
    • $10 SF/Yr
      29,040 SF

      Anderson Retail Strip - For Lease

      High-visibility retail spaces available
      1402 River St, Anderson, SC 29624
      View Details
    • Contact for pricing
      400 SF

      Retail Space in Anderson, SC

      Retail space available with recent renovations and strong anchor tenants.
      2905 N Main St, Anderson, SC 29624
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 1,200 square feet.
      3003 S Main Street Ext, Anderson, SC 29624
      View Details
    • New
      $1,350 /Mo
      2,614 SF

      Downtown Anderson Commercial Space Available

      Versatile 1,300 SF space in historic downtown Anderson.
      122 W Whitner St, Anderson, SC 29624
      View Details

    Similar Nearby for Sale

    • $1,200,000
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      Industrial Building on 1 Acre

      8,800 SF building with expansion potential near I-85.
      403 Frampton St, Anderson, SC 29624
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    • $2,300,000
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      502 Highway 28 Byp

      Land • 17.37 Acres
      502 Highway 28 Byp, Anderson, SC 29624
      View Details
    • Contact for pricing
      12.82 Acres

      Anderson Commercial Land - Hwy 28 Bypass

      12.82 Acres, Prime Development Opportunity
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    • Contact for pricing
      0.12 Acres

      Buildable Lot in Anderson, SC

      Buildable lot in Anderson, South Carolina, ideal for investment.
      1105 W Franklin St, Anderson, SC 29624
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    • $60,000
      0.57 Acres

      Commercial Land on High-Traffic Highway

      Commercial land on a high-traffic highway corner ready for development.
      28 Bypass/New Pond Rd, Anderson, SC 29624
      View Details
    • $30,000
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      Ready-to-Build Homesite in Anderson, SC

      Homesite with full utilities, minutes from shopping and downtown.
      113 Meadow Hills Dr, Anderson, SC 29624
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    Similar Nearby for Lease

    • $3 SF/Yr
      149,555 SF

      Schmid Plaza Road Warehouse

      Anderson, SC industrial space available
      201 Schmid Plaza Rd, Anderson, SC 29624
      View Details
    • $5,500 /Mo

      Industrial Building in Anderson, SC

      Industrial building suitable for wholesale distribution in Anderson, SC.
      1821 S Mcduffie St, Anderson, SC 29624
      View Details
    • $18 SF/Yr
      1,200 SF

      Retail Space Available For Rent

      Retail space available for lease, approximately 1,200 square feet.
      3003 S Main Street Ext, Anderson, SC 29624
      View Details
    • New
      $1,350 /Mo
      2,614 SF

      Downtown Anderson Commercial Space Available

      Versatile 1,300 SF space in historic downtown Anderson.
      122 W Whitner St, Anderson, SC 29624
      View Details
    • $10 SF/Yr
      29,040 SF

      Anderson Retail Strip - For Lease

      High-visibility retail spaces available
      1402 River St, Anderson, SC 29624
      View Details
    • Contact for pricing
      400 SF

      Retail Space in Anderson, SC

      Retail space available with recent renovations and strong anchor tenants.
      2905 N Main St, Anderson, SC 29624
      View Details
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    1306 George Albert Lake Rd
    Anderson, SC 29624
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    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
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