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    1513 West Main St Laurens, SC 29360

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    1513 West Main St Laurens, SC 29360

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    • Commercial real estate
    • 12.55 lot acres
    For Sale
    $1,267,550
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    Laurens Commercial Development Opportunity For Sale
    $1,267,550

    Laurens Commercial Development Opportunity

    12.55 AC site on West Main Street, Laurens, SC.

    1513 West Main Street, Laurens, SC 29360
    View Listing
    Property ID
    US77-0397006
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GRW Enterprises Llc / Employment Agency

    Property Details for 1513 West Main St

    Lot size
    12.55 lot acres
    Property type
    Commercial real estate
    APN
    906- 06- 02- 031, 906- 06- 02- 030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Laurens
    County
    Laurens
    State
    South Carolina
    Longitude
    -82.049582849052
    Latitude
    34.49998732565

    Comparable in this City

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      Laurens Acreage For Sale

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      164 Sugar Creek Rd, Laurens, SC 29360
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    • $129,000
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      Residential Lot in Laurens, SC

      Residential lot available in Laurens, South Carolina.
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    • $300,000
      24.15 Acres

      Laurens Acreage with Creek Frontage

      24.15 acre tract with creek frontage and homesite potential.
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    • $60,000
      1.50 Acres

      1.5 Acres Near Downtown Laurens

      1.5 acres near downtown Laurens, SC, ideal for development.
      River St, Laurens, SC 29360
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    • $120,000
      4.91 Acres

      Laurens Waterfront Wooded Lot

      4.91-acre wooded lot with 300 feet of water frontage.
      45 Deer Meadows Rd, Laurens, SC 29360
      View Details
    • Contact for pricing
      21,439 SF

      Land For Sale

      Land available for sale.
      20482 Highway 76 E, Laurens, SC 29360
      View Details

    Similar Nearby for Sale

    • $349,500
      14.00 Acres

      Laurens Acreage For Sale

      14 acres of agricultural land in Laurens, South Carolina.
      164 Sugar Creek Rd, Laurens, SC 29360
      View Details
    • $129,000
      0.75 Acres

      Residential Lot in Laurens, SC

      Residential lot available in Laurens, South Carolina.
      00 E Peninsula Dr, Laurens, SC 29360
      View Details
    • $300,000
      24.15 Acres

      Laurens Acreage with Creek Frontage

      24.15 acre tract with creek frontage and homesite potential.
      00 Neely Ferry Rd, Laurens, SC 29360
      View Details
    • $60,000
      1.50 Acres

      1.5 Acres Near Downtown Laurens

      1.5 acres near downtown Laurens, SC, ideal for development.
      River St, Laurens, SC 29360
      View Details
    • $120,000
      4.91 Acres

      Laurens Waterfront Wooded Lot

      4.91-acre wooded lot with 300 feet of water frontage.
      45 Deer Meadows Rd, Laurens, SC 29360
      View Details
    • Contact for pricing
      21,439 SF

      Land For Sale

      Land available for sale.
      20482 Highway 76 E, 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

      Rail-Served Warehouse Distribution Facility

      Warehouse and distribution facility near Greenville, South Carolina, with expansion potential.
      101 Michelin Dr, Laurens, SC 29360
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      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
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    • 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
      1,200 SF

      Retail Space on Main Street

      Retail space available for lease in Laurens, South Carolina.
      627 E Main St, Laurens, SC 29360
      View Details
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    1513 West Main St
    Laurens, SC 29360
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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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