Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    245 Laurel Rd Lexington, SC 29073

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    245 Laurel Rd Lexington, SC 29073

    View on Map
    • Warehouses
    • 7,686 SF
    • 2.93 lot acres
    For Lease
    $1,500/Mo
    View Listing →
    Industrial Land For Rent For Lease
    $1,500/Mo

    Industrial Land For Rent

    Located in Lexington, SC, ideal for industrial tenants.

    245 Laurel Rd, Lexington, SC
    View Listing
    Property ID
    US77-0929641
    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
    $1,300,000
    Cap Rate Potential
    4.4%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 245 Laurel Rd

    Year built
    1985
    Lot size
    2.93 lot acres
    Property size
    7,686 SF
    Zone code
    ID
    Property type
    Warehouses
    APN
    004498-03-075
    APU
    449803075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,300,000
      ML approach
      $1,300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $960,000
      6.5%
      $890,000
      7%
      $825,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,870,000
      RESTAURANT
      $1,850,000
      MEDICAL BUILDING
      $1,630,000
      OFFICE BUILDING
      $1,025,000
      COMMERCIAL (GENERAL)
      $925,000
      RETAIL STORES
      $870,000
      NEIGHBORHOOD: SHOPPING CENTER
      $815,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lexington
    State
    South Carolina
    Longitude
    -81.1774
    Latitude
    33.9793
    CBSA code
    17900
    CBSA name
    COLUMBIA, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,867
    $7,185
    $7,578
    $14,763
    -
    $265,364
    $126,307
    $391,671

    Comparable in this City

    • Value Estimation
      $505,000
      6,000 SF

      170 Little Dogwood Ct

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      170 Little Dogwood Ct, Lexington, SC 29073-8803
      View Details
    • Value Estimation
      $1,115,000
      12,000 SF

      5950 Edmund Hwy

      WAREHOUSE, STORAGE • 12,000 SF
      5950 Edmund Hwy, Lexington, SC 29073-7573
      View Details
    • Value Estimation by Request
      2,961 SF

      242 Robin Rd

      WAREHOUSE, STORAGE • 2,961 SF
      242 Robin Rd, Lexington, SC 29073
      View Details
    • Value Estimation by Request
      2,800 SF

      124 Blackjack Oak Ln

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      124 Blackjack Oak Ln, Lexington, SC 29073-7081
      View Details
    • Value Estimation
      $1,260,000
      12,954 SF

      253 Dooley Rd

      WAREHOUSE, STORAGE • 12,954 SF
      253 Dooley Rd, Lexington, SC 29073-7614
      View Details
    • Value Estimation by Request
      5,000 SF

      5909 Edmund Hwy

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      5909 Edmund Hwy, Lexington, SC 29073-7574
      View Details

    Similar Nearby for Sale

    • New
      $799,000
      3.52 Acres

      Versatile Office Building with Expansion Potential

      4,000 SF office building on 3.52 acres in Lexington.
      6204 Edmund Hwy, Lexington, SC 29073
      View Details
    • New
      $799,000
      4,090 SF

      Versatile Commercial Property on Edmund Highway

      Commercial property with restaurant and warehouse in Lexington, SC.
      6196 Edmund Hwy, Lexington, SC 29073
      View Details
    • $245,000
      14.85 Acres

      Lexington Acreage Near White Knoll

      14.85 acres of land in Lexington County, South Carolina.
      Platt Springs Rd, Lexington, SC 29073
      View Details
    • $999,999
      3.62 Acres

      Commercial Land Near Retail Centers

      3.62 acre commercial land parcel in Lexington, South Carolina.
      5119 Backman Ave, Lexington, SC 29073
      View Details
    • Contact for pricing

      6.05 Acres I-20 Frontage

      6.05 acres of land with I-20 frontage.
      1018 Two Notch Rd, Lexington, SC 29073
      View Details
    • Contact for pricing
      3,400 SF

      Former Day Care Center

      Solid building suitable for elderly care or small business.
      109 Lisa Dr, Lexington, SC 29073
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,775 SF

      Office/Warehouse Space with Highway Access

      Office and warehouse space suitable for small businesses.
      2676 S Lake Dr, Lexington, SC 29073
      View Details
    • Contact for pricing

      Flex Space in Red Bank

      Flex space for lease in the Red Bank area.
      5119 Backman Ave, Lexington, SC 29073
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Lexington Center

      Retail space available within a Walmart-anchored shopping center.
      1788 S Lake Dr, Lexington, SC 29073
      View Details
    • Contact for pricing

      Retail Development on Two Notch

      Freestanding retail development with high traffic exposure, coming soon.
      1424 Two Notch Rd, Lexington, SC 29073
      View Details
    • Contact for pricing

      Retail Space on Augusta Road

      Retail spaces available in an established shopping center.
      4360 Augusta Rd, Lexington, SC 29073
      View Details
    • Contact for pricing

      Retail/Office Spaces For Lease

      Retail and office spaces available for lease in Lexington, SC.
      364 Longs Pond Rd, Lexington, SC 29073
      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.
    245 Laurel Rd
    Lexington, SC 29073
    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
    245 Laurel Rd, Lexington, SC, 29073
    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!