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    3000 Old Laurens Rd Greenwood, SC 29649
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    Property profile & analytics

    3000 Old Laurens Rd Greenwood, SC 29649

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    • Residential land & home lots
    Off-Market
    Property ID
    US77-2388014
    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

    • Residential land & home lots

    Property Details for 3000 Old Laurens Rd

    Property type
    Residential land & home lots
    Property subtype
    Industrial land

    Description

    Located less than two minutes from Greenwood County Airport, the Greenwood Airport Commerce Park is comprised of approximately 636.55 acres. The property’s size and existing wetlands make it attractive to a wider class of development opportunities, as it is suited for both industrial and residential usage. The property is a quick drive to Lake Greenwood (approximately five minutes) and Downtown Greenwood (15 minutes) and is less than an hour from I-26 and the I-85 corridor. Potential State and County tax incentives available. Large Tract Development Opportunity - Includes 4 sites totaling 1,142.2 AC in Greenwood County. Other available properties include: Puckett Ferry Rail Site (118.07 AC with rail access) Greenwood East Rail Park (298.80 AC with rail access) Emerald Industrial Site (88.80 AC)

    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
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1388832
    Latitude
    34.2614262

    Comparable in this City

    • $4,596,050

      Puckett Ferry Rail Site

      116.3 acres with rail access in Greenwood's industrial corridor.
      308 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • $375,000
      30.90 Acres

      Greenwood Land Tract For Sale

      30.9 acres of I-1 zoned land in Greenwood, SC.
      Kelley Rd, Greenwood, SC 29649
      View Details
    • $8,366,400

      Greenwood East Rail Park Site

      298.80 acre industrial site with rail access.
      Old Brickyard Rd, Greenwood, SC 29649
      View Details
    • New
      $209,475
      22.05 Acres

      22.05 Acres Ready-to-Build Land

      Flat, versatile land suitable for residential or agricultural use.
      Highway 178 S, Greenwood, SC 29649
      View Details
    • $209,475
      22.05 Acres

      Greenwood Land Ready to Build

      22.05-acre tract ready for residential or agricultural use.
      Highway 178 S, Greenwood, SC 29649
      View Details
    • New
      $209,475
      22.05 Acres

      22.05 Acres Ready-to-Build Tract

      22.05-acre tract suitable for residential or agricultural use.
      00 Highway 178 S, Greenwood, SC 29649
      View Details

    Similar Nearby for Sale

    • $4,596,050

      Puckett Ferry Rail Site

      116.3 acres with rail access in Greenwood's industrial corridor.
      308 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • $375,000
      30.90 Acres

      Greenwood Land Tract For Sale

      30.9 acres of I-1 zoned land in Greenwood, SC.
      Kelley Rd, Greenwood, SC 29649
      View Details
    • $8,366,400

      Greenwood East Rail Park Site

      298.80 acre industrial site with rail access.
      Old Brickyard Rd, Greenwood, SC 29649
      View Details
    • New
      $209,475
      22.05 Acres

      22.05 Acres Ready-to-Build Land

      Flat, versatile land suitable for residential or agricultural use.
      Highway 178 S, Greenwood, SC 29649
      View Details
    • $209,475
      22.05 Acres

      Greenwood Land Ready to Build

      22.05-acre tract ready for residential or agricultural use.
      Highway 178 S, Greenwood, SC 29649
      View Details
    • New
      $209,475
      22.05 Acres

      22.05 Acres Ready-to-Build Tract

      22.05-acre tract suitable for residential or agricultural use.
      00 Highway 178 S, Greenwood, SC 29649
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      245,835 SF

      Industrial Space with High Ceilings

      Manufacturing space featuring 14 dock doors and high ceilings.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing
      7,256 SF

      Restaurant Opportunity in Greenwood, SC

      7,256 SF restaurant space with tenant improvements on 2.11 acres.
      452 Bypass 72 NW, Greenwood, SC 29649
      View Details
    • $4 SF/Yr
      53,900 SF

      Mixed-Use Building with Upgrades

      53,900 SF building with office, retail, and warehouse space.
      1405 Bypass 72 NE, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Industrial Space For Lease

      Industrial space available for lease in Greenwood, South Carolina.
      215 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
    • Contact for pricing

      Industrial Property for Lease

      Industrial property available for lease in Greenwood, SC.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
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    Greenwood, SC 29649
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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.

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    3000 Old Laurens Rd, Greenwood, SC, 29649
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