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    Property profile & analytics

    5 Legrand Blvd Greenville, SC 29607-2501

    • Individual retail properties
    • 0.76 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2022
    $610,000
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0057253
    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

    • Washzone Legrand / Laundromat

    Property Details for 5 Legrand Blvd

    Year built
    1969
    Lot size
    0.76 lot acres
    Zone code
    C-3
    Property type
    Individual retail properties
    APN
    0266.00-01-011.33
    APU
    266000101133

    Description

    This thriving laundromat in Greenville, South Carolina, presents a unique investment opportunity. Located at 5 Legrand Blvd, this business enjoys a prime location off Pleasantburg Drive, a major thoroughfare boasting an estimated 41,900 vehicles daily. The 0.76-acre lot (APN 0266000101133) includes the building and the established laundromat business. The laundromat is equipped with high-quality Dexter commercial washers and dryers, ensuring efficient and reliable operation. The property is zoned MX-3. Detailed financial information and supporting documentation will be provided upon execution of a non-disclosure agreement. This turnkey operation offers a strong return on investment for a savvy buyer seeking a profitable, established business in a high-demand location. The asking price for this exceptional opportunity is $900,000. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $570,000
      ML approach
      $550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3678
    Latitude
    34.8368
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, 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
    $13,799
    $24,610
    $12,210
    $36,820
    -
    $410,120
    $203,640
    $613,760

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      1140 Pleasantburg Dr

      BARBER, HAIR SALON • 0.13 Acres
      1140 Pleasantburg Dr, Greenville, SC 29607-1256
      View Details
    • Value Estimation by Request
      0.32 Acres

      328 Pleasantburg Dr

      BARBER, HAIR SALON • 0.32 Acres
      328 Pleasantburg Dr, Greenville, SC 29607-2126
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    • Value Estimation by Request
      0.49 Acres

      387 Pleasantburg Dr

      BARBER, HAIR SALON • 0.49 Acres
      387 Pleasantburg Dr, Greenville, SC 29607-2523
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    • Value Estimation
      $2,275,000
      0.11 Acres

      5 Legacy Park Rd

      GYM, HEALTH SPA • 0.11 Acres
      5 Legacy Park Rd, Greenville, SC 29607-3941
      View Details
    • Value Estimation by Request
      1,120 SF

      207 Eastlan Dr

      BARBER, HAIR SALON • 1,120 SF
      207 Eastlan Dr, Greenville, SC 29607-2305
      View Details
    • Value Estimation
      $850,000
      0.86 Acres

      331 Pleasantburg Dr

      BARBER, HAIR SALON • 0.86 Acres
      331 Pleasantburg Dr, Greenville, SC 29607-2523
      View Details

    Similar Nearby for Sale

    • $599,000
      1,600 SF

      Retail Property on Pleasantburg Drive

      Retail property with high visibility and traffic count.
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    • $2,500,000
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      Redeveloping Laurens Road Retail Opportunity

      Retail space for sale in a redeveloping corridor.
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      Prime Greenville retail space, redevelopment opportunity.
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      Retail Property on Laurens Road

      Retail property with NNN leases, close to Downtown Greenville.
      600 Laurens Rd, Greenville, SC 29607
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    • $335,000
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      Commercial Land in Greenville, SC

      Commercial land available for sale in Greenville, South Carolina.
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      1,400 SF

      Prime Woodruff Road Restaurant Opportunity

      Former drive-in restaurant on Woodruff Rd with high traffic.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Woodruff Road

      Retail space available in high-traffic Greenville location.
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    • $30 SF/Yr
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      Office or Retail Suites Available

      Suites available for rent, ideal for office or retail tenants.
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      1,380 SF

      Retail Space For Lease

      1,380 SF retail space with great visibility and parking.
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    • $15 SF/Yr
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      Renovated Retail Space on Laurens

      Newly renovated retail suites available in high-traffic Greenville location.
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      Retail Space on Laurens Road

      Retail space with monument signage and high traffic visibility.
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    • Contact for pricing
      2,400 SF

      Retail Space on Woodruff Road

      High-visibility retail space with ample parking and easy access.
      1616 Woodruff Rd, Greenville, SC 29607
      View Details
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    5 Legrand Blvd
    Greenville, SC 29607-2501
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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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