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

    506 Laurens Rd Greenville, SC 29607-1834

    • Office buildings
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2024
    $440,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0158914
    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

    • Queen B Hair and Beauty Bar / Hair Extensions Supplier
    • VIP Vape & CBD Lounge / Tobacco Shop / Vaporizer Store
    • Queen B Spa / Spa
    • ALMED / Professional Organizer

    Property Details for 506 Laurens Rd

    Lot size
    0.18 lot acres
    Zone code
    C3
    Property type
    Office buildings
    APN
    0196.00-07-004.00
    APU
    196000700400

    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
    Greenville
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.3766
    Latitude
    34.8502
    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
    $2,691
    $3,080
    $3,520
    $6,600
    -
    $51,300
    $58,590
    $109,890

    Comparable in this City

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      2.07 Acres

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      OFFICE BUILDING (MULTI-STORY) • 2.07 Acres
      3 Research Dr, Greenville, SC 29607-5215
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    • Value Estimation
      $660,000
      3.96 Acres

      430 Woodruff Rd

      OFFICE BUILDING • 3.96 Acres
      430 Woodruff Rd, Greenville, SC 29607-3495
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      0.44 Acres

      465 Woodruff Rd

      OFFICE BUILDING • 0.44 Acres
      465 Woodruff Rd, Greenville, SC 29607-3417
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      0.40 Acres

      2098 Woodruff Rd

      OFFICE BUILDING • 0.40 Acres
      2098 Woodruff Rd, Greenville, SC 29607-5939
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      0.20 Acres

      2090 Woodruff Rd

      OFFICE BUILDING • 0.20 Acres
      2090 Woodruff Rd, Greenville, SC 29607-5939
      View Details
    • Value Estimation by Request

      880 Pleasantburg Dr

      OFFICE BUILDING
      880 Pleasantburg Dr, Greenville, SC 29607-2422
      View Details

    Similar Nearby for Sale

    • $900,000
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      Office Building Near Laurens Road

      Two-story office building with ample parking and updated suite.
      8 Sycamore Dr, Greenville, SC 29607
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    • Contact for pricing
      92,614 SF

      Greenville Office Building For Sale

      92,614 SF office building on 4.757 acres in Greenville.
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    • $6,789,142
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      Office Building For Sale

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      Greenville Medical Office Building

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      Office Space in Greenville, SC

      Office space for sale in Greenville, South Carolina.
      232 Adley Way, Greenville, SC 29607
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    • $3,400,000
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      Versatile Warehouse/Flex Property For Sale

      Warehouse/flex property with redevelopment potential in a high-traffic commercial area.
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    Similar Nearby for Lease

    • $15 SF/Yr
      7,764 SF

      Single Story Office Building

      106,649 SF single-story office building available for lease.
      1100 Brookfield Blvd, Greenville, SC 29607
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    • $6,000,000
      31,835 SF

      Office/Flex Building with Warehouse

      Single-story office/flex building with warehouse and ample parking.
      127 Tanner Rd, Greenville, SC 29607
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    • Contact for pricing
      7,000 SF

      Parcel C: Prime Office Space Available

      New 7,000 SF Office Building, Build-to-Suit
      99 Stenhouse Dr, Greenville, SC 29607
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    • $17 SF/Yr
      3,351 SF

      Office Space For Rent

      Office space available for lease in Greenville, SC.
      850 S Pleasantburg Dr, Greenville, SC 29607
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    • $26 SF/Yr
      5,000 SF

      Greenville Executive Office Space

      Prime Greenville location, 1,226 sq ft available.
      1411 Laurens Rd, Greenville, SC 29607
      View Details
    • $30 SF/Yr
      18,088 SF

      Office or Retail Suites Available

      Suites available for rent, ideal for office or retail tenants.
      1140 E Butler Rd, Greenville, SC 29607
      View Details
    Request Owner's contact information
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    506 Laurens Rd
    Greenville, SC 29607-1834
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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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