Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1770 Old Furnace Rd Boiling Springs, SC 29316

    Sponsored
    For Sale
    $349,900

    Other - Boiling Springs, SC

    Lot size:
    0.52 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 6 at 5:06 pm

    Property Features for 1770 Old Furnace Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Level
    Lot size
    0.52 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Angela Hunt

    THE PONCE REALTY GROUP, LLC. (864) 485-2622

    Listing agent Angela Hunt (864) 285-4445 License #78744

    Listing date Jan 14, 2026

    MLS# 332587 Listing URL

    Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Site on Old Furnace

    This property, situated on over half an acre on Old Furnace Road in Boiling Springs, Spartanburg County, South Carolina, is currently listed for sale. Most recently used as a car lot, the property is considered a potentially suitable commercial site. A house is located on the property, but it is given little to no value in the listing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.98743
    Latitude
    35.046314

    Nearby Similar for Sale

    • $369,000
      1.00 Acre

      Updated Duplex on One Acre

      Turn-key investment opportunity with furnishings included near Spartanburg Regional.
      37 Wedgefield Dr, Boiling Springs, SC 29316
      View Details
    • $369,000
      0.95 Acres

      Boiling Springs Duplex on Large Lot

      Duplex in Boiling Springs, SC, on a 0.95-acre lot.
      37 Wedgefield Dr, Boiling Springs, SC 29316
      View Details
    • $719,900
      2.05 Acres

      Boiling Springs Investment Opportunity

      Six properties on 2.05 acres in Boiling Springs.
      1210 Upper Valley Falls Rd, Boiling Springs, SC 29316
      View Details
    • $525,000
      2,200 SF

      Remodeled Office with Drive-Thru

      Completely remodeled office space with drive-thru in Boiling Springs.
      8715 Asheville Hwy Hwy, Boiling Springs, SC 29316
      View Details
    • $1,198,000
      1.00 Acre

      Versatile Commercial Building on Highway 9

      Adaptable two-story building in high-growth Boiling Springs.
      4324 9 Hwy, Boiling Springs, SC 29316
      View Details
    • Contact for pricing
      50,400 SF

      Newly Constructed Storage/Industrial Facility

      50,400 SF building ideal for industrial or self-storage use.
      120 Birds Eye Vw, Boiling Springs, SC 29316
      View Details
    • $3,560,000

      New Mavis Tires & Brakes

      New Mavis Tires & Brakes with corporate guaranteed lease.
      3810 Boiling Spg Rd, Boiling Springs, SC
      View Details
    • $525,000

      Remodeled Office Space For Sale

      Completely remodeled office space with drive-thru and rear entry.
      8715 Asheville Hwy, Boiling Springs, SC 29316
      View Details
    • $300,000
      1,556 SF

      Retail Property in Boiling Springs

      Retail property available for sale in Boiling Springs, SC.
      140 Schoolyard Rd, Boiling Springs, SC 29316
      View Details
    • $334,000
      1,556 SF

      Boiling Springs Retail Opportunity

      Daycare Building, 1556 SF, $334,000
      140 Schoolyard Rd, Boiling Springs, SC 29316
      View Details
    • $650,000
      2,461 SF

      Boiling Springs Executive Office

      Prime office conversion, 2,461 sq ft.
      125 Mccullugh Rd, Boiling Springs, SC 29316
      View Details

    FAQs

    What type of property is this?
    Car wash - Over 1/2 acre commercial site on Old Furnace Road.
    Where is this car wash located?
    The property is located at 1770 Old Furnace Rd Boiling Springs, SC.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Over 1/2 acre lot size; - Located on Old Furnace Rd; - Suitable for commercial site development
    (864) 205-9199
    Request Owner's contact information
    1770 Old Furnace Rd Boiling Springs, SC 29316
    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.
    1770 Old Furnace Rd
    Boiling Springs, SC 29316
    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
    1770 Old Furnace Rd Boiling Springs, SC 29316
    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

    We can help!
    Listing Contact
    Angela Hunt
    Real Estate License ID: 78744
    (864) 205-9199
    Learn more
    Google sign-in failed. Please try again or use another login method.