Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    302 Oglesby Creek Ln Spartanburg, SC 29303

    View on Map
    Sponsored
    For Sale
    $34,900

    Residential Lot - Spartanburg, SC

    Lot size:
    0.19 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 5 at 10:06 pm

    Property Features for 302 Oglesby Creek Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Exterior features
    Level, Open, Other/See Remarks
    Lot size
    0.19 Acres

    Building Details

    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Guadalupe Rosales

    THE ROSALES GROUP@KW (864) 590-5401

    Listing agent Guadalupe Rosales (864) 327-7050 License #52507

    Listing date Feb 26, 2026

    MLS# 334037 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

    Residential Lot in Spartanburg, SC

    This 0.19-acre residential lot is located in the Shoally Brook subdivision in Spartanburg, SC. The property offers an opportunity to build a home, with public water access available. Situated approximately 5 minutes from Highway 9, the lot provides convenient access to shopping and dining. The property is located in a growing neighborhood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Auto Parts Store Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.939641
    Latitude
    35.029967

    Nearby Similar for Sale

    • $349,900
      3,445 SF

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive use.
      250 Cedar Springs Ave, Spartanburg, SC 29302
      View Details
    • $349,900
      3,445 SF

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive uses.
      250 Cedar Springs Ave, Spartanburg, SC 29302
      View Details
    • $624,900
      12,500 SF

      Versatile Commercial Property in Spartanburg

      12,500 SF commercial property suitable for various business uses.
      8202 Maxwell Cir, Spartanburg, SC 29303
      View Details
    • $399,000
      0.20 Acres

      New Construction Duplex Near Main

      New construction duplex near Main Street and Hwy 29 in Spartanburg.
      275 Vanderbilt Rd, Spartanburg, SC 29301
      View Details
    • $394,999
      0.20 Acres

      New Construction Duplex in Spartanburg

      New 2025 duplex near Main Street and Hwy 29.
      267 Vanderbilt Rd, Spartanburg, SC 29301
      View Details
    • $110,000
      3,388 SF

      Spartanburg Flex Space For Sale

      3,388 SF flex space with conversion potential in Spartanburg.
      100 Clary Dr, Spartanburg, SC 29303
      View Details
    • $110,000
      3,388 SF

      Versatile Mixed-Use Spartanburg Property

      3388 sq ft mixed-use property with conversion potential in Spartanburg.
      100 Clary Dr, Spartanburg, SC 29303
      View Details
    • $435,000
      0.69 Acres

      New Duplex Near Interstate 85

      2022 duplex with quality finishes, great location, and income potential.
      433 Burns Rd, Spartanburg, SC 29307
      View Details
    • $200,000
      1,800 SF

      Retail and Residential Income Property

      Investment opportunity with retail space and tenant-occupied mobile home.
      170 S Blackstock Rd, Spartanburg, SC 29301
      View Details
    • $275,000

      Commercial Property Near Major Hospital

      Strategically located commercial property suited for medical or professional services.
      681 Chesnee Highway Ext, Spartanburg, SC 29303
      View Details
    • $239,000
      0.44 Acres

      Well-Maintained Duplex in Spartanburg, SC

      Single-level duplex with solid rental history, ideal for investors.
      3030/3028 Benjamin Rd, Spartanburg, SC 29307
      View Details
    • $200,000
      0.71 Acres

      Spartanburg Multi-Use Investment Opportunity

      Investment property with tenants in place near Spartanburg city limits.
      170 S Blackstock Rd, Spartanburg, SC 29301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.19-acre lot in Shoally Brook subdivision, convenient location.
    Where is this residential land & home lot located?
    The property is located at 302 Oglesby Creek Ln Spartanburg, SC.
    What is the asking price?
    The asking price for this property is $34,900.
    What are key features of this property?
    This property features: - Located in the desirable Shoally Brook subdivision.; - Conveniently located approximately 5 minutes from Highway 9.; - Offers easy access to shopping and dining.
    (864) 327-7050
    Request Owner's contact information
    302 Oglesby Creek Ln Spartanburg, SC 29303
    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.
    302 Oglesby Creek Ln
    Spartanburg, SC 29303
    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
    302 Oglesby Creek Ln Spartanburg, SC 29303
    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
    Guadalupe Rosales
    Real Estate License ID: 52507
    (864) 327-7050 (864) 576-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!