Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Boiling Springs Commercial Development Opportunity Title is generated by Realmo AI

    516 Upper Valley Falls Road, Boiling Springs, SC 29316

    View on Map
    Claim this Listing
    For Sale
    $900,000

    Commercial Site - Boiling Springs, SC

    Lot size:
    5.21 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    339
    Last Refresh:
    May 17 at 12:06 am

    Property Features for 516 Upper Valley Falls Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Exterior features
    Level, Open
    Standard status
    Active
    Lot size
    5.21 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gerardo Trevino

    Listing agent Gerardo Trevino License #126734

    Listing office RE/MAX REACH 787 E BUTLER RD STE E, MAULDIN, SC

    Listing date Jun 13, 2025

    MLS# 325231 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.

    HighLights

    • Approved engineering plans for a 14‑unit duplex development included, allowing for immediate construction.
    • Located in the rapidly growing Boiling Springs area with unmatched visibility from I‑85.
    • Dual entry points from Upper Valley Falls Rd and Riviera Dr.
    • Existing duplex structure on‑site for potential passive income or use as a base of operations.
    • Zoned for commercial use, offering flexibility for various development options.
    • Minutes from Pine St, Asheville Hwy, USC Upstate, and Sherman College.

    Overview

    This 5.21-acre property is located in the rapidly growing Boiling Springs area. It offers visibility from I-85 and dual entry points. The property is positioned within minutes of Pine St, Asheville Hwy, USC Upstate, and Sherman College. The property comes with professionally designed and county-approved engineering plans for a 14-unit duplex development. The approved layout spans 8 total lots, with 7 lots for duplexes and 1 lot for a retention pond. The sale includes all development plans, giving a new buyer the ability to start construction. The site already features access to an existing duplex structure. With access points from Upper Valley Falls and Riviera Dr, the lot offers flexible entry and exit options. This parcel can also be zoned for commercial use. With high daily traffic counts on I-85, this is a perfect spot for a business seeking premium signage exposure. The land offers a turnkey development community in a high-demand location with great visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Auto Parts Store Electrical Service (Bike/Boat/Book/etc) Store

    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
    -81.9325
    Latitude
    34.9497

    Nearby Similar for Sale

    • $900,000

      Boiling Springs Commercial Development Opportunity

      5.21 acre commercial site with development plans in Boiling Springs.
      516 Upper Valley Falls Road, Boiling Springs, SC 29316
      View Details
    • $235,000

      Commercial Land in Boiling Springs

      0.52-acre corner lot with high visibility near I-85.
      8275 Asheville Hwy, Boiling Springs, SC 29316
      View Details
    • $349,000

      Updated Duplex on One Acre

      Turn-key investment opportunity with high-end upgrades and strong rental income.
      37 Wedgefield Drive, Bolling Springs, SC 29316
      View Details
    • $410,000

      Duplex in Boiling Springs, SC

      Duplex with modern design, spacious lot, and investment potential.
      781/783 Berry Road, Boiling Springs, SC 29316
      View Details
    • $349,000

      Boiling Springs Duplex For Sale

      Duplex in Boiling Springs, SC on a 0.95-acre lot.
      37 Wedgefield Drive, Boiling Springs, SC 29316
      View Details
    • $195,000

      Boiling Springs Residential Land Parcel

      5+ acre wooded residential parcel with development potential.
      Woodshire Drive, Boiling Springs, SC 29316
      View Details
    • $350,000

      Wooded Acreage in Boiling Springs

      4+ acre wooded residential parcel in a prime location.
      8403 Valley Falls Roads, Boiling Springs, SC 29316
      View Details
    • $250,000

      Cleared Land in Boiling Springs

      2.97 acres of build-ready land in Boiling Springs, SC.
      00 Marlowe Road, Boiling Springs, SC 29316
      View Details
    • $3,760,000
      5,400 SF

      New Retail Building Near Target

      New two-tenant retail building with long-term leases near Target.
      861 Double Bridge Rd, Boiling Springs, SC 29316
      View Details
    • $449,950

      Boiling Springs Acreage with Pond

      16.89 acres in Boiling Springs with serene pond.
      198 Blease Horton Rd, Boiling Springs, SC 29316
      View Details
    • $68,900

      Residential Lot in Boiling Springs

      Residential lot in a high-end community, ready to build.
      3009 English Cottage Way, Boiling Springs, SC 29316
      View Details
    • $68,900

      Residential Lot in Boiling Springs

      Residential lot in a high-end community, ready to build.
      3013 English Cottage Way, Boiling Springs, SC 29316
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.21 acre commercial site with development plans in Boiling Springs.
    Where is this commercial land located?
    The property is located at 516 Upper Valley Falls Road Boiling Springs, SC.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Approved engineering plans for a **14‑unit duplex development included**, allowing for immediate construction.; Located in the rapidly growing Boiling Springs area with **unmatched visibility from I‑85**.; Dual entry points from Upper Valley Falls Rd and Riviera Dr.
    (864) 612-8366
    We can help!
    Listing Contact
    Gerardo Trevino
    Real Estate License ID: 126734
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    516 Upper Valley Falls Road, Boiling Springs, SC 29316
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!