Add Listing
    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

    14 Wedgefield Dr Boiling Springs, SC 29316

    Sponsored
    For Sale
    $220,000

    1,782 sq ft Duplex, Excellent Location

    Property size:
    1,782 SF

    Property Features for 14 Wedgefield Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,782 SF
    Price / Square Foot
    $123
    Class
    C
    Elevators
    N/A
    Lot Size
    1,782 SF

    Building Details

    Year Built
    1979
    Buildings
    2
    Stories
    1

    Overview

    Boiling Springs Multifamily Investment Property

    This multifamily property, located in Boiling Springs, South Carolina, presents an investment opportunity. The property consists of a 1,782 square foot duplex with two units, each featuring two bedrooms and one bathroom. Situated on a quiet street with minimal through traffic, the property offers convenient access to Highway 9 and is approximately one minute from Sherman College. Unit A currently commands a monthly rent of $700 with a lease expiring October 31, 2024, while Unit B rents for $819.25 per month, with a lease expiring June 30, 2025. The property sits on a 0.04-acre lot and is identified by Spartanburg County TMS#: 2-50-12-103.00. This property offers potential for strong rental income and is situated in a desirable location within the thriving Boiling Springs community. Further details regarding financials are available upon request. The opportunity to acquire neighboring duplexes also exists.

    We can help!

    Listing Contact
    Carl Hocker

    Learn more

    Property Insight Report

    HighLights

    • $220,000 multifamily property in Boiling Springs, SC.
    • Two units, each with two bedrooms and one bathroom.
    • Convenient location near Highway 9 and Sherman College.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Daycare Center HVAC Service

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

    Location Insight

    City
    Boiling Springs
    State
    South Carolina

    Nearby Similar for Sale

    • $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
    • New
      $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
    • New
      $290,000
      2,108 SF

      Boiling Springs Duplex For Sale

      2,108 sqft duplex in the heart of Boiling Springs, SC.
      1608 Springfield Rd, Boiling Springs, SC 29316
      View Details
    • $410,000

      Boiling Springs Duplex with Garages

      Duplex with modern finishes, garages, and large yard.
      781/783 Berry Rd, Boiling Springs, SC 29316
      View Details
    • New
      $369,000
      0.95 Acres

      Boiling Springs Duplex For Sale

      Duplex in Boiling Springs, SC available for purchase.
      37 Wedgefield Dr, 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

      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
    • Contact for pricing

      New Construction Caliber Collision Property

      New construction build-to-suit property with corporate-guaranteed lease.
      2527 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    • $3,760,000

      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
    • Contact for pricing
      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

    FAQs

    What type of property is this?
    Multifamily property - 1,782 sq ft Duplex, Excellent Location
    Where is this multifamily property located?
    The property is located at 14 Wedgefield Dr Boiling Springs, SC.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: $220,000 multifamily property in Boiling Springs, SC.; Two units, each with two bedrooms and one bathroom.; Convenient location near Highway 9 and Sherman College.
    (864) 680-7654
    Request Owner's contact information
    14 Wedgefield Dr 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.
    14 Wedgefield Dr
    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
    14 Wedgefield Dr 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
    Carl Hocker
    (864) 680-7654
    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!