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

    241 Wilder Dr Spartanburg, SC 29301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land in a strong retail corridor near multiple retailers.

    Lot size:
    1.60 Acres

    Property Features for 241 Wilder Dr

    General Information

    Lot size
    1.60 Acres

    We can help!

    Listing Contact
    Grayson Atkins
    Grayson Atkins
    Source: Moodyscre

    Listing Agency: Spencer/Hines Properties Listing Agent: Grayson Atkins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Land in Retail Corridor

    This land is strategically located on Reidville Road in a strong retail corridor. Nearby retailers include Walgreens, QuikTrip, Denny’s, Dunkin Donuts, Dominos, and Food Lion. The property is close to schools, churches, hotels, shopping, and restaurants. Traffic counts were estimated at a certain level in 2022.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.99278
    Latitude
    34.92128

    Nearby Similar for Sale

    • New
      $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
    • $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
    • $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
    • New
      $799,000
      2,900 SF

      Versatile Commercial Property in Spartanburg

      Functional commercial space with expansion potential near downtown Spartanburg.
      449 W Centennial St, Spartanburg, SC 29303
      View Details
    • New
      $316,500
      2,125 SF

      East Main Street Commercial Opportunity

      High-visibility commercial space in a high-traffic corridor.
      516 E Main St, Spartanburg, SC 29302
      View Details
    • $395,000
      0.17 Acres

      Spartanburg Quad Investment Opportunity

      Four-unit multifamily property with income potential near downtown Spartanburg.
      156 Garrett St, Spartanburg, SC 29302
      View Details
    • New
      $399,990
      0.31 Acres

      New Construction Duplex in Spartanburg

      New construction duplex near W Main St with no HOA.
      142/144 Andover Rd, Spartanburg, SC 29322
      View Details
    • New
      $975,000
      2.29 Acres

      Six-Unit Multifamily Investment Opportunity

      Eastside Spartanburg duplexes offer steady income potential.
      108 Bentwood Cir, Spartanburg, SC 29307
      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
    • $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
    • $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
    • $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

    FAQs

    What type of property is this?
    Land - Land in a strong retail corridor near multiple retailers.
    Where is this land located?
    The property is located at 241 Wilder Dr Spartanburg, SC.
    What are key features of this property?
    This property features: - Strategically located on Reidville Road in a strong retail corridor.; - High traffic counts (2022 MPSI Est.).; - Proximity to major retailers including Walgreens, QuikTrip, Denny’s, Dunkin Donuts, Dominos, and Food Lion.
    (864) 583-1001 Call to check price and availability
    Request Owner's contact information
    241 Wilder Dr Spartanburg, SC 29301
    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.
    241 Wilder Dr
    Spartanburg, SC 29301
    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
    241 Wilder Dr Spartanburg, SC 29301
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Grayson Atkins
    Grayson Atkins
    (864) 583-1001 (864) 316-0702
    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!