Retail Property in Boiling
For Sale
Contact for pricing
140 Schoolyard Rd, Boiling Springs, SC
Retail property available for sale in Boiling Springs, SC.
Property Size1,556 SF
Lot Size0.57 Acres
Price / SF$192.80
Days on Market397
Property Features for 140 Schoolyard Rd
General Information
Standard status
Active
Size
1,556 SF
Lot size
0.57 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 140 Schoolyard Rd Contact us- Floor
- Bldg
- Size
- 1,556 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
140 Schoolyard Rd
Listing Agency:
McDaniel and Company
(864) 580-1131
Listed By:
Emma McDaniel · License #SC 126662
Source:
Moodyscre
Added: Jul 16, 2025
Changed: Aug 8
Last Checked: Aug 16 at 7:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McDaniel and Company
Investment Insights
Based on property information with market context.
A retail property with 1,556 square feet of space is available for sale. The property is located at 140 Schoolyard Rd, Boiling Springs, SC.
Key Highlights
- Retail property available for sale.
- Located in Boiling Springs, SC.
- Property is for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,000
$358.0K
Cap Rate 7%
$255,714
$255.7K
Cap Rate 9%
$198,889
$198.9K
Market Conditions
NOI Build-Up for 1,556 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$28.0K $18.00/SF
− Vacancy
−$2.4K −$1.57/SF
EGI
$25.6K $16.43/SF
− OpEx
−$7.7K −$4.93/SF
NOI
$17.9K $11.50/SF
Area
Spartanburg County, SC
Vacancy
8.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$358,000
Cap Rate 7%
$255,714
Cap Rate 9%
$198,889
Alternative Uses
Best Use
Retail
$255.7K
$223.8K – $298.3K
NOI $17,900 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,557 @ 7.0% cap · market cap 28.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
557k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 34%
Shops & Services 18%
Groceries 4%
Walmart
Superstores
105,866 visits/mo
0.5 miles
Target
Superstores
83,687 visits/mo
0.3 miles
Chick-fil-A
Dining
40,882 visits/mo
0.3 miles
QuikTrip
Shops & Services
29,424 visits/mo
0.3 miles
McDonald's
Dining
24,514 visits/mo
0.3 miles
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - Retail property available for sale in Boiling Springs, SC.
Where is this retail property located?
The property is located at 140 Schoolyard Rd Boiling Springs, SC.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Retail property available for sale.; Located in Boiling Springs, SC.; Property is for sale.
