Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land in Spartanburg Title is generated by Realmo AI

    1599 Highway 101, Greer, SC 29651

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Strategically located land with unrivaled visibility and accessibility.

    Type:Land
    Added:
    Nov 9, 2023
    Days on Market:
    936
    Last Refresh:
    May 12 at 9:51 pm

    Property Features for 1599 Highway 101

    General Information

    Standard status
    Active
    Property subtype
    Land

    Spaces For Lease

    at 1599 Highway 101 Contact us

    We can help!

    Listing Contact
    Haydrian Lewis

    Listing agent Haydrian Lewis License #SC 111765

    Listing office RealtyLink

    Listing date Nov 9, 2023

    Source Crexi

    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 RealtyLink

    HighLights

    • Prime location at the intersection of Highway 101 and Interstate 85, offering unrivaled visibility and accessibility.
    • High‑traffic location surrounded by popular food chains, ideal for attracting customers.
    • Situated in the heart of the Upstate's industrial market, next to BMW's largest manufacturing plant worldwide.
    • Proximity to Greenville Spartanburg Airport and Greer Inland Port, facilitating logistics and transportation.
    • Gateway to a dynamic workforce, making it suitable for fast‑casual dining catering to daytime employees and travelers.
    • Located in a fast‑growing housing and industrial market anchored by BMW.

    Overview

    This land is located at the intersection of Highway 101 and Interstate 85 in Spartanburg, South Carolina. The location offers high visibility and accessibility. The surrounding area includes food chains such as Starbucks, Burger King, Wendy's, Waffle House, and Bojangles. Situated in the heart of the Upstate's industrial market, the property is near BMW's manufacturing plant, the Greenville Spartanburg Airport, and the Greer Inland Port. The property is positioned to serve the daytime workforce and interstate travelers with fast casual dining options. It is located in a growing housing and industrial market anchored by the BMW manufacturing plant and offers access to I-85 and the Greenville/Spartanburg Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Hotel & Motel Pharmacy Department Store Food Market Auto Parts Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Greer
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.163331
    Latitude
    34.895765

    Nearby Similar for Lease

    • $585/Mo

      Furnished Office Space Available

      Furnished and unfurnished offices with included utilities and amenities.
      552 Memorial Drive Extension, Greer, SC 29651
      View Details
    • $16 SF/Yr
      10,000 SF

      Conditioned Industrial Building in Greer

      10,000 SF fully conditioned industrial building with office space.
      19 Concourse Way, Greer, SC 29650
      View Details
    • $14 SF/Yr
      2,100 SF

      Greer Retail/Office/Medical Space For Rent

      Flexible 2,100 SF space ideal for retail, office, or medical.
      1317 West Poinsett Street, Greer, SC
      View Details
    • $16 SF/Yr
      5,000 SF

      Industrial Building Near GSP Airport

      Industrial building for lease near I-85 and GSP International Airport.
      2581 E Phillips Rd , Greer, SC 29650
      View Details
    • $32 SF/Yr

      Downtown Greer Two-Story Food Destination

      Fully built-out, two-story food and beverage destination in downtown Greer.
      215 Trade St, Greer, SC 29651
      View Details
    • $10 SF/Yr
      7,540 SF

      Former Lakeview Steakhouse For Lease

      Restaurant space for lease in Greer with patio and river views.
      3100 N Hwy 14, Greer, SC
      View Details
    • Contact for pricing
      5,000 SF

      Historic Greer Mill Mixed-Use Space

      Vibrant mixed-use community with retail, restaurant, and office opportunities.
      300 Connecticut Avenue, Greer, South Carolina 29650
      View Details
    • $12 SF/Yr
      7,540 SF

      Greer Restaurant Space For Lease

      Former Lakeview Steakhouse available for lease on Hwy 14 in Greer.
      3100 South Carolina 14, Greer, SC 29651
      View Details
    • $14 SF/Yr
      3,600 SF

      Furnished Office and Warehouse Space

      Furnished office and warehouse space available for lease.
      5 Northway Ct, Greer, SC
      View Details
    • Contact for pricing
      41,970 SF

      Industrial Space Near Inland Port

      Class A industrial park with flexible space near key locations.
      311 Genoble Rd, Greer, South Carolina 29651
      View Details
    • $33 SF/Yr

      Retail Space For Rent

      Retail space available for rent, family-focused opportunities.
      5 Moorlyn Lane, Greer, SC 29650
      View Details
    • $30 SF/Yr
      1,700 SF

      Drive-Thru Endcap Retail Space

      Retail space available with drive-thru, 1,700-11,900 SF.
      1963 SC-101, Greer, SC
      View Details

    FAQs

    What type of property is this?
    Commercial land - Strategically located land with unrivaled visibility and accessibility.
    Where is this commercial land located?
    The property is located at 1599 Highway 101 Greer, SC.
    What are key features of this property?
    This property features: Prime location at the intersection of Highway 101 and Interstate 85, offering unrivaled visibility and accessibility.; High‑traffic location surrounded by popular food chains, ideal for attracting customers.; Situated in the heart of the Upstate's industrial market, next to BMW's largest manufacturing plant worldwide.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Haydrian Lewis
    Real Estate License ID: SC 111765
    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
    1599 Highway 101, Greer, SC 29651
    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!