Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant Space in Drayton Mills Title is generated by Realmo AI

    1802 Drayton Road Suite I, Spartanburg, SC 29307

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $29 SF/Yr $16,865/Mo (calc)

    Second-generation restaurant space in a historic mixed-use development.

    Property size:
    6,979 SF
    Added:
    Mar 5, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 8:21 pm

    Property Features for 1802 Drayton Road Suite I

    General Information

    Standard status
    Active
    Size
    6,979 SF

    Spaces For Lease

    at 1802 Drayton Road Suite I Contact us

    We can help!

    Listing Contact
    Ramon Garcia

    Listing agent Ramon Garcia

    Listing office

    Listing date Mar 5, 2026

    Source Bullrealty

    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 Ramon Garcia

    HighLights

    • Second‑generation restaurant space significantly reduces startup costs and time to opening.
    • Located at the entrance to the vibrant Drayton Mills mixed‑use development.
    • ±6,979 SF space within a fully restored historic mill environment.
    • High ceilings, exposed brick, large windows, and authentic mill character.
    • Located within Drayton Mills live‑work campus with 500+ residents and consistent daily foot traffic.
    • Convenient and generous on‑site parking with easy access.

    Overview

    This is a free-standing restaurant opportunity located at the entrance to the Drayton Mills mixed-use development. The property offers a second-generation space, potentially reducing startup costs and time to opening. The restaurant space is approximately 6,979 square feet and is situated within a fully restored historic mill environment. The space features high ceilings, exposed brick, large windows, and mill character. It provides walkable access to restaurants, coffee shops, retail stores, fitness centers, salons, and daily amenities. The property also offers direct connectivity to the Drayton Mills trail network for walking, biking, and outdoor activities. Convenient on-site parking is available for staff and visitors. The location is within the Drayton Mills live-work campus, which is home to over 500 residents and generates consistent daily foot traffic. The lease rate is $29 per square foot.
    Location Intelligence

    Current Use by Public Records

    Pi-Squared Pizza Restaurant 1800 Drayton Catering ... Hotel & Motel Story Church Church Flow State Spartanburg Gym & Fitness Center Habit Beverage Lounge Cafe & Coffee Shop

    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
    -81.9042
    Latitude
    34.9698

    Nearby Similar for Lease

    • $20 SF/Yr
      7,039 SF

      Premier Medical Office Space Available

      Class A medical office space in Spartanburg's prime location.
      1650 Skylyn Drive, Spartanburg, South Carolina 29307
      View Details
    • $11 SF/Yr
      2,000 SF

      Spartanburg Automotive Shop For Lease

      2,000 SF automotive shop or light industrial space available.
      51A Dexter Rd , Spartanburg , SC 29303
      View Details
    • $15 SF/Yr
      2,046 SF

      Spartanburg Storefront Retail/Office Space

      Renovated 2,046 SF retail/office space in downtown Spartanburg.
      512 E Main St, Spartanburg, SC 29302
      View Details
    • $28 SF/Yr
      53,571 SF

      Historic Mill Office Space Available

      Creative office space in a vibrant mixed-use community.
      1802 Drayton Road, Suite 140B , Spartanburg, SC 29307
      View Details
    • $22 SF/Yr
      2,073 SF

      Prime Retail Space on Main

      High-traffic retail suites in downtown Spartanburg with ample parking.
      435 E Main St, Spartanburg, SC
      View Details
    • Contact for pricing
      6,000 SF

      6,000 SF Flex Building I-85

      Flex building with lay-down yard fronting I-85.
      50 Fairview Church Rd, Spartanburg, SC 29303
      View Details
    • Contact for pricing
      74,481 SF

      Spartanburg Retail Suites For Lease

      Retail suites available in a high-traffic Spartanburg shopping center.
      2199 Southport Road, Spartanburg, SC 29302
      View Details
    • $0.96 SF/Yr
      100,000 SF

      Spartanburg Industrial Space For Lease

      Industrial buildings and truck courts for lease in Spartanburg, SC.
      212 National Ave, Spartanburg, SC 29303
      View Details
    • $12 SF/Yr
      11,900 SF

      New Industrial Facility For Rent

      New industrial facility in Spartanburg's logistics hub, ideal for warehousing.
      470 Old Greenville Rd, Spartanburg, SC 29301
      View Details
    • $700/Mo
      425 SF

      Premier Office Suite For Rent

      Executive office suite in a premier location with ample natural light.
      1451 E Main St, Spartanburg, SC
      View Details
    • $22 SF/Yr
      4,500 SF

      Retail Space with Highway Access

      4,500 SF retail space with flexible terms and visibility.
      2799 Reidville Rd, Spartanburg, SC
      View Details
    • $9 SF/Yr
      8,000 SF

      Spartanburg Warehouse Space Available

      Warehouse space for lease with easy access to major routes.
      480 Old Greenville Rd, Spartanburg, SC 29301
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Second-generation restaurant space in a historic mixed-use development.
    Where is this conventional restaurant located?
    The property is located at 1802 Drayton Road Suite I Spartanburg, SC.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: Second‑generation restaurant space significantly reduces startup costs and time to opening.; Located at the entrance to the vibrant Drayton Mills mixed‑use development.; ±6,979 SF space within a fully restored historic mill environment.
    (404) 876-1640
    We can help!
    Listing Contact
    Ramon Garcia
    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
    1802 Drayton Road Suite I, Spartanburg, SC 29307
    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!