Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Boiling Springs Commercial Development Land Title is generated by Realmo AI

    300 Rainbow Lake Rd, Boiling Springs, SC 29316

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

    Call For Offers | Essentia Townhome Lots & Land

    Property size:
    653,400 SF
    Lot size:
    15.00 Acres
    Added:
    Mar 11, 2025
    Days on Market:
    439
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 300 Rainbow Lake Rd

    General Information

    Standard status
    Active
    Property type
    Other land, Residential land & home lots, Commercial land, Land
    Size
    653,400 SF
    Elevators
    N/A
    Lot size
    15.00 Acres

    We can help!

    Listing Contact
    Alex Powell

    Listing agent Alex

    Listing office

    Listing date Mar 11, 2025

    HighLights

    • Dynamic built‑for‑rent and for‑sale, mixed‑use, and residential community designed for all ages
    • Resort‑style amenities, including on‑site childcare, modern co‑working spaces, state‑of‑the‑art community & fitness center
    • Smart‑home features
    • Community garden
    • Experienced manager and property development team
    • Prime location
    • Schools:
    • Libertas Academy (K‑8) | On Site
    • Boiling Springs Elementary
    • Boiling Springs Middle
    • Boiling Springs High School

    Overview

    This 15-acre commercial land opportunity is part of the Essentia community in Boiling Springs, South Carolina. The mixed-use development features for-sale and built-to-rent residential options, including apartments, townhomes, senior housing, and cottages, catering to a diverse age range. The property includes townhome lots and boasts resort-style amenities, such as on-site childcare, modern co-working spaces, and a state-of-the-art fitness center. Smart-home features and a community garden enhance the lifestyle. The location offers convenient access to local amenities and is further enhanced by the presence of Libertas Academy (K-8) on-site, along with nearby Boiling Springs Elementary, Middle, and High Schools. The development spans approximately 110 acres overall and is situated at 300 Rainbow Lake Road and 200 McMillan Boulevard. This offering presents an investment prospect within a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office 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
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9325
    Latitude
    34.9497

    Nearby Similar for Sale

    • $235,000

      Commercial Land in Boiling Springs

      0.52-acre corner lot with high visibility near I-85.
      8275 Asheville Hwy, Boiling Springs, SC 29316
      View Details
    • $900,000

      Boiling Springs Commercial Development Opportunity

      5.21 acre commercial land with development plans in Boiling Springs.
      516 Upper Valley Falls Road, Boiling Springs, SC 29316
      View Details
    • $349,000

      Updated Duplex on One Acre

      Turn-key investment opportunity with high-end upgrades and strong rental income.
      37 Wedgefield Drive, Bolling Springs, SC 29316
      View Details
    • $410,000

      Duplex in Boiling Springs, SC

      Duplex with modern design, spacious lot, and investment potential.
      781/783 Berry Road, Boiling Springs, SC 29316
      View Details
    • $349,000

      Updated Duplex on One Acre

      Turn-key investment opportunity with high-end upgrades and strong rental income.
      37 Wedgefield Drive, Boiling Springs, SC 29316
      View Details
    • $195,000

      Boiling Springs Residential Land Parcel

      5+ acre wooded residential parcel with development potential.
      Woodshire Drive, Boiling Springs, SC 29316
      View Details
    • $350,000

      Wooded Acreage in Boiling Springs

      4+ acre wooded residential parcel in a prime location.
      8403 Valley Falls Roads, Boiling Springs, SC 29316
      View Details
    • $250,000

      Cleared Land in Boiling Springs

      2.97 acres of build-ready land in Boiling Springs, SC.
      Marlowe Road, Boiling Springs, SC 29316
      View Details
    • $900,000

      Boiling Springs Commercial Development Opportunity

      5.21 acre commercial site with development plans in Boiling Springs.
      516 Upper Valley Falls Road, Boiling Springs, SC 29316
      View Details
    • $3,760,000
      5,400 SF

      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
    • $239,000

      Boiling Springs Land For Sale

      5.3 acre parcel in Boiling Springs, SC with no restrictions.
      Berry Road, Boiling Springs, SC 29316
      View Details
    • $449,950

      Boiling Springs Acreage with Pond

      16.89 acres in Boiling Springs with serene pond.
      198 Blease Horton Rd, Boiling Springs, SC 29316
      View Details

    FAQs

    What type of property is this?
    Land - Call For Offers | Essentia Townhome Lots & Land
    Where is this land located?
    The property is located at 300 Rainbow Lake Rd Boiling Springs, SC.
    What are key features of this property?
    This property features: Dynamic built‑for‑rent and for‑sale, mixed‑use, and residential community designed for all ages; Resort‑style amenities, including on‑site childcare, modern co‑working spaces, state‑of‑the‑art community & fitness center; Smart‑home features
    (864) 680-5984
    We can help!
    Listing Contact
    Alex Powell
    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
    300 Rainbow Lake Rd, Boiling Springs, SC 29316
    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!