Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    33-Acre Land Near Drayton Mills Title is generated by Realmo AI

    315 Sloan St, Spartanburg, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    33 acres near Drayton Mills and Trail in Spartanburg, SC.

    Type:LAND
    Lot size:
    33.10 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    274
    Last Refresh:
    Apr 5 at 11:29 pm

    Property Features for 315 Sloan St

    General Information

    Standard status
    Active
    Lot size
    33.10 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    John Montgomery, SIOR

    Listing agent John Montgomery, SIOR

    Listing office Colliers | Spartanburg

    Listing date Aug 11, 2025

    Source Moodyscre

    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 Colliers | Spartanburg

    HighLights

    • Prime location in the desirable East Side of Spartanburg.
    • Close proximity to Drayton Mills and the Drayton Mills Trail.
    • 33‑acre property size.
    • Significant potential for park development and/or scenic trails.
    • Ideal for outdoor recreational opportunities.
    • Located near multiple established neighborhoods and retail centers.

    Overview

    This 33-acre property is situated in a prime location with close proximity to Drayton Mills and the Drayton Mills Trail, making it ideal for those looking for access to outdoor recreational opportunities within an attractive, growing community. The property is located near multiple established neighborhoods and retail centers in the desirable East Side of Spartanburg and has significant potential for park development and scenic trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    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
    -81.914
    Latitude
    34.9641

    Nearby Similar for Sale

    • $324,900

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive uses.
      250 Cedar Springs Avenue, Spartanburg, SC 29302
      View Details
    • $749,000
      2,900 SF

      Versatile Commercial Property in Spartanburg

      Functional space with expansion potential near Downtown Spartanburg.
      449 W Centennial Street, Spartanburg, SC 29303
      View Details
    • $749,000

      Versatile Commercial Property in Spartanburg

      Commercial property with flexible opportunities for office, retail, or service.
      449 W Centennial Street, Spartanburg, SC 29303
      View Details
    • $374,999
      3,400 SF

      Commercial Building Renovation Opportunity

      Commercial building on half acre with renovation in progress.
      706 W Main Street, Spartanburg, SC 29303
      View Details
    • $316,500
      2,125 SF

      East Main Street Commercial Opportunity

      High-visibility commercial space in a high-traffic corridor.
      516 E Main Street, Spartanburg, SC 29302
      View Details
    • $1,125,000
      6,551 SF

      Child Care Facility and Sanctuary

      Turn-key child care and church facility in Spartanburg, SC.
      95 Ashley Street, Spartanburg, SC 29307-5102
      View Details
    • $324,900
      3,445 SF

      Versatile Commercial Building in Spartanburg

      Adaptable commercial building suitable for office, retail, or automotive uses.
      250 Cedar Springs Avenue, Spartanburg, SC 29302
      View Details
    • $374,999

      Spartanburg Commercial Renovation Opportunity

      Commercial building with renovation underway, offering significant upside potential.
      706 W main Street, Spartanburg, SC 29303
      View Details
    • $425,000
      2,448 SF

      New Duplex in Spartanburg, SC

      New duplex with 3 beds, 2 baths, and garage.
      242/246 Brewton Road, Spartanburg, SC 29301
      View Details
    • $425,000
      2,448 SF

      New Duplex in Spartanburg, SC

      New duplex with garages, open floor plan, and modern amenities.
      250/254 Brewton Road, Spartanburg, SC 29301
      View Details
    • $425,000
      2,448 SF

      New Duplex in Spartanburg, SC

      New duplex with 3 bedrooms, 2 bathrooms, and single car garage.
      242/246 Brewton Road, Spartanburg, SC 29301
      View Details
    • $425,000
      2,448 SF

      New Duplex in Spartanburg, SC

      New duplex with 3 beds, 2 baths, and single garage.
      250/254 Brewton Road, Spartanburg, SC 29301
      View Details

    FAQs

    What type of property is this?
    Land - 33 acres near Drayton Mills and Trail in Spartanburg, SC.
    Where is this land located?
    The property is located at 315 Sloan St Spartanburg, SC.
    What are key features of this property?
    This property features: Prime location in the desirable East Side of Spartanburg.; Close proximity to Drayton Mills and the Drayton Mills Trail.; 33‑acre property size.
    (864) 357-1789 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    John Montgomery, SIOR
    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
    315 Sloan St, Spartanburg, SC
    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!