Building Details

Flooring type Concrete

Listing Agency: Keller Williams Realty p***@kw.com Show Phone

Listed By: John Smith · License #45305 Show Phone

Added: Dec 30, 2025 Changed: Oct 8 Last Checked: Oct 14 at 2:06AM

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MLS# 332084

Copyright © 2026 Spartanburg Association of REALTORS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

The 4.24-acre property includes a 3,000-square-foot storage building with 28 individual units and an 1,800-square-foot warehouse with office space and a restroom. The storage units comprise 12 units measuring 5x10, 8 measuring 10x20 and 8 measuring 10x10. Concrete flooring and heat-pump heating and cooling are listed, along with public water.

The property is on Highway 9, approximately 5 miles from I-85 and 3.4 miles from I-26.

Key Highlights

• 4.24‑acre property on Highway 9
• 3,000‑square‑foot storage building with 28 individual units
• Unit mix: 12 - 5x10 units, 8 - 10x20 units and 8 - 10x10 units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$260,844

Cap Rate

8.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,216,880 $5.2M

Cap Rate 7%

$3,726,343 $3.7M

Cap Rate 9%

$2,898,267 $2.9M

Market Conditions

NOI Build-Up for 4,800 SF

Gross rent

$339.8K $70.80/SF

− Vacancy

−$33.0K −$6.87/SF

EGI

$306.9K $63.93/SF

− OpEx

−$46.0K −$9.59/SF

NOI

$260.8K $54.34/SF

Area

Spartanburg County, SC

Vacancy

9.70%

Lease Rate

$70.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,216,880

Cap Rate 7%

$3,726,343

Cap Rate 9%

$2,898,267

Alternative Uses

Best Use

Warehouse

$3.73M

$3.26M – $4.35M (±1% cap)

NOI $260,844 @ 7.0% cap · market cap 8.70%

Second Best

Self Storage

$646.3K

$565.5K – $754.0K (±1% cap)

NOI $45,239 @ 7.0% cap · market cap 1.51%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Self storage facilities

Suggested Use

Top Pick Building Supply HVAC Service Real Estate Agency Hair Salon Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

89

Businesses Nearby

Explore this area Business Placement

Demographics for 29349, SC

36,458

Population

15,118

Households

2.4

Avg Household Size

41

Median Age

22%

College-Educated

87%

High-School Grad

76.9 sq mi

ZIP Area

474

Density / Sq Mi

$74,363

Median Household Income

$42,604

Median Earnings

$917

Median Rent

$233,400

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this self storage facilities located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Self storage facility - The property includes storage units, a warehouse, office space and a restroom.

Where is this self storage facility located?

The property is located at 5301 Highway 9 Inman, SC.

What is the asking price?

The asking price for this property is $2,999,900.

What are key features of this property?

This property features: 4.24‑acre property on Highway 9; 3,000‑square‑foot storage building with 28 individual units; Unit mix: 12 - 5x10 units, 8 - 10x20 units and 8 - 10x10 units