Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    130 Spillman Ct Travelers Rest, SC 29690

    Sponsored
    For Sale
    $180,000

    0.188 Acres, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 0.188-acre commercial land parcel presents a unique investment opportunity in Travelers Rest, South Carolina. Located within an established professional office park, this property offers two vacant office pad sites, ideal for new construction or development. The site benefits from its proximity to key infrastructure, being approximately half a mile from the intersection of Highway 25 and N. Poinsett Highway, ensuring high visibility and convenient access. The location is further enhanced by its strategic position behind Bon Secours Gateway Family Medicine and Bank of Travelers Rest, providing immediate access to a well-established clientele. All utilities are readily available, simplifying the development process. The property boasts a generous parking ratio of five spaces per approximately 1,000 square feet, accommodating ample parking for future tenants or occupants. The property is zoned C-2, allowing for a variety of commercial uses. This prime location and convenient access make this an exceptional opportunity for investors seeking a high-return investment in a thriving South Carolina community. The asking price for this exceptional property is $180,000. Don't miss this chance to acquire a valuable asset in a rapidly growing area. The address is 130 Spillman Ct, Travelers Rest, SC 29690, Greenville County.

    Property Features for 130 Spillman Ct

    General Information

    Property type
    Land
    Lot Size
    8,189 SF

    We can help!

    Listing Contact
    Robert Brissie
    Robert Brissie

    Learn more

    Property Insight Report

    HighLights

    • All utilities available.
    • Two vacant office pad sites in a Travelers Rest, SC professional office park.
    • Less than half a mile from Highway 25 and N. Poinsett Highway intersection.
    • Located behind Bon Secours Gateway Family Medicine and Bank of Travelers Rest.
    • Five parking spaces per 1,000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Travelers Rest
    County
    Greenville
    State
    South Carolina
    Longitude
    -82.431408107965
    Latitude
    34.972739469014

    Nearby Comparable

    • $180,000
      0.13 Acres

      Travelers Rest Commercial Land

      Two prime office pad sites, ideal location.
      120 Spillman Ct, Travelers Rest, SC 29690
      View Details
    • $150,000

      Land For Sale

      Land available for sale in Travelers Rest, South Carolina.
      140 Spillman Ct, Travelers Rest, SC 29690
      View Details
    • $180,000

      Land For Sale

      Land available for sale in Travelers Rest, South Carolina.
      110 Spillman Ct, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      1.71 Acres

      Travelers Rest Multi-Use Property

      Mixed-use property for sale in Travelers Rest, South Carolina.
      1 Brookside Dr, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      2,500 SF

      New Commercial Unit For Lease

      Brand new commercial unit available for lease in Travelers Rest.
      1 Brookside Dr, Travelers Rest, SC 20690
      View Details
    • Contact for pricing

      Land Available in Travelers Rest

      Land for ground lease or build-to-suit in Travelers Rest.
      Roe Center Ct, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      10,960 SF

      Travelers Rest Retail Development Site

      Class A retail space with highway visibility in Travelers Rest, SC.
      571 Roe Center Ct, Travelers Rest, SC 29690
      View Details
    • $348,000

      Land Available in Travelers Rest

      Land for sale in Travelers Rest near Geer Hwy.
      Geer Hwy, Travelers Rest, SC 29690
      View Details

    Nearby Similar for Sale

    • New
      $890,000
      2.61 Acres

      Turnkey Short-Term Rental Business

      Fully furnished STR community with established internet presence and revenue.
      84/86 Benson Rd, Travelers Rest, SC 29690
      View Details
    • New
      $890,000
      2.61 Acres

      Furnished Homes in Travelers Rest

      Four fully furnished homes with updated interiors and exteriors.
      84 Benson Rd, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      2,500 SF

      New Commercial Unit For Lease

      New commercial unit for lease with versatile space and prime location.
      1 Brookside Unit 2 Dr, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      1.71 Acres

      Travelers Rest Multi-Use Property

      Mixed-use property for sale in Travelers Rest, South Carolina.
      1 Brookside Dr, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      2,500 SF

      New Commercial Unit For Lease

      Brand new commercial unit available for lease in Travelers Rest.
      1 Brookside Dr, Travelers Rest, SC 20690
      View Details
    • Contact for pricing
      5,000 SF

      New Commercial Unit For Lease

      Brand new commercial unit available for lease in Travelers Rest.
      1 Brookside Unit 3 Dr, Travelers Rest, SC 29690
      View Details
    • Contact for pricing
      10,960 SF

      Travelers Rest Retail Development Site

      Class A retail space with highway visibility in Travelers Rest, SC.
      571 Roe Center Ct, Travelers Rest, SC 29690
      View Details

    FAQs

    What type of property is this?
    Land - 0.188 Acres, Prime Location
    Where is this land located?
    The property is located at 130 Spillman Ct Travelers Rest, SC.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: All utilities available.; Two vacant office pad sites in a Travelers Rest, SC professional office park.; Less than half a mile from Highway 25 and N. Poinsett Highway intersection.
    Request Owner's contact information
    130 Spillman Ct Travelers Rest, SC 29690
    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.
    130 Spillman Ct
    Travelers Rest, SC 29690
    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
    130 Spillman Ct Travelers Rest, SC 29690
    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

    We can help!
    Listing Contact
    Robert Brissie
    Robert Brissie
    Real Estate License ID: 126566
    Learn more
    Google sign-in failed. Please try again or use another login method.