Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2221 Boiling Springs Rd Boiling Springs, SC 29316
    Back to Search
    Property profile & analytics

    2221 Boiling Springs Rd Boiling Springs, SC 29316

    View on Map
    • Retail properties & Spaces
    • 1 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2221 Boiling Springs Rd

    Property size
    1 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 2221 Boiling Springs Rd in Boiling Springs, South Carolina, presents a unique opportunity for a single-tenant business. The property boasts a total of 1 square foot of commercial space, currently entirely vacant and ready for immediate occupancy. Situated in Spartanburg County, this location offers convenient access to a thriving community and high visibility for your business. The property's single-tenant occupancy ensures complete control and flexibility for your operations. The address is easily accessible from Boiling Springs Road, providing excellent exposure to potential customers. This listing is ideal for a small business seeking a strategic location with minimal overhead. The property is classified as retail commercial space and is perfect for a business requiring a compact footprint. The zip code is 29316. This is a rare opportunity to establish a presence in a desirable area of Boiling Springs. Given the limited square footage, this space is best suited for a business with minimal storage or display needs, perhaps a kiosk or pop-up shop. Serious inquiries are encouraged to explore the potential of this unique retail space. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9655
    Latitude
    35.0249

    Comparable in this City

    • Value Estimation by Request
      0.44 Acres

      3214 Boiling Springs Rd

      Restaurants • 0.44 Acres
      3214 Boiling Springs Rd, Boiling Springs, SC 29316
      View Details
    • Value Estimation by Request
      4.80 Acres

      3420 Boiling Springs Rd

      Land • 4,021 SF
      3420 Boiling Springs Rd, Boiling Springs, SC 29316
      View Details
    • Value Estimation by Request
      6,650 SF

      2760 Boiling Springs Rd

      Medical Office Space • 6,650 SF
      2760 Boiling Springs Rd, Boiling Springs, SC 29316
      View Details
    • Value Estimation by Request
      80,435 SF

      3720 Boiling Springs Rd

      Restaurants • 80,435 SF
      3720 Boiling Springs Rd, Boiling Springs, SC 29316
      View Details
    • Value Estimation by Request
      4,200 SF

      861 Double Bridge Rd

      Retail properties & Spaces • 4,200 SF
      861 Double Bridge Rd, Boiling Springs, SC 29316
      View Details
    • Value Estimation by Request
      6,980 SF

      2104 Boiling Springs Rd

      Restaurants • 6,980 SF
      2104 Boiling Springs Rd, Boiling Springs, SC 29316
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,556 SF

      Retail Property in Boiling Springs

      Retail property available for sale in Boiling Springs, SC.
      140 Schoolyard Rd, Boiling Springs, SC 29316
      View Details
    • $525,000
      2,200 SF

      Remodeled Office with Drive-Thru

      Completely remodeled office space with drive-thru in Boiling Springs.
      8715 Asheville Hwy Hwy, Boiling Springs, SC 29316
      View Details
    • $3,560,000

      New Mavis Tires & Brakes

      New Mavis Tires & Brakes with corporate guaranteed lease.
      3810 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    • $349,900

      Commercial Site on Old Furnace

      Over 1/2 acre commercial site on Old Furnace Road.
      1770 Old Furnace Rd, Boiling Springs, SC 29316
      View Details
    • $3,760,000

      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
    • $350,000
      4.46 Acres

      Wooded Acreage in Boiling Springs

      4+ acre wooded residential parcel in a prime location.
      8403 Vly Fls Rds, Boiling Springs, SC 29316
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail or Land Lease Opportunity

      Land available for retail build to suit or land lease.
      3420 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    • Contact for pricing

      Retail Center on Highway 9

      Retail spaces available in a high-traffic neighborhood center.
      3720 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    • Contact for pricing
      4,021 SF

      Retail Space in Boiling Springs

      Retail space available for lease in Boiling Springs, SC.
      3420 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    • Contact for pricing
      1,753 SF

      Retail Sublease Opportunity on Highway

      Retail space available for sublease in Boiling Springs, SC.
      302 Village Creek Dr, Boiling Springs, SC 29316
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Booming Area

      Retail space in a thriving business park with high visibility.
      110 Rainbow Lake Rd, Boiling Springs, SC 29316
      View Details
    • Contact for pricing
      1,764 SF

      New Retail Development on Highway 9

      New retail spaces available for lease in Boiling Springs, SC.
      2221 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
    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.
    2221 Boiling Springs Rd
    Boiling Springs, SC 29316
    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
    2221 Boiling Springs 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!