Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pine St Spartanburg, SC 29301
    Back to Search
    Property profile & analytics

    Pine St, Spartanburg, SC 29301

    View on Map
    • Land
    • 0.29 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Pine St

    Lot size
    0.29 lot acres
    Property type
    Land

    Description

    This exceptional commercial land parcel, totaling approximately 0.29 acres, presents a unique investment opportunity in Spartanburg, South Carolina. Located on Pine Street, this property boasts convenient access to essential utilities, including public sewer and water. The site benefits from a high-traffic volume, with an estimated 21,400 vehicles passing daily. Strong demographics support this location, featuring an average household income of $52,000 and a substantial 5-mile population of 78,000 residents. Its strategic position offers easy access to downtown Spartanburg (just 4 miles away) and Interstate 85 (7 miles away), ensuring excellent connectivity and visibility. The property's Spartanburg Tax Map number is 7-17-00-091.02. This is an ideal site for a variety of commercial ventures, capitalizing on its prime location and strong surrounding community. The asking price is $49,000. Don't miss this chance to acquire a valuable piece of commercial real estate in a thriving South Carolina market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8669
    Latitude
    34.9285

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      Laurel Glen Cir

      Land
      0 Laurel Glen Cir, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      18.07 Acres

      Cedar Crest Rd

      Land
      0 Cedar Crest Rd, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      3.88 Acres

      459 Wofford St

      Land
      459 Wofford St, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request

      Blackstock Rd

      Land
      0 Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      1.10 Acres

      208 Exchange Village Dr

      Land
      208 Exchange Village Dr, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      2.80 Acres

      29 And I-85

      Land
      29 And I-85, Spartanburg, SC 29301
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land for Sale

      Land available for sale.
      282 Watervale Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Land Available in Spartanburg, SC

      Land for sale at 881 W O. Ezell Blvd
      881 W O. Ezell Blvd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Land For Sale

      3.36 acres of land available for purchase.
      Laurel Glen Cir, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Spartanburg Land for Sale

      Land available at 2400 Winchester Pl, Spartanburg, SC.
      2400 Winchester Pl, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Industrial Land Near Highway 29

      Industrial land with utilities, close to highways and inland port.
      110 Tradd St, Spartanburg, SC 29301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a 219,632 SF shopping center.
      141 Dorman Centre Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a busy, Walmart-anchored shopping center.
      110 Dorman Commerce Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Industrial Build-to-Suit Opportunity

      New Class A industrial space for lease near I-26.
      1095 Simuel Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Commercial Land for Lease

      1.48+/- acre commercial land available for lease.
      Reidville Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      101,752 SF

      Spartanburg Specialty Property For Rent

      101,752 SF specialty property available for lease.
      9855 Warren H Abernathy Hwy, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Industrial Space Near Interstate Access

      Industrial warehouses with easy access to major transportation routes.
      161 Int'l Park Dr, Spartanburg, SC 29301
      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.
    Pine St
    Spartanburg, SC 29301
    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
    Pine St, Spartanburg, SC, 29301
    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!