Financial
Distress signals
Property profile

119 Ian Ct Spartanburg, SC 29306

FOR LEASE
Other commercial real estate
Property ID
US77-0297951
12,528 SF 3.55 ac lot Built 2007
Last sale May 2024 · $2,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Flex/industrial property comprising approximately 2,477 square feet, located on Ian Court in Spartanburg, South Carolina. The space is configured for flexible light industrial and related uses and is offered as a leasable commercial facility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$53k
Assessed land$5k
Assessed improvement$48k
Effective rate35.46%

Value estimate

· Sep 2026
$2.20M
$1.98M – $2.42M
AI approach$2.20M
CAP approach$2.55M
Submarket $/SF estimate$1.32M
NOI build-up
Gross scheduled income$607k
Vacancy & credit loss−$59k
Operating expenses−$192k
NOI · 3,562,600.00% cap applied$356k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$33 – $107

Cap rate analysis

How does the asset earn?
3,562,600.00%
$356k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPARTANBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.2
HVAC Service10.5
Wholesale Shop9.9

Location

119 Ian Ct Spartanburg, SC 29306
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Southport, Spartanburg, SC 29306 $135,000 Jun 2025 10,800 SF
203 Caulder, Spartanburg, SC 29306-5645 $80,000 Jun 2025 9,200 SF
127 Main, Spartanburg, SC 29306-2305 $4,500,000 Apr 2025 20,879 SF
123 Westview, Spartanburg, SC 29306-4132 $105,000 Feb 2023 8,176 SF
163 Main, Spartanburg, SC 29306-5112 $861,184 Feb 2022 6,400 SF
238 Ezell, Spartanburg, SC 29306 $963,000 Oct 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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