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Property profile & analytics
FOR LEASE
Flex space
103 Spray Shed Rd, Greenwood, SC 29649
Individually Owned
3-yr Hold
Free & Clear
Property ID
US77-1585060
For Lease
1 / 3
Contact for pricing
103 Spray Shed Rd, Greenwood, SC 29649
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Property summary
AI-generated overview
This exceptional industrial property, located at 103 Spray Shed Rd, Greenwood, SC 29649, presents a significant leasing opportunity. The warehouse boasts a substantial 251,958 square feet of single-tenant space, all currently vacant and ready for immediate occupancy. Built in 2001, the building sits on a sprawling 203.38-acre lot, providing ample room for expansion or future development. The warehouse features impressive ceiling heights ranging from 24 feet to 52 feet, ideal for various industrial uses and high-storage needs. Ample parking is available with 210 spaces provided on-site. The property's APN is 6878-891-226, and it is situated in Greenwood County, South Carolina. This expansive warehouse offers a unique chance to secure a large-scale industrial space in a prime location. The property's size and features make it suitable for a wide range of businesses requiring significant storage and operational space. Contact us today to learn more about this exceptional leasing opportunity.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Total area
407,505 SF
Lot
203.38 ac (8,859,233 SF)
APN
6878-891-226
UPID
US77-1585060
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Effex Management Solutions Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$63.87M
Owner & transaction history
Phoenix Greenwood Industrial Invr L · 3 yrs held
Phoenix Greenwood Industrial Invr L
since 2022
Last sale
$65.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Greenwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$61,125,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$68,765,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$63.87M
Range $57.48M – $70.25M · ±10% · vs last sale $65.24M (Dec 6 2022)
Last sale anchor
$65.24M
Dec 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$185,072
Tax year 2023
Assessed value
$558,000
Assessed 2023
Effective rate
33.17%
On assessed value
Land market value
$500,000
Improvement market value
$8,800,000
Total market value
$9,300,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Heating
NONE
Total area
407,505 SF
Lot
203.38 ac (8,859,233 SF)
APN
6878-891-226
UPID
US77-1585060
Jurisdiction
GREENWOOD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$68.8M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
203.38 ac
Current owner
From public records · entity-resolved
Phoenix Greenwood Industrial Invr L
Individual
Free & Clear · 3 yrs held
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Phoenix Greenwood Industrial Invest
—
Deed
related
$99,000,000 · Acore Capital Mortgage LP A Delaware
Dec 6, 2022
$65,237,000
Phoenix Greenwood Industrial Invr L
Fujifilm Manufactring U S A INC
Special Warranty Deed
—
Dec 6, 2022
—
Phoenix Greenwood Industrial Invr L
Fujifilm Manufacturing USA INC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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