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Property profile & analytics
OFF-MARKET
Warehouses

109 William Jolley Dr Spartanburg, SC 29303

12,000 SF 0.77 ac lot Built 1972
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US77-0598483
Property summary
AI-generated overview

This exceptional commercial property located at 109 William Jolley, Spartanburg, SC, presents a lucrative investment opportunity. The seven-unit building boasts a strong rental history, currently operating at full occupancy. Each unit includes a 96-100 square foot office space and a private bathroom, providing convenient and functional layouts for tenants. Four of the units offer substantial 2000 square foot bay areas, complete with roll-up doors and independent entrances, ideal for various commercial uses. The remaining three units feature 1300 square foot bay areas, similarly equipped with roll-up doors and separate entrances. The current rental income is robust, with four units generating $1300 per month, two units at $950 per month, and one unit at $1050 per month, resulting in a gross annual income of $98,700. Property taxes for 2023 were $4548, and insurance premiums for the same year totaled $5471. This fully leased, high-return investment property is priced at $1,300,000 and is ready for immediate sale. The property sits on a 0-acre lot. This is a turnkey investment with excellent potential for continued growth and strong cash flow. The property's location in Spartanburg, SC offers easy access to major transportation routes and a thriving local economy.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1972
Construction METAL FRAME
Total area 12,000 SF
Lot 0.77 ac (33,454 SF)
APN 2-5512-06702
UPID US77-0598483
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Valiant Ventures LLC · 2 yrs held
Valiant Ventures LLC
since 2023
Last sale
$450,000
1 recorded transaction
2023
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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