109 William Jolley Dr Spartanburg, SC 29303
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.