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    Property profile & analytics

    120 Rainbow Lk Rd Boiling Springs, SC 29316

    • Retail space
    • 5,000 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 20, 2021
    Location Intelligence
    Property ID
    US77-0928684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 120 Rainbow Lk Rd

    Year built
    2006
    Construction
    WOOD
    Lot size
    0.87 lot acres
    Property size
    5,000 SF
    Property type
    Retail space
    APN
    2-4401-01901
    APU
    2440101901

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Boiling Springs
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9837
    Latitude
    35.0498
    CBSA code
    43900
    CBSA name
    SPARTANBURG, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,056
    $4,434
    $15,660
    $20,094
    -
    $73,900
    $261,000
    $334,900

    Comparable in this City

    • Value Estimation by Request
      38,939 SF

      3545 Boiling Spgs Rd

      RETAIL STORES (PERSONAL SERVICES) • 38,939 SF
      3545 Boiling Spgs Rd, Boiling Springs, SC 29316-6023
      View Details
    • Value Estimation by Request
      9,399 SF

      4577 Parris Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,399 SF
      4577 Parris Brg Rd, Boiling Springs, SC 29316-5915
      View Details
    • Value Estimation by Request
      6,300 SF

      3390 Boiling Spgs Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,300 SF
      3390 Boiling Spgs Rd, Boiling Springs, SC 29316-6009
      View Details
    • Value Estimation
      $770,000
      4,500 SF

      2270 Old Furnace Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      2270 Old Furnace Rd, Boiling Springs, SC 29316-5759
      View Details
    • Value Estimation
      $155,000
      2,730 SF

      402 Rainbow Lk Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,730 SF
      402 Rainbow Lk Rd, Boiling Springs, SC 29316-5746
      View Details
    • Value Estimation
      $335,000
      5,000 SF

      2651 Boiling Spgs Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      2651 Boiling Spgs Rd, Boiling Springs, SC 29316-6011
      View Details

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    Similar Nearby for Lease

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      Retail Space in Booming Area

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      Build-to-suit or land lease; high traffic.
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    • $38 SF/Yr
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      Boiling Springs Retail Space For Lease

      Prime Retail Location, 1 sq ft, Spartanburg County
      2221 Boiling Spring Rd, Boiling Springs, SC 29316
      View Details
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    120 Rainbow Lk Rd
    Boiling Springs, SC 29316
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    Realmo Value Estimation

    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.

    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.

    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
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