Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    121 Traveller Dr Spartanburg, SC 29303-5512
    Back to Search
    Property profile & analytics

    121 Traveller Dr, Spartanburg, SC 29303-5512

    View on Map
    • Motels
    • 46,240 SF
    • 3.17 lot acres
    Off-Market
    Property ID
    US77-0522483
    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.
    Value Estimations
    $820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hampton Inn Spartanburg-North I-85 / Hotel & Motel
    • Woodruff Driving School / Training Center / Vocational School

    Property Details for 121 Traveller Dr

    Year built
    1999
    Lot size
    3.17 lot acres
    Property type
    Motels
    APN
    7-0200-01600
    APU
    7020001600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 18, 2025 $8,850,000 Shivam Gsp Hotel LLC Imperial Investments Chesnee LLC Deed $6.5M · United Bank
    Feb 2, 2024 — Imperial Investments Chesnee LLC — Deed · related $4.2M · Hometrust Bank
    Nov 9, 2018 — Imperial Investments-chesnee L — Grant Deed · related $1.5M · Quantum Nat'l Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $746,000
      Market price range: $438k - $1.20M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $770,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8974
    Latitude
    35.021
    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
    $80,558
    $26,643
    $169,452
    $196,095
    -
    $444,050
    $2,824,200
    $3,268,250

    Comparable in this City

    • Value Estimation by Request
      63,538 SF

      200 International Dr

      MOTEL
      200 International Dr, Spartanburg, SC 29303-6637
      View Details
    • Value Estimation by Request
      3,767 SF

      101 Outlet Rd

      MOTEL
      101 Outlet Rd, Spartanburg, SC 29303-6722
      View Details
    • Value Estimation by Request
      15,864 SF

      4930 College Dr

      MOTEL
      4930 College Dr, Spartanburg, SC 29303-6628
      View Details
    • Value Estimation
      $1,035,000
      10,761 SF

      810 Hospitality Dr

      HOTEL/MOTEL
      810 Hospitality Dr, Spartanburg, SC 29303-6408
      View Details
    • Value Estimation by Request
      6,129 SF

      150 Sun And Sand Rd

      MOTEL
      150 Sun And Sand Rd, Spartanburg, SC 29303-2525
      View Details
    • Value Estimation by Request
      17,081 SF

      6765 Pottery Rd

      MOTEL
      6765 Pottery Rd, Spartanburg, SC 29303-6725
      View Details

    Similar Nearby for Sale

    • $374,999
      0.50 Acres

      Spartanburg Commercial Renovation Opportunity

      Commercial building with renovation in progress, offering significant upside potential.
      706 W Main St, Spartanburg, SC 29303
      View Details
    • Contact for pricing
      10,000 SF

      Spartanburg Warehouse Near I-85

      10,000 sq ft warehouse with easy highway access.
      219 Northeast Dr, Spartanburg, SC 29303
      View Details
    • $787,500
      17.50 Acres

      Development Site near Highway 9

      17.5 acre development site with utilities available in Spartanburg.
      00 Lawson Creek Dr, Spartanburg, SC 29303
      View Details
    • $69,999
      0.65 Acres

      Spartanburg Commercial Land Opportunity

      0.65-acre commercial land parcel in a rapidly growing area.
      Lawson Creek Dr, Spartanburg, SC 29303
      View Details
    • Contact for pricing

      Land Available with Sewer Access

      Land for sale with sewer access at $11,500 per acre.
      2751 New Cut Rd, Spartanburg, SC 29303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Spartanburg Flex Space Available

      Move-in ready flex unit with warehouse space for lease.
      111 Corporate Dr, Spartanburg, SC 29303
      View Details
    • Contact for pricing

      Renovated Warehouse with Flexible Lease

      Renovated warehouse space available for short-term lease.
      400 State Rd S-42-3106, Spartanburg, SC 29303
      View Details
    • $6 SF/Yr
      17,500 SF

      Spartanburg Warehouse Space Available

      17,500 sqft warehouse space for lease in Spartanburg, SC.
      110 Commercial Rd, Spartanburg, SC 29303
      View Details
    • Contact for pricing
      3,864 SF

      Retail Space on I-85 Business

      Retail property with frontage and proximity to multifamily developments.
      100 Simuel Rd, Spartanburg, SC 29303
      View Details
    • Contact for pricing
      2,122 SF

      Spartanburg Office Space Available

      Office space available for lease in Spartanburg, South Carolina.
      5020 N Blackstock Rd, Spartanburg, SC 29303
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Space with Fenced Yard

      15,000 SF industrial space with renovated office and laydown yard.
      9091 Asheville Hwy, Boiling Springs, SC 29303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    121 Traveller Dr
    Spartanburg, SC 29303-5512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    121 Traveller Dr, Spartanburg, SC, 29303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!