Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    127 Cleveland Chapel Rd Spartanburg, SC 29303-3202

    • Mobile home & RV parks
    • 114 SF
    • 32.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1418264
    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

    • Mobile home & RV parks

    Property Details for 127 Cleveland Chapel Rd

    Lot size
    32.01 lot acres
    Property size
    114 SF
    Property type
    Mobile home & RV parks
    APN
    7-0804-00100
    APU
    7080400100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,256,000
      Market price range: $1.37M - $5.70M
      AI Estimate
      $2,203,000
      Market price range: $567k - $5.28M

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9178
    Latitude
    34.9865
    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
    $17,062
    $17,148
    $25,308
    $42,456
    -
    $358,230
    $421,800
    $780,030

    Comparable in this City

    • Value Estimation
      $4,045,000
      84 SF

      100 Daytona Dr

      MOBILE HOME PARK, TRAILER PARK • 84 SF
      100 Daytona Dr, Spartanburg, SC 29303-4810
      View Details
    • Value Estimation
      $3,855,000
      80 SF

      8332 Fairforest Rd

      MOBILE HOME PARK, TRAILER PARK • 80 SF
      8332 Fairforest Rd, Spartanburg, SC 29303-1538
      View Details
    • Value Estimation
      $590,000
      25 SF

      102 Connie Lynn Dr

      MOBILE HOME PARK, TRAILER PARK • 25 SF
      102 Connie Lynn Dr, Spartanburg, SC 29303-1610
      View Details
    • Value Estimation by Request
      10 SF

      148 William Jolley Dr

      MOBILE HOME PARK, TRAILER PARK • 10 SF
      148 William Jolley Dr, Spartanburg, SC 29303-1568
      View Details
    • Value Estimation by Request
      19 SF

      104 Ladonna Ln

      MOBILE HOME PARK, TRAILER PARK • 19 SF
      104 Ladonna Ln, Spartanburg, SC 29303
      View Details
    • Value Estimation by Request
      6,822 SF

      260 Cleveland Chapel Rd

      MOBILE HOME PARK, TRAILER PARK • 6,822 SF
      260 Cleveland Chapel Rd, Spartanburg, SC 29303-3245
      View Details

    Similar Nearby for Sale

    • $265,000

      Spartanburg Duplex on Large Lot

      Well-maintained duplex with expansion potential in Spartanburg, South Carolina.
      200 Rosecrest Rd, Spartanburg, SC 29303
      View Details
    • $40,000
      0.13 Acres

      Spartanburg Commercial Land - $40K

      0.13-acre lot, I-85 access, utilities available.
      2 Beech Aly, Spartanburg, SC 29303
      View Details
    • $77,500

      Spartanburg Commercial Land Opportunity

      ±6 Acres, $77,500, Flexible Zoning
      945 California Ave, Spartanburg, SC 29303
      View Details
    • $599,000
      2.00 Acres

      I-85 Retail Land Opportunity

      2-Acre Retail Site, High Traffic
      103 Jones Rd, Spartanburg, SC 29303
      View Details
    • Contact for pricing

      33-Acre Land Near Drayton Mills

      33 acres near Drayton Mills and Trail in Spartanburg, SC.
      315 Sloan St, Spartanburg, SC 29303
      View Details
    • $425,000

      Prime Land I-85 Frontage

      Commercial land with high traffic count and utilities available.
      2214 Chesnee Hwy, Spartanburg, SC 29303
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      6,000 SF

      Spartanburg Warehouse: 6,000 SF

      Prime Spartanburg industrial space available.
      400 State Rd, Spartanburg, SC 29303
      View Details
    • $5 SF/Yr
      115,000 SF

      Spartanburg Warehouse Space Available

      115,000 square foot warehouse space for lease in Spartanburg.
      250 Broadcast Dr, Spartanburg, SC 29303
      View Details
    • $15 SF/Yr
      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

      Spartanburg Flex Space Available

      Move-in ready flex unit with warehouse space for lease.
      111 Corporate Dr, Spartanburg, SC 29303
      View Details
    • $8 SF/Yr
      15,000 SF

      Spartanburg Warehouse/Flex Space Available

      15,000 SF warehouse/flex space with showroom/office in Spartanburg, SC.
      511 Bryant 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
    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.
    127 Cleveland Chapel Rd
    Spartanburg, SC 29303-3202
    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

    Google sign-in failed. Please try again or use another login method.