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Property profile & analytics
FOR LEASE
Retail space

141 Dorman Centre Dr Spartanburg, SC 29301

227,480 SF 22.22 ac lot Built 2003
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US77-0593137
Property summary
AI-generated overview

This exceptional investment opportunity presents a prime 1-acre outparcel within the thriving Dorman Centre shopping center in Spartanburg, South Carolina. Located at 141 Dorman Centre Dr, zip code 29301, this property boasts a total of 219,632 square feet of retail space. The center enjoys a strong anchor tenant in Walmart, ensuring high traffic and visibility. This particular outparcel is one of the last remaining opportunities to establish a presence in this busy and successful retail center. Current outparcel occupants include well-established businesses such as Fire Mountain, Discount Tire, and Ruby Tuesday, creating a synergistic and desirable retail environment. The property is situated on 0.9 acres within Spartanburg County, offering excellent accessibility and exposure to a large customer base. This is a rare chance to secure a highly visible location in a well-established and successful shopping center. The property is classified as retail land and is part of a multi-tenant shopping center. Don't miss this opportunity to capitalize on the strong retail presence and high traffic volume of Dorman Centre.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction BRICK
Total area 227,480 SF
Lot 22.22 ac (967,773 SF)
APN 6-2105-00104
UPID US77-0593137
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
Current use
Occupant on record · Public records
  • Walmart Pharmacy Pharmacy
  • Walmart Photo Center (Bike/Boat/Book/etc) Store
  • Walmart Garden Center Garden Center
  • Coinstar Bank Credit Union
  • ecoATM Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.35M
Blend (final) Blend
$13.03M
Owner & transaction history
Suso 4 Dorman LP · 8 yrs held
Suso 4 Dorman LP
since 2017
3 recorded transactions
2017
$32.3M
2004
$43.1M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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