Financial
Distress signals
Property profile

1808 Asheville Hwy Spartanburg, SC 29303

FOR LEASE
Drive through restaurants
Property ID
US77-0966059
2,607 SF 1.14 ac lot Built 2017
Last sale May 2018 · $3,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This for-lease retail pad site comprises approximately 2,688 square feet of space on a 1.14-acre lot. The property is positioned with access to Asheville Hwy and proximity to I-85 Business, supporting convenient roadway connectivity for regional travel. It has direct movement onto Asheville Hwy and is located near retail development with nearby quick-service and fast-casual operators, including Chick-Fil-A, McDonald’s, Burger King, and Taco Bell. The area’s traffic patterns, as referenced in

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$72k
Tax billed · 2023
Assessed value$191k
Assessed land$50k
Assessed improvement$140k
Effective rate37.58%

Value estimate

· Sep 2026
$190k
$171k – $209k
AI approach$190k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$267/SF
Submarket average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$87 – $443
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPARTANBURG

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.2
Dental Office12.8
Electrical Service10.2

Location

1808 Asheville Hwy Spartanburg, SC 29303
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2245 Chesnee, Spartanburg, SC 29303-5503 $3,403,000 Feb 2026 3,528 SF
2036 Chesnee, Spartanburg, SC 29303-3322 $345,000 Jun 2025 2,358 SF
8087 Asheville, Spartanburg, SC 29303-1561 $118,000 Sep 2024 2,904 SF
1797 Asheville, Spartanburg, SC 29303-2059 $1,494,514 Sep 2024 3,242 SF
1030 Church, Spartanburg, SC 29303-2782 $1,650,000 May 2024 3,120 SF
153 Phifer, Spartanburg, SC 29303-3995 $250,000 Jun 2023 2,852 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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