Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1948 Main St Spartanburg, SC 29307-2305

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1948 Main St Spartanburg, SC 29307-2305

    View on Map
    • Community centers
    • 4,022 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US77-3085778
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Everything Mobile 2 / Electronics & Wireless Store / Computer & Electronic Repair
    • Papa John's Pizza / Take-out & Catering
    • Community Choice Financial / Bank / Credit Union
    • Everything Mobile & Computer Repair / Computer & Electronic Repair
    • Western Union / Bank / Credit Union

    Property Details for 1948 Main St

    Year built
    1998
    Construction
    CONCRETE BLOCKS
    Lot size
    0.61 lot acres
    Property size
    4,022 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    7-0910-09700
    APU
    7091009700

    Description

    This single-tenant property at 1948 E Main St, Spartanburg, SC 29307, offers 4,022 square feet on a 26,241 square foot lot. Built in 1998, this one-story building is situated in a prime location within Spartanburg's Hillcrest Market Place, boasting unparalleled visibility on the heavily trafficked East Main Street corridor. The property's strategic location offers easy access to major transportation routes, including I-85 and I-26, and is just minutes from downtown Spartanburg. Its proximity to established businesses like Publix, Chick-fil-A, and Whataburger ensures high foot and vehicle traffic. The property features convenient on-site parking and is ideal for a variety of commercial uses, including retail, office, or service-based businesses. This location benefits from a rapidly growing market with increasing demand for commercial services, making it an excellent investment opportunity in a thriving commercial district. The building is currently configured as a traditional office space with 1,554 square feet of rentable area. The property presents a unique opportunity to capitalize on the high visibility and strong demographics of this established commercial area. Ample space and convenient parking cater to both customers and employees.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8891
    Latitude
    34.9703
    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
    $17,791
    $18,750
    $18,180
    $36,930
    -
    $312,494
    $303,000
    $615,494

    Comparable in this City

    • Value Estimation
      $560,000
      10,320 SF

      300 Dawn Redwood Dr

      MINI-MALL • 10,320 SF
      300 Dawn Redwood Dr, Spartanburg, SC 29307-1446
      View Details
    • Value Estimation by Request
      26,966 SF

      2081 Main St

      Lifestyle centers • 26,966 SF
      2081 Main St, Spartanburg, SC 29307
      View Details
    • Value Estimation by Request
      8,320 SF

      1057 Fernwood Glendale Rd

      MINI-MALL • 8,320 SF
      1057 Fernwood Glendale Rd, Spartanburg, SC 29307-2311
      View Details
    • Value Estimation
      $705,000
      21,985 SF

      2225 Main St

      MINI-MALL • 21,985 SF
      2225 Main St, Spartanburg, SC 29307-1443
      View Details
    • Value Estimation by Request
      4,100 SF

      1944 Main St

      MINI-MALL • 4,100 SF
      1944 Main St, Spartanburg, SC 29307-2305
      View Details
    • Value Estimation by Request
      7,500 SF

      2115 Main St

      MINI-MALL • 7,500 SF
      2115 Main St, Spartanburg, SC 29307-1453
      View Details

    Similar Nearby for Sale

    • $850,000
      1.00 Acre

      Spartanburg Retail Land - $850K+

      Prime East Side Spartanburg land, QSR/Restaurant ready.
      2300 Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing

      East Spartanburg Retail Development Opportunity

      Premium outparcels in a high-traffic, growing commercial corridor.
      2300 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing

      Retail Property in Spartanburg, SC

      Located on main retail corridor near Spartanburg High School.
      2595 E Main St, Spartanburg, SC 29307
      View Details
    • $2,860,000
      4,640 SF

      Panera Bread Ground Lease Opportunity

      Corporate-guaranteed Panera Bread store with rental growth potential.
      1811 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      11,925 SF

      Versatile Commercial Building Near Hospital

      Adaptable commercial building suitable for medical, retail, or storage use.
      200 Dillon Cir, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      10,000 SF

      Prime Land on E. Main

      7.76 acres on a busy commercial corridor, redevelopment opportunity.
      2700 E Main St, Spartanburg, SC 29307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Retail Space in Spartanburg Center

      Retail space available in a busy, nationally anchored shopping center.
      1050 Fernwood Glendale Rd, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space in Spartanburg Center

      Retail space available in Publix-anchored shopping center on Main St.
      1985-1989 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      9,612 SF

      Retail Space in Spartanburg Center

      Retail space available in a Publix-anchored shopping center.
      1931 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      5,928 SF

      Retail Space in Spartanburg Center

      Retail space available in Publix-anchored shopping center on Main St.
      1855-1905 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      11,700 SF

      Retail Outparcel on East Main

      Retail space available on a high-traffic corridor.
      1200 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space on Fernwood Drive

      Retail space available for lease in Spartanburg, South Carolina.
      140 Fernwood Dr, Spartanburg, SC 29307
      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.
    1948 Main St
    Spartanburg, SC 29307-2305
    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.
    Sign Up Successful!
    You now have access to more from Realmo!