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Property profile & analytics
FOR LEASE
Commercial land
220 W Lanford St Spartanburg, SC 29302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-3020282
For Lease
$48,000 SF/Yr
220 W Lanford St, Spartanburg, SC 29302
View Listing →
Property summary
AI-generated overview
This ±4.38-acre industrial land parcel presents a unique opportunity for single-tenant occupancy in Spartanburg, South Carolina. Located at 220 W Lanford Street, this property is zoned "None" and offers significant potential for outdoor storage or similar industrial uses. The property's size provides ample space for various operational needs, making it suitable for businesses requiring substantial land area. The single-tenant configuration ensures exclusive use and control of the entire site. The property's address is 220 W Lanford Street, Spartanburg, SC 29302, situated in Spartanburg County (APN: 7-17-10-032.01). Its geographic coordinates are 34.9299273 latitude and -81.8893785 longitude. This location offers convenient access to key transportation routes and infrastructure, enhancing logistical efficiency for businesses operating from this site. The property is classified as Land with an Industrial subtype. Serious inquiries are encouraged to explore the possibilities this expansive industrial land parcel offers. The property is available for lease.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
4.38 ac (190,793 SF)
APN
7-1710-03201
UPID
US77-3020282
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Circle F South Pine LLC · 4 yrs held
Circle F South Pine LLC
since 2021
Last sale
$1.3M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spartanburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spartanburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$765,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.25M (Oct 7 2021)
Last sale anchor
$1.25M
Oct 7 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,197
Tax year 2023
Assessed value
$8,748
Assessed 2023
Previous assessed
$8,748
+0.0% YoY
Effective rate
47.98%
On assessed value
Assessed land
$8,748
Land market value
$145,800
Total market value
$145,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Lot
4.38 ac (190,793 SF)
APN
7-1710-03201
UPID
US77-3020282
Jurisdiction
SPARTANBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
4.38 ac
Current owner
From public records · entity-resolved
Circle F South Pine LLC
Entity
Mailing address
11236 MCCLURE MNR DR, CHARLOTTE, NC 28277-3026
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$1,250,000
Circle F South Pine LLC
Lml Properties LLC
Warranty Deed
$937,500 · First Bank
Sep 1, 2021
—
Lml Propoerties LLC
—
Deed
related
$5,500,000 · Bridge Lending LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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