Property profile

2980 Reidville Rd Spartanburg, SC 29301

FOR SALE
Land
Property ID
US77-0706426
Entity Owned 2-yr Hold
Saved · see the list in your Dashboard
No photos on file
For Sale
$600,000
2980 Reidville Rd, Spartanburg, SC 29301
View Listing →

Property summary

AI-generated overview

The property is a commercial outparcel in Spartanburg County, South Carolina, covering approximately 1.05 acres. The lot has been rough graded and has utilities available on-site. It is situated at the entrance to Waters Edge Apartments, a 264-unit apartment complex developed in 2022. The site provides over 200 linear feet of road frontage along Reidville Road, with an indicated traffic count of approximately 30,200 vehicles per day, and is located about 1.1 miles from Interstate 26 (I-26).

Property profile

Verified
Property type Land
UPID US77-0706426

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2980 Reidville Rd Spartanburg, SC 29301
Spartanburg metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2023
4 recorded transactions
2023
$905,000
2021
Price N/A
2020
Price N/A
2020
$415,548

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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