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Property profile

360 S Daniel Morgan Ave Spartanburg, SC 29306

Warehouses
Property ID
US77-1480260
View Sample
26,908 SF 4.31 ac lot Built 1968
Entity Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional industrial property, located at 360 S. Daniel Morgan Avenue in Spartanburg, South Carolina, offers a unique opportunity for businesses seeking flexible and adaptable warehouse or flex space. The property encompasses a total of 24,500 square feet, situated on a generous 4.31-acre lot. Currently, there is 10,250 square feet of vacant space available, divisible into units as small as 1,680 square feet, with the possibility of leasing the entire 24,500 square feet contiguously. The building features an impressive 18-foot ceiling height, providing ample vertical space for storage or high-volume operations. Loading and unloading are facilitated by two loading docks and one drive-in door, ensuring efficient material handling. The property's address is 7-16-01-391.00 (APN). This prime location in Spartanburg, SC, zip code 29306, offers excellent access to major transportation routes, making it an ideal choice for businesses requiring convenient logistics. The property is designated as multi-tenant, providing flexibility for various business needs. Inquire today to learn more about leasing options and secure your space in this desirable industrial property.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1968
Construction BRICK
Total area 26,908 SF
Lot 4.31 ac (187,744 SF)
APN 7-1601-39100
UPID US77-1480260

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$713k
Blend (final) Blend
$290k

Owner & transaction history

since 2021
Last sale
$475,000
2 recorded transactions
2022
Price N/A
2021
$475,000

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
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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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