Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    375 W Main St Spartanburg, SC 29301
    Back to Search
    Property profile & analytics

    375 W Main St Spartanburg, SC 29301

    View on Map
    • Commercial land
    • 3,501 SF
    • 1.17 lot acres
    For Sale
    $580,000
    View Listing →
    Prime Corner Lot in Spartanburg For Sale
    $580,000

    Prime Corner Lot in Spartanburg

    Corner lot near downtown Spartanburg, ideal for redevelopment.

    375 W Main Street, Spartanburg, SC 29301
    View Listing
    Property ID
    US77-0936948
    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

    • Spartanburg Porta Potties for Rent / Building Supply

    Property Details for 375 W Main St

    Year built
    1992
    Lot size
    1.17 lot acres
    Property size
    3,501 SF
    Property type
    Commercial land
    APN
    7-1213-31000
    APU
    7121331000

    Description

    This exceptional 1.17-acre commercial land parcel presents a remarkable redevelopment opportunity in the heart of Spartanburg, South Carolina. Located at 375 W Main St, Site #2107, this property boasts a highly desirable location at a hard corner of a well-lit intersection, offering excellent visibility and accessibility. The lot features approximately 200 feet of frontage on West Main Street and 260 feet on Forest Street, providing ample space for a variety of development projects. Zoned DT5 (Urban Center District) within the City of Spartanburg, this site benefits from the availability of all utilities. The property is identified by Spartanburg County Tax Map Number 7-12-13-310.00. While land use restrictions may apply, this prime location offers significant potential for investors and developers seeking to capitalize on the vibrant growth of downtown Spartanburg. The asking price for this exceptional property is $1,000,000. This is a rare opportunity to acquire a substantial land holding in a thriving urban center. Don't miss out on this chance to shape the future of downtown Spartanburg.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $770,000
      6.5%
      $710,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $581,000
      Market price range: $138k - $590k
      AI Estimate
      $452,000
      Market price range: $154k - $453k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9395
    Latitude
    34.9464
    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
    $14,393
    $29,112
    $0.00
    $29,112
    -
    $485,200
    $0.00
    $485,200

    Comparable in this City

    • Value Estimation by Request
      2.37 Acres

      3277 Reidville Rd

      VACANT COMMERCIAL LAND • 2.37 Acres
      3277 Reidville Rd, Spartanburg, SC 29301-6120
      View Details
    • Value Estimation by Request
      0.07 Acres

      939 Saint John St

      VACANT COMMERCIAL LAND • 884 SF
      939 Saint John St, Spartanburg, SC 29301-2378
      View Details
    • Value Estimation by Request

      ± 1.05 Acre Commercial Outparcel

      ± 1.05 Acre Commercial Outparcel
      2980 Reidville Rd, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request

      Blackstock Rd

      VACANT COMMERCIAL LAND
      Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Value Estimation by Request
      0.56 Acres

      710 Main St

      VACANT COMMERCIAL LAND • 364 SF
      710 Main St, Spartanburg, SC 29301-2033
      View Details
    • Value Estimation
      $1,525,000
      22.06 Acres

      208 Oak Frst Rd

      VACANT COMMERCIAL LAND • 102,216 SF
      208 Oak Frst Rd, Spartanburg, SC 29301-3617
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Two Commercial Parcels Available

      Two one-acre commercial parcels with utilities and retention in place.
      208 Exchange Village Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Two Commercial Parcels Available

      Two one-acre commercial parcels available near I-85.
      212 Exchange Village Dr E, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Retail Land for Lease/Sale

      Land parcels and retail spaces available for lease or sale.
      9758 Warren H Abernathy Hwy, Spartanburg, SC 29301
      View Details
    • Contact for pricing
      1 SF

      Prime Corner Lot in Spartanburg

      Corner lot near downtown Spartanburg, ideal for redevelopment.
      375 W Main St, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Prime Land Near Retail Corridor

      Four outparcels available for ground lease or sale.
      2451 Reidville Rd, Spartanburg, SC 29301
      View Details
    • $212,000
      0.61 Acres

      Spartanburg Vacant Commercial Lot

      0.61-acre lot with utilities in Spartanburg's commercial corridor.
      410 Spring St, Spartanburg, SC 29301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      1.48+/- acre commercial land available for lease.
      Reidville Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a 219,632 SF shopping center.
      141 Dorman Centre Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a busy, Walmart-anchored shopping center.
      110 Dorman Commerce Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Industrial Build-to-Suit Opportunity

      New Class A industrial space for lease near I-26.
      1095 Simuel Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Retail Space on 2 Acres

      Single tenant retail space available for rent on 2 acres.
      John B White Sr Blvd & Hidden Hl Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 504 to 36,162 SqFt.
      205 W Blackstock Rd, Spartanburg, SC 29301
      View Details
    View Listing
    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.
    375 W Main St
    Spartanburg, SC 29301
    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

    Thank You for Inquiry
    375 W Main St, Spartanburg, SC, 29301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!