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Property profile

391 Serpentine Dr Spartanburg, SC 29303

FOR LEASE
Medical Office Space
Property ID
US77-0410061
65,831 SF 2.44 ac lot Built 1988
Last sale Jan 2021 · $10,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
391 Serpentine Dr, Spartanburg, SC 29303 For Lease
$1,156/Mo 4,387 SF available
391 Serpentine Dr, Spartanburg, SC 29303
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$251k
Tax billed · 2023
Assessed value$528k
Assessed land$34k
Assessed improvement$494k
Effective rate47.52%

Value estimate

· Oct 2026
$460k
$414k – $506k
Submarket $/SF estimate$6.48M
NOI build-up
Gross scheduled income$106k
Vacancy & credit loss−$15k
Operating expenses−$23k
NOI · 5,866.26% cap applied$68k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$143/SF
Submarket average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$61 – $217

Cap rate analysis

How does the asset earn?
5,866.26%
$68k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSPARTANBURG

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.8
Garden Center9.8
Realty agency9.7

Location

391 Serpentine Dr Spartanburg, SC 29303
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
295 Pearl, Spartanburg, SC 29303-3606 $3,718,902 Aug 2024 54,580 SF
250 Grv Medical Park, Spartanburg, SC 29303-4222 $3,850,000 Aug 2024 12,836 SF
115 Interstate, Spartanburg, SC 29303-6611 $1,051,116 Jun 2022 10,000 SF
230 Grv Medical Park, Spartanburg, SC 29303 $290,000 Oct 2020 8,640 SF
1330 Boiling Spgs Rd, Spartanburg, SC 29303-4205 $3,725,000 Aug 2020 12,069 SF
8020 White, Spartanburg, SC 29303-2043 $1,691,287 Oct 2019 49,982 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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