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    50 Travis Cir Spartanburg, SC 29301

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    50 Travis Cir Spartanburg, SC 29301

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    • Commercial land
    Off-Market
    Property ID
    US77-1323237
    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

    • Commercial land

    Property Details for 50 Travis Cir

    Property type
    Commercial land
    Property subtype
    Residential land & home lots

    Description

    ** Powell Mill Road Prospect ** Located just off Hwy 29/W.O. Ezell Blvd., this prime 15+ acre parcel offers an incredible opportunity for high-density development just outside the City limits. With easy access to shopping, dining, and I-26, this property is a developer's dream. Nearby Spartanburg Methodist College and Jesse Bobo Elementary make this location perfect for residential or commercial projects. Not to mention, with the Daniel Morgan Trail System expansion in progress - bordering two sides of the property - outdoor enthusiasts will have direct access to one of the city's most popular attractions. Don't miss out on this rare chance to create something truly special in this rapidly growing area. Call Lynn Spencer at 864-542-4946 for more details. This Powell Mill Road parcel offers endless possibilities for savvy investors and developers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.978045
    Latitude
    34.9462626

    Comparable in this City

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      5.95 Acres

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      Prime Commercial Land Opportunity

      0.80 acres of unrestricted commercial land with utilities.
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      Downtown Spartanburg Land For Sale

      3.88 acres of land zoned for multifamily use.
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    • $590,000

      Prime Land I-26 Frontage

      10 acres with 1,400 ft frontage on I-26.
      304 E Blackstock Rd, Spartanburg, SC 29301
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      Land in Retail Corridor

      Land in a strong retail corridor near multiple retailers.
      241 Wilder Dr, Spartanburg, SC 29301
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      Prime Land Near Retail Corridor

      Outparcels available near I-26 and retail.
      501 Bethpage Dr, Spartanburg, SC 29301
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    Similar Nearby for Sale

    • $200,000
      5.95 Acres

      Spartanburg Acreage with Development Potential

      Combined 5.95 acres ideal for residential, commercial, or investment.
      1916 Mark Ct, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      0.80 acres of unrestricted commercial land with utilities.
      W Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Downtown Spartanburg Land For Sale

      3.88 acres of land zoned for multifamily use.
      459 Wofford St, Spartanburg, SC 29301
      View Details
    • $590,000

      Prime Land I-26 Frontage

      10 acres with 1,400 ft frontage on I-26.
      304 E Blackstock Rd, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Land in Retail Corridor

      Land in a strong retail corridor near multiple retailers.
      241 Wilder Dr, Spartanburg, SC 29301
      View Details
    • Contact for pricing

      Prime Land Near Retail Corridor

      Outparcels available near I-26 and retail.
      501 Bethpage Dr, Spartanburg, SC 29301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a 219,632 SF shopping center.
      141 Dorman Centre Dr, Spartanburg, SC 29301
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      Walmart Anchored Shopping Center Outparcel

      Outparcel available in a busy, Walmart-anchored shopping center.
      110 Dorman Commerce Dr, Spartanburg, SC 29301
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      Commercial Land for Lease

      1.48+/- acre commercial land available for lease.
      Reidville Rd, Spartanburg, SC 29301
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      Industrial Build-to-Suit Opportunity

      New Class A industrial space for lease near I-26.
      1095 Simuel Rd, Spartanburg, SC 29301
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      Industrial Space Near Interstate Access

      Industrial warehouses with easy access to major transportation routes.
      161 Int'l Park Dr, Spartanburg, SC 29301
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      50,000 SF

      Industrial Warehouse Space For Rent

      50000 square foot industrial warehouse space available for rent.
      630 Wofford St, Spartanburg, SC 29301
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    50 Travis Cir
    Spartanburg, SC 29301
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    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
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