9855 Warren H Abernathy HwySpartanburg, SC 29301

  • Office properties
  • 12,534 SF
For Lease
$5.95/SF/YR View listing

Property Details for 9855 Warren H Abernathy Hwy

Year built
1982
Construction
CONCRETE BLOCKS
Lot size
41.56 AC
Property size (Sq ft)
12,534 SF
Property type
Office properties
Property subtype
Office buildings
APN
5-2200-00103
APU
5220000103

Description

This exceptional 15,000-square-foot warehouse space in Spartanburg County, South Carolina, presents a prime sublease opportunity. Located at 9855 Warren H Abernathy Hwy, Spartanburg, SC 29301, this single-tenant industrial property offers immediate occupancy and is ideally suited for warehousing and distribution needs. The building boasts a ceiling height ranging from 15.5 feet to 19.5 feet, providing ample vertical storage capacity. One dock-high door and one loading dock ensure efficient loading and unloading operations. The property features modern upgrades including wet sprinklers and new LED lighting, minimizing operational costs and maximizing efficiency. This turnkey space is perfect for businesses seeking a short-term solution, with a sublease term available for up to two years. The property is conveniently located just one mile from I-85, providing easy access to major transportation routes. The asking rent is $5.95 per square foot, triple net (NNN), with a competitive operating expense of $1.25 per square foot. This represents a cost-effective and strategically located solution for businesses requiring immediate warehouse space in the Spartanburg area. Contact us today to schedule a viewing and secure this exceptional sublease opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,420,707
    6.5%
    $2,234,499
    7%
    $2,074,892
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,031,924
    Geo Method
    $1,031,924
  • Alternative Use

    Use
    Valuation
    Residential
    $2,770,778
    Hospitality
    $2,538,018
    Educational
    $2,111,602
    Medical
    $2,184,223
    Retail
    $3,284,713
9855 Warren H Abernathy Hwy, Spartanburg, South Carolina

Location Insight

City
Spartanburg
County
Spartanburg
State
South Carolina
Latitude
34.935
Longitude
-82.0634
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
$560,084
$78,000
$1,519,500
$1,597,500
-
$1,300,000
$25,325,000
$26,625,000

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