Building Details

Building Size 4,513 SF

Year Built 1900

Listing Agency: Bluefield Realty Group

Listed By: Brande Bennett Show Phone

Source: Pineparcelrealty

Added: Oct 30 Changed: Oct 31 Last Checked: Oct 30 at 2:24PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluefield Realty Group

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Investment Insights

Based on property information with market context.

Built in 1900, this 4,513-square-foot property sits on 2.13 acres and includes a six-bedroom, 4.5-bath main house. Period details include hardwood floors, high ceilings, substantial woodwork, fireplaces, and a wraparound porch. Plumbing and some electrical wiring have been updated, roofs replaced, and the interior and exterior painted. The grounds include mature trees, a fenced area, and established pecan, pear, mulberry, and fig trees.

A 1,025-square-foot workshop has new windows and French doors. The property operated as a traditional bed and breakfast for eight years and is zoned C-1. An outhouse also remains on the grounds.

Key Highlights

• 4,513‑square‑foot main house with 6 bedrooms and 4.5 baths
• 2.13‑acre property zoned C‑1
• Separate 1,025‑square‑foot workshop with new windows and French doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,759

Cap Rate

4.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$495,180 $495.2K

Cap Rate 7%

$353,700 $353.7K

Cap Rate 9%

$275,100 $275.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,513 SF

Gross rent

$59.6K $13.20/SF

− Vacancy

−$7.4K −$1.65/SF

EGI

$52.1K $11.55/SF

− OpEx

−$27.4K −$6.06/SF

NOI

$24.8K $5.49/SF

Area

Spartanburg County, SC

Vacancy

12.50%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$495,180

Cap Rate 7%

$353,700

Cap Rate 9%

$275,100

Alternative Uses

Best Use

Mixed Use

$851.0K

$744.7K – $992.9K (±1% cap)

NOI $59,572 @ 7.0% cap · market cap 9.95%

Second Best

Hotel Hospitality

$353.7K

$309.5K – $412.7K (±1% cap)

NOI $24,759 @ 7.0% cap · market cap 4.13%

Theoretical Best

Warehouse

$3.50M

$3.07M – $4.09M (±1% cap)

NOI $245,248 @ 7.0% cap · market cap 40.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Whole Hearts Bed ... Bed & Breakfast

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Storage Facility Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

125

Businesses Nearby

Explore this area Business Placement

Demographics for 29385, SC

9,005

Population

3,444

Households

2.6

Avg Household Size

36

Median Age

19%

College-Educated

84%

High-School Grad

18.7 sq mi

ZIP Area

482

Density / Sq Mi

$56,723

Median Household Income

$38,730

Median Earnings

$1,029

Median Rent

$207,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - C-1 zoning and a separate workshop complement the six-bedroom main house.

Where is this mixed-use property located?

The property is located at 695 Main Street Wellford, SC.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 4,513‑square‑foot main house with 6 bedrooms and 4.5 baths; 2.13‑acre property zoned C‑1; Separate 1,025‑square‑foot workshop with new windows and French doors