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Property profile & analytics
OFF-MARKET
Estimated value
$9,015,000
Retail space
2300 Main St Spartanburg, SC 29307-1422
Entity Owned
19-yr Hold
Free & Clear
Property ID
US77-0674305
Property summary
AI-generated overview
Exceptional retail development opportunity awaits on the thriving East Side of Spartanburg, South Carolina. This offering comprises multiple parcels, ranging from one to 4.5 acres, ideally situated for maximum visibility and accessibility along East Main Street. Each parcel presents a unique chance to establish a significant retail presence in a high-traffic area, catering to a diverse range of businesses. The land is available for purchase and development, ground lease, or build-to-suit arrangements. These parcels are zoned for QSR/Fast Food, Restaurant, and Shopping Center uses, providing flexibility for various retail and dining concepts. The fee simple ownership offers complete control and long-term investment potential. The property's location at 2300 E Main St, Spartanburg, SC 29307, ensures convenient access for customers and employees. Specific parcel sizes and pricing vary
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
119,443 SF
Lot
13.64 ac (594,158 SF)
APN
7-0900-01307
UPID
US77-0674305
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Garden Center at The Home Depot Garden Center
-
Home Services at The Home Depot General Contractor
-
The Home Depot Building Supply Hardware & Home Improvement
-
Pro Desk at The Home Depot Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.83M
Blend (final)
Blend
$9.02M
Owner & transaction history
Hd Dev Of Maryland INC · 19 yrs held
Hd Dev Of Maryland INC
since 2007
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$11.4M
+16.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spartanburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spartanburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,770,000
Current use
OFFICE BUILDING
$11,420,000
Change: +17% · Conversion: Easy
COMMERCIAL (GENERAL)
$9,725,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,400,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,180,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$9.02M
Range $8.11M – $9.92M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$264,839
Tax year 2023
Assessed value
$543,972
Assessed 2023
Previous assessed
$543,972
+0.0% YoY
Effective rate
48.69%
On assessed value
Assessed land
$219,978
Assessed improvement
$323,994
Land market value
$3,666,300
Improvement market value
$5,399,900
Total market value
$9,066,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
119,443 SF
Lot
13.64 ac (594,158 SF)
APN
7-0900-01307
UPID
US77-0674305
Jurisdiction
SPARTANBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.8M
OFFICE BUILDING
Est. value
$11.4M
COMMERCIAL (GENERAL)
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$9.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
13.64 ac
Current owner
From public records · entity-resolved
Hd Dev Of Maryland INC
Entity
Free & Clear · 19 yrs held
Mailing address
2455 PACES FRY RD SE, ATLANTA, GA 30339-1834
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2007
—
Hd Dev Of Maryland INC
Home Depot USA INC
Warranty Deed
—
Dec 23, 2004
$3,160,000
Home Depot USA INC
Dayton Street LLC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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