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    Property profile & analytics

    3221 Martin Luther King Jr Blvd Anderson, SC 29625

    • Retail space
    • 9,754 SF
    • 0.72 lot acres
    For Sale
    View listing
    $2,471,500
    Value Estimation
    Last Sale
    Oct 09, 2023
    $850,000
    Location Intelligence
    Property ID
    US77-2880885
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 3221 Martin Luther King Jr Blvd

    Year built
    1992
    Lot size
    0.72 lot acres
    Property size
    9,754 SF
    Property type
    Retail space
    APN
    121-25-02-011
    APU
    1212502011

    Description

    This exceptional 9,747-square-foot retail storefront at 3221 Martin Luther King Jr. Blvd in Anderson, South Carolina, presents a compelling investment opportunity. Boasting a 6.31% cap rate and a strong NOI of $155,952, this single-tenant property offers significant potential. The building sits on a 0.72-acre lot and benefits from a brand-new 10-year lease with a corporate tenant, ensuring consistent income and minimal landlord responsibilities. Located in a high-growth area along the I-85 corridor in Upstate South Carolina, this outparcel property enjoys exceptional visibility, situated across from Anderson Mall and just off Clemson Boulevard, a major retail artery with 34,000 vehicles per day. Martin Luther King Jr. Boulevard itself sees 14,400 vehicles daily. Rent increases are built into the lease, occurring every five years. The property's prime location and long-term lease make it an ideal addition to any investment portfolio. The asking price is $2,471,500. This is a one-story building with 100% occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $930,000

    • CAP approach

      CAP return
      Estimation
      6%
      $900,000
      6.5%
      $865,000
      7%
      $880,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $925,000
      Geo Method
      $775,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,055,000
      Retail
      $1,020,000
      Mixed-Use
      $990,000
      Hospitality
      $790,000
      Educational
      $1,000,000
      Residential Income
      $830,000
      Energy
      $790,000
      Income-Based Land
      $985,000
      Food Service
      $1,000,000

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6708
    Latitude
    34.5423
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, 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
    $28,448
    $19,440
    $48,600
    $68,040
    -
    $0.00
    $0.00
    $1,134,000

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      8,000 SF

      203 King St

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    • Value Estimation by Request
      9,188 SF

      1425 1427

      RETAIL STORES (PERSONAL SERVICES) • 9,188 SF
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    • Value Estimation
      $660,000
      0.92 Acres

      5930 Hwy 187

      RETAIL STORES (PERSONAL SERVICES) • 0.92 Acres
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    • Value Estimation by Request
      9,782 SF

      400 Murray Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,782 SF
      400 Murray Ave, Anderson, SC 29625-4307
      View Details
    • Value Estimation
      $325,000
      4,400 SF

      508 Murray Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,400 SF
      508 Murray Ave, Anderson, SC 29625-4309
      View Details

    Similar Nearby for Sale

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      Prime Anderson Retail Storefront

      High-growth location, 9,747 SF, 6.31% Cap Rate
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    • Contact for pricing
      121,000 SF

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    Anderson, SC 29625
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    Realmo Value Estimation

    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.

    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.

    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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