Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$7,560,000
Warehouses
1 Austrian Way Spartanburg, SC 29303-2478
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-0660721
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
55,751 SF
Lot
3.97 ac (173,107 SF)
APN
7-0400-05814
UPID
US77-0660721
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
-
Auria Industrial Manufacturer Production Facility
-
Eci Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.56M
Owner & transaction history
Herald Journal Industrial LLC · 3 yrs held
Herald Journal Industrial LLC
since 2023
Last sale
$8.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$8.0M
+180.7%
Office building
$5.5M
+94.3%
Commercial (general)
$5.1M
+80.5%
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
$5,965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,755,000
6.5%
$8,085,000
7%
$7,505,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$7,980,000
Change: +181% · Conversion: Difficult
OFFICE BUILDING
$5,525,000
Change: +94% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,130,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$7.56M
Range $6.80M – $8.32M · ±10% · vs last sale $8.10M (Jan 4 2023)
Last sale anchor
$8.10M
Jan 4 2023
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
$136 / 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 2022Property tax & assessments
Tax year 2022
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
SPACE
Cooling
YES
Stories
1
Total area
55,751 SF
Lot
3.97 ac (173,107 SF)
APN
7-0400-05814
UPID
US77-0660721
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
MEDICAL BUILDING
Est. value
$8.0M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1991
Heating
SPACE
Cooling
Yes
Stories
1
Lot
3.97 ac
Current owner
From public records · entity-resolved
Herald Journal Industrial LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4760 RICHMOND RD STE #200, CLEVELAND, OH 44128-5979
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
Herald Journal Industrial LLC
Auria Spartanburg INC
Lease
—
Jan 4, 2023
$8,100,000
Herald Journal Industrial LLC
Auria Spartanburg INC
Limited Warranty Deed
—
Dec 2, 2011
—
Iac Spartanburg INC
—
Deed Of Trust
related
$300,000,000 · Bank Of Ny Mellon
Oct 12, 2007
$4,240,000
RT Hj Park Building LLC
Hj Park I LLC
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1 Austrian Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
