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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Warehouses
109 Swsw Dr Spartanburg, SC 29303-6618
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-2919284
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
CONCRETE BLOCKS
Total area
16,445 SF
Lot
1.13 ac (49,223 SF)
APN
6-1213-06000
UPID
US77-2919284
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$841k
Blend (final)
Blend
$840k
Owner & transaction history
109 Southwest LLC · 1 yrs held
109 Southwest LLC
since 2025
Last sale
$971,502
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+54.3%
Neighborhood: shopping center
$1.3M
+50.7%
Retail stores
$1.0M
+23.1%
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
$715,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$840,000
Current use
AUTO REPAIR, GARAGE
$1,295,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,265,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$1,030,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $972k (Jun 23 2023)
Last sale anchor
$972k
Jun 23 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
$51 / 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
$11,810
Tax year 2023
Assessed value
$32,994
Assessed 2023
Previous assessed
$32,994
+0.0% YoY
Effective rate
35.79%
On assessed value
Assessed land
$2,700
Assessed improvement
$30,294
Land market value
$45,000
Improvement market value
$504,900
Total market value
$549,900
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
1980
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
YES
Stories
1
Total area
16,445 SF
Lot
1.13 ac (49,223 SF)
APN
6-1213-06000
UPID
US77-2919284
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
WAREHOUSE, STORAGE Current
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1980
Construction
CONCRETE BLOCKS
Heating
SPACE
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
109 Southwest LLC
Entity
Mailing address
617 E MCBEE AVE, GREENVILLE, SC 29601-2938
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2025
$1,695,000
109 Southwest LLC
109 Southwest Drive LLC
Deed
$520,000 · Ronin Financing LLC
Nov 21, 2024
—
Athena 1031 LLC
109 Southwest Drive LLC
Deed
—
Dec 19, 2023
—
109 Southwest Drive LLC
—
Deed
related
$980,000 · South State Bank NA
Jun 23, 2023
$971,502
109 Southwest Drive LLC
Shamrock Industries LLC
Warranty Deed
—
Dec 5, 2022
$550,000
Shamrock Industries LLC
Pbr Investments LLC
Special Warranty Deed
$440,000 · Southern First Bank NA
Jan 11, 2018
—
Pbr Investments LLC
—
Deed
related
$2,367,000 · Nicolet National Bank
Sep 9, 2008
$330,000
Pbr Investments LLC
Pocivavsek,andre J
Grant Deed
$280,500 · First National Bank Fox Valley
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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