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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1212 John B White Sr Blvd Spartanburg, SC 29306-3930

    • Day care centers
    • 7,068 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Apr 29, 2022
    $590,000
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1491094
    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

    • Day care centers

    Property Details for 1212 John B White Sr Blvd

    Year built
    1969
    Construction
    BRICK
    Lot size
    1.38 lot acres
    Property size
    7,068 SF
    Property type
    Day care centers
    APN
    6-2111-01401
    APU
    6211101401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $395,000
      ML approach
      $375,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $554,000
      Market price range: $249k - $554k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $430,000
      Current use
      COMMERCIAL (GENERAL)
      $555,000
      Change: +29% Conversion: Difficult
      RESTAURANT
      $530,000
      Change: +23% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $485,000
      Change: +12% Conversion: Difficult
      OFFICE BUILDING
      $470,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $445,000
      Change: +2% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $405,000
      Change: -6% Conversion: Difficult
      MEDICAL BUILDING
      $400,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.963
    Latitude
    34.929
    CBSA code
    43900
    CBSA name
    SPARTANBURG, 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
    $18,178
    $11,490
    $31,578
    $43,068
    -
    $191,500
    $526,300
    $717,800

    Comparable in this City

    • Value Estimation by Request
      1,830 SF

      125 Southport Rd

      DAY CARE, PRE-SCHOOL • 1,830 SF
      125 Southport Rd, Spartanburg, SC 29306-3815
      View Details
    • Value Estimation by Request
      780 SF

      Caulder Cir

      DAY CARE, PRE-SCHOOL • 780 SF
      Caulder Cir, Spartanburg, SC 29306
      View Details
    • Value Estimation by Request
      1,148 SF

      449 Church St

      DAY CARE, PRE-SCHOOL • 1,148 SF
      449 Church St, Spartanburg, SC 29306-5211
      View Details
    • Value Estimation by Request
      1,218 SF

      301 Cres Ave

      DAY CARE, PRE-SCHOOL • 1,218 SF
      301 Cres Ave, Spartanburg, SC 29306-4143
      View Details
    • Value Estimation by Request
      2,400 SF

      140 Southport Rd

      DAY CARE, PRE-SCHOOL • 2,400 SF
      140 Southport Rd, Spartanburg, SC 29306-3861
      View Details
    • Value Estimation by Request
      3,512 SF

      352 Spg St

      DAY CARE, PRE-SCHOOL • 3,512 SF
      352 Spg St, Spartanburg, SC 29306-5263
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Caliber Collision NNN Investment Opportunity

      Recently renewed 15-year NNN corporate lease with zero landlord responsibilities.
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      Southport Road Acreage For Sale

      77+/- acres on Southport Road, suitable for retail.
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    • $150,000

      Land For Sale Spartanburg

      Land available for sale in Spartanburg, South Carolina.
      525 John B White Sr Blvd, Spartanburg, SC 29306
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      Residential Lot in Spartanburg, SC

      Residential lot available in Spartanburg, South Carolina.
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      0.17 Acres

      Residential Lot in Spartanburg, SC

      Buildable lot near downtown and new baseball stadium.
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    Similar Nearby for Lease

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    • $5 SF/Yr
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      Spartanburg Warehouse with Fenced Yard

      8,000 SF warehouse with fenced yard for lease.
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    • $24 SF/Yr
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      Downtown Spartanburg Office Space

      Unique office space in Spartanburg's Central Business District.
      150 E Henry St, Spartanburg, SC 29306
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    • $21 SF/Yr
      2,963 SF

      Class A Office Space

      Professional office space on Spartanburg's Westside with high visibility.
      1460 John B White Sr Blvd, Spartanburg, SC 29306
      View Details
    • $16 SF/Yr
      1,587 SF

      Downtown Spartanburg Office/Retail Space

      Office or retail space for lease in downtown Spartanburg.
      300 Union St, Spartanburg, SC 29306
      View Details
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    Spartanburg, SC 29306-3930
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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