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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Retail space
151 Daniel Morgan Ave Spartanburg, SC 29306-3211
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US77-1342985
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
BRICK
Total area
7,000 SF
Lot
0.29 ac (12,632 SF)
APN
7-1223-00100
UPID
US77-1342985
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
-
Victor Lester Real Estate Agency
-
Brian Hurry - REALTOR Real Estate Agency
-
John Moore Realtor Real Estate Agency
-
Cheryl Ivey - Realtor, Coldwell Banker Caine Real Estate Agency
-
Danielle Watkins Coldwell Banker Caine Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$665k
Owner & transaction history
Gass Edge Properties LLC · 8 yrs held
Gass Edge Properties LLC
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+71.4%
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
$585,000
Current use
MEDICAL BUILDING
$1,000,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$555,000
Change: -5% · Conversion: Easy
AUTO REPAIR, GARAGE
$550,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$540,000
Change: -8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$525,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$95 / 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
$17,496
Tax year 2023
Assessed value
$36,564
Assessed 2023
Previous assessed
$36,564
+0.0% YoY
Effective rate
47.85%
On assessed value
Assessed land
$5,364
Assessed improvement
$31,200
Land market value
$89,400
Improvement market value
$520,000
Total market value
$609,400
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
1930
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,000 SF
Lot
0.29 ac (12,632 SF)
APN
7-1223-00100
UPID
US77-1342985
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
$585,000
MEDICAL BUILDING
Est. value
$1.0M
OFFICE BUILDING
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$550,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$525,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1930
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gass Edge Properties LLC
Entity
Mailing address
117 WILLIAMS ST, GREENVILLE, SC 29601-3144
Ownership since
2017
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
Mar 13, 2018
—
Gass Edge Peoperties LLC
—
Deed
related
—
Oct 6, 2017
$700,000
Gass Edge Properties LLC
West End Properties LLC
Grant Deed
$630,000 · West End Properties LLC
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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