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Property profile & analytics
FOR LEASE
Community centers
1564 Asheville Hwy Spartanburg, SC 29303
Individually Owned
3-yr Hold
Free & Clear
Property ID
US77-0380189
For Lease
1 / 2
$515,000
1564 Asheville Hwy, Spartanburg, SC 29303
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
18,000 SF
Lot
2.04 ac (89,037 SF)
APN
6-1306-01902
UPID
US77-0380189
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
-
On Premise Solutions Drug Testing Service
-
Personnel Solutions Inc Employment Agency
-
Smokers Cabinet (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Cleveland Village Business Service Center Corporate Office
-
Wing Crave Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$366k
Blend (final)
Blend
$515k
Owner & transaction history
Watrstone Southeast Spartan Portfol · 3 yrs held
Watrstone Southeast Spartan Portfol
since 2022
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$29 / 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
$24,108
Tax year 2023
Assessed value
$64,152
Assessed 2023
Previous assessed
$64,152
+0.0% YoY
Effective rate
37.58%
On assessed value
Assessed land
$16,152
Assessed improvement
$48,000
Land market value
$269,200
Improvement market value
$800,000
Total market value
$1,069,200
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1988
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,000 SF
Lot
2.04 ac (89,037 SF)
APN
6-1306-01902
UPID
US77-0380189
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
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Watrstone Southeast Spartan Portfol
Individual
Free & Clear · 3 yrs held
Mailing address
250 1ST AVE STE #202, NEEDHAM HEIGHTS, MA 02494-2886
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2022
—
Watrstone Southeast Spartan Portfol
Waterstone Southeast Portfolio LLC
Deed
—
Oct 8, 2019
—
Waterstone Se Portfolio LLC
—
Deed
related
—
Feb 6, 2014
—
Waterstone Southeast Portfolio LLC
1564 Asheville Highway LLC
Deed
$56,000,000 · Jpmorgan Chase Bank NA
Dec 27, 2007
$1,203,683
1564 Asheville Highway LLC
American Storage LLC
Grant Deed
—
—
—
Waterstone Se Portfolio LLC
—
Loan Modification
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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