Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,220,000
Warehouses
168 Farm Lk Rd Boiling Springs, SC 29316-6401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0324870
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
BRICK
Total area
108,060 SF
Lot
2.95 ac (128,328 SF)
APN
2-4400-00101
UPID
US77-0324870
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
$6.94M
CAP Approach
CAP
$15.67M
Comparable Approach
Comparable
$8.51M
Blend (final)
Blend
$11.22M
Owner & transaction history
Ps Coutheast Two LLC · 3 yrs held
Ps Coutheast Two LLC
since 2023
Last sale
$14.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.5M
+207.4%
Office building
$10.3M
+105.4%
Retail stores
$8.8M
+75.7%
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 Boiling Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boiling Springs 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
$10,310,000
ML approach
$6,940,000
CAP Approach
CAP Return
Estimation
6%
$16,975,000
6.5%
$15,670,000
7%
$14,550,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$15,465,000
Change: +207% · Conversion: Difficult
OFFICE BUILDING
$10,335,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$8,840,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,795,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,505,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,305,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$11.22M
Range $10.10M – $12.34M · ±10% · vs last sale $14.00M (Jun 22 2023)
Last sale anchor
$14.00M
Jun 22 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
$104 / 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
$228,744
Tax year 2023
Assessed value
$648,900
Assessed 2023
Previous assessed
$648,900
+0.0% YoY
Effective rate
35.25%
On assessed value
Assessed land
$46,200
Assessed improvement
$602,700
Land market value
$770,000
Improvement market value
$10,045,000
Total market value
$10,815,000
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
108,060 SF
Lot
2.95 ac (128,328 SF)
APN
2-4400-00101
UPID
US77-0324870
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
$15.5M
OFFICE BUILDING
Est. value
$10.3M
RETAIL STORES
Est. value
$8.8M
COMMERCIAL (GENERAL)
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
2.95 ac
Current owner
From public records · entity-resolved
Ps Coutheast Two LLC
Entity
Mailing address
701 WESTERN AVE, GLENDALE, CA 91201-2349
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
$14,000,000
Ps Coutheast Two LLC
Boiling Sptings LLC
Limited Warranty Deed
—
Jun 22, 2023
—
Pinnacle Storage Of Boiling Springs
—
Deed
related
—
Aug 22, 2022
—
Pinnacle Storage Of Boiling Springs
Sc Boililng Springs Storage LLC
Limited Warranty Deed
—
Apr 1, 2022
$10,815,000
Pinnacle Storage Of Boilings Spring
Sc Boiling Storage LLC
Limited Warranty Deed
$10,815,000 · Customers Bank
Oct 14, 2021
—
Sch Biling Springs Storage LLC
—
Deed
related
$5,500,000 · Georgia Banking Co
Aug 17, 2018
$770,000
Sc Boiling Springs Storage LLC
Sc Boiling Springs Hwy 9 LLC
Grant Deed
related
$5,998,861 · Synovus Bk
Jan 14, 2015
$1,100,000
Aldi INC Georgia
Sc Boiling Springs Hwy 9 LLC
Grant Deed
—
Jul 30, 2014
$775,000
Sc Boiling Springs Hwy 9 LLC
Cbna-sc LLC
Grant Deed
$825,000 · Pi Holdings II INC
Jul 30, 2014
—
Sc Boiling Springs Hwy 9 LLC
Cbna-sc LLC
Quit Claim Deed
related
—
Nov 15, 2011
$1,378,000
Cbna-sc LLC
Nine Lakes LLC
Grant Deed
—
May 29, 2009
—
Nine Lakes LLC
Ramsey,arnold J
Grant Deed
—
Aug 24, 2007
$1,433,714
Arnold J Ramsey
Garrett,julia C
Grant Deed
$2,081,250 · Community S Bank & Trust
May 13, 2005
—
Julia C Garrett
Miller,ellaree G
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 168 Farm Lk Rd?
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.
