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    Property profile & analytics

    1724 Old Switzer Rd Moore, SC 29369-9599

    • Office buildings
    • 1,040 SF
    • 9.77 lot acres
    OFF-MARKET
    Last Sale
    Feb 27, 2020
    $225,000
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    8.4%
    Office buildings
    Location Intelligence
    Property ID
    US77-0566795
    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

    • Moore Boat and RV Storage LLC / Rv Storage Facility / Parking Lot

    Property Details for 1724 Old Switzer Rd

    Year built
    1970
    Construction
    METAL FRAME
    Lot size
    9.77 lot acres
    Property size
    1,040 SF
    Property type
    Office buildings
    APN
    4-1400-00500
    APU
    4140000500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $205,000
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $285,000
      6.5%
      $265,000
      7%
      $245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $208,000
      Market price range: $66.1k - $209k
      AI Estimate
      $160,000
      Market price range: $50.2k - $161k

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

    Location Insight

    • Map
    • Local Demand
    City
    Moore
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.0193
    Latitude
    34.8042
    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
    $5,015
    $4,980
    $9,156
    $14,136
    -
    $83,000
    $152,600
    $235,600

    Comparable in this City

    • Value Estimation
      $240,000
      1,280 SF

      5940 Reidville Rd

      OFFICE BUILDING • 1,280 SF
      5940 Reidville Rd, Moore, SC 29369-9295
      View Details
    • Value Estimation
      $210,000
      1,400 SF

      1796 Old Switzer Rd

      OFFICE BUILDING • 1,400 SF
      1796 Old Switzer Rd, Moore, SC 29369
      View Details
    • Value Estimation
      $210,000
      793 SF

      3583 Moore Duncan Hwy

      OFFICE BUILDING • 793 SF
      3583 Moore Duncan Hwy, Moore, SC 29369-9474
      View Details
    • Value Estimation
      $190,000
      1,200 SF

      5502 Reidville Rd

      OFFICE BUILDING • 1,200 SF
      5502 Reidville Rd, Moore, SC 29369-9744
      View Details
    • Value Estimation
      $250,000
      3,941 SF

      5504 Reidville Rd

      OFFICE BUILDING • 3,941 SF
      5504 Reidville Rd, Moore, SC 29369-9744
      View Details
    • Value Estimation
      $210,000
      3,705 SF

      1596 Old Anderson Ml Rd

      OFFICE (GENERAL) • 3,705 SF
      1596 Old Anderson Ml Rd, Moore, SC 29369-9408
      View Details

    Similar Nearby for Sale

    • $1,100,000
      5,176 SF

      Established Office Building For Sale

      Office building in Duncan, SC, established in 2000.
      3610 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • $399,750
      5.33 Acres

      Prime Moore, SC Land - $399,750

      5.33 Acres, Residential Development Potential
      0 Reidville Rd @ Rocky Ln, Moore, SC 29369
      View Details
    • $250,000

      ADA Accessible Home with Upgrades

      Low-maintenance, ADA accessible home with upgraded features in West Hampton.
      423 Rexford Dr, Moore, SC 29369
      View Details
    • $480,000
      0.25 Acres

      New Duplex in Moore, SC

      Income-producing duplex with upscale finishes, spacious units, and convenient location.
      402 Sierra Rd, Moore, SC 29369
      View Details
    • $162,900
      5.32 Acres

      Moore, SC Acreage For Sale

      5.32 acres of land for peaceful country living.
      00 Pearson Town Rd, Moore, SC 29369
      View Details
    • $1,399,000
      17.20 Acres

      Residential Land in Growing Area

      17.2 acres of land in a rapidly expanding area.
      365 Old Bethel Rd, Moore, SC 29369
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,775 SF

      Renovated Office Space Available

      Newly renovated office space with large lobby and open area.
      3523 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • Contact for pricing
      2,912 SF

      Prime Moore, SC Executive Office Space

      2,912 SF Executive Office - Available Now
      5836 Reidville Rd, Moore, SC 29369
      View Details
    • $5 SF/Yr
      26,782 SF

      Prime Moore, SC Warehouse Space

      26,782 SF Warehouse - Available Now
      190 Old Roebuck Rd, Moore, SC 29369
      View Details
    • $5 SF/Yr
      25,000 SF

      Industrial Space Near I-26

      Industrial space with quick access to I-26, ample parking.
      140 Old Roebuck Rd, Moore, SC 29369
      View Details
    • $5 SF/Yr
      1,850,113 SF

      Large Manufacturing or Distribution Space

      1,850,113 SF manufacturing/distribution space with quick I-26 access.
      2004 Moore Duncan Hwy, Moore, SC 29369
      View Details
    • $32 SF/Yr
      3,600 SF

      Reidville Road Retail Center

      New 3,600 SF Retail Space in Moore, SC
      5895 Reidville Rd, Moore, SC 29369
      View Details
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    Moore, SC 29369-9599
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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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