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Property profile & analytics
OFF-MARKET
Estimated value
$5,700,000
Warehouses
175 Hidden Hl Rd Spartanburg, SC 29301-4427
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0607019
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Construction
METAL FRAME
Total area
38,100 SF
Lot
9.74 ac (424,274 SF)
APN
6-2500-02100
UPID
US77-0607019
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
-
Devon Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.76M
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.70M
Owner & transaction history
Mhc Ae 3 LLC · 4 yrs held
Mhc Ae 3 LLC
since 2022
Last sale
$7.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.5M
+207.4%
Retail stores
$3.5M
+95.8%
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
$4,950,000
ML approach
$5,760,000
CAP Approach
CAP Return
Estimation
6%
$5,985,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,450,000
Change: +207% · Conversion: Difficult
RETAIL STORES
$3,470,000
Change: +96% · Conversion: Moderate
Blend value · Realmo final
$5.70M
Range $5.13M – $6.27M · ±10% · vs last sale $7.39M (Feb 4 2022)
Last sale anchor
$7.39M
Feb 4 2022
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
$150 / 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
$132,526
Tax year 2023
Assessed value
$382,584
Assessed 2023
Previous assessed
$382,584
+0.0% YoY
Effective rate
34.64%
On assessed value
Assessed land
$33,798
Assessed improvement
$348,786
Land market value
$653,100
Improvement market value
$6,739,800
Total market value
$7,392,900
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
2003
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
2
Total area
38,100 SF
Lot
9.74 ac (424,274 SF)
APN
6-2500-02100
UPID
US77-0607019
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
$5.5M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
RETAIL STORES
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
2003
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
9.74 ac
Current owner
From public records · entity-resolved
Mhc Ae 3 LLC
Entity
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Self Storage Portfolio Xvi Dst
—
Deed
related
$117,000,000 · Key Bank NA
Feb 4, 2022
$7,393,000
Mhc Ae 3 LLC
Mhc 69 Spartanburg Sc LLC
Special Warranty Deed
—
Aug 18, 2020
—
Mhc 69 LLC
—
Deed
related
$323,850,000 · Jpmorgan Chase Bank NA
Aug 6, 2019
—
Mhc 69 Spartanburg Sc LLC
Spartanburg Self Storage INC
Special Warranty Deed
—
Sep 21, 2017
—
Spartanburg Self Storage INC
—
Deed
related
$1,579,745 · United Cmnty Bk
Aug 10, 2017
—
Spartanburg Self Storage INC
—
Deed
related
$1,214,745 · United Cmnty Bk
Sep 8, 2016
—
Spatanburg Self Storage INC
—
Deed
related
$1,129,745 · United Community Bank
Oct 2, 2014
$27,000
Spartanburg Self Storage INC
Td Bank NA
Limited Warranty Deed
$200,000 · The Palmetto Bank
Nov 2, 2012
$575,000
Spartanburg Self Storage INC
Bore LLC
Grant Deed
$515,000 · Palmetto Bank
Nov 23, 2010
—
Bore LLC
First South Bk
Grant Deed
—
—
—
Spartanburg Self Storage INC
—
Deed Of Trust
related
$1,041,000 · Palmetto Bk
—
—
Spartanburg Self Storage INC
—
Loan Modification
related
$1,214,745 · United Cmnty Bk
—
—
Spartanburg Self Storage INC
—
Loan Modification
related
$1,579,745 · United Cmnty Bk
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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