Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1854 Main St Spartanburg, SC 29307-2306
    Back to Search
    Property profile & analytics

    1854 Main St, Spartanburg, SC 29307-2306

    View on Map
    • Auto shops
    • 6,040 SF
    • 0.41 lot acres
    Off-Market
    Property ID
    US77-0955547
    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.
    Value Estimations
    $705,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Precision Tune Auto Care / Auto Repair Shop

    Property Details for 1854 Main St

    Year built
    1985
    Construction
    BRICK
    Lot size
    0.41 lot acres
    Property type
    Auto shops
    APN
    7-0914-07401
    APU
    7091407401

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 5, 2020 — Ggh LLC — Deed · related $643k · First Horizon Bank
    Sep 7, 2016 $415,000 Ggh LLC 1854 East Main LLC Grant Deed $352k · Southern First Bk NA
    Dec 30, 2013 $330,000 1854 East Main LLC Arthur St Bk Warranty Deed $281k · Hometrust Bank
    Feb 14, 2013 — Cook Paul H Trust Cook,paul H Quit Claim Deed · related —
    Jun 16, 2005 $387,166 Paul H Cook L & B Properties LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $754,000
      Market price range: $224k - $771k
      AI Estimate
      $650,000
      Market price range: $250k - $650k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $475,000
      Current use
      MEDICAL BUILDING
      $865,000
      Change: +82% Conversion: Difficult
      OFFICE BUILDING
      $580,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $495,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $490,000
      Change: +3% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $465,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8932
    Latitude
    34.9679
    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
    $12,079
    $12,702
    $12,336
    $25,038
    -
    $211,700
    $205,600
    $417,300

    Comparable in this City

    • Value Estimation by Request
      2,040 SF

      347 Old Converse Rd

      AUTO REPAIR, GARAGE
      347 Old Converse Rd, Spartanburg, SC 29307-3355
      View Details
    • Value Estimation by Request
      1,200 SF

      1578 Old Pacolet Rd

      AUTO REPAIR, GARAGE
      1578 Old Pacolet Rd, Spartanburg, SC 29307-4835
      View Details
    • Value Estimation by Request
      2,460 SF

      1358 Goldmine Rd

      AUTO REPAIR, GARAGE
      1358 Goldmine Rd, Spartanburg, SC 29307-4707
      View Details
    • Value Estimation by Request
      3,000 SF

      181 Cherry Hl Rd

      AUTO REPAIR, GARAGE
      181 Cherry Hl Rd, Spartanburg, SC 29307-3424
      View Details
    • Value Estimation by Request
      2,087 SF

      1795 Main St

      AUTO REPAIR, GARAGE
      1795 Main St, Spartanburg, SC 29307-2230
      View Details
    • Value Estimation by Request
      7,227 SF

      150 Cherry Hl Rd

      AUTO REPAIR, GARAGE
      150 Cherry Hl Rd, Spartanburg, SC 29307-3421
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,075 SF

      Established Advance Auto Parts Location

      Single-tenant NNN investment opportunity in a growing market.
      2050 East Main Street Ext, Spartanburg, SC 29307
      View Details
    • $850,000
      1.00 Acre

      Spartanburg Retail Land - $850K+

      Prime East Side Spartanburg land, QSR/Restaurant ready.
      2300 Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      4,640 SF

      Panera Bread Ground Lease Opportunity

      Corporate-guaranteed Panera Bread store with rental growth potential.
      1811 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing

      East Spartanburg Retail Development Opportunity

      Premium outparcels in a high-traffic, growing commercial corridor.
      2300 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      11,925 SF

      Versatile Commercial Building Near Hospital

      Adaptable commercial building suitable for medical, retail, or storage use.
      200 Dillon Cir, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      10,000 SF

      Prime Land on E. Main

      7.76 acres on a busy commercial corridor, redevelopment opportunity.
      2700 E Main St, Spartanburg, SC 29307
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      43,560 SF

      Retail Space in Spartanburg Center

      Retail space available in a busy, nationally anchored shopping center.
      1050 Fernwood Glendale Rd, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      11,700 SF

      Retail Outparcel on East Main

      Retail space available on a high-traffic corridor.
      1200 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing

      Retail Space in East Main

      Retail space for lease in Spartanburg's East Main Centre.
      2081 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      9,612 SF

      Retail Space in Spartanburg Center

      Retail space available in a Publix-anchored shopping center.
      1931 E Main St, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      24,000 SF

      Adaptable Commercial Space, High Visibility

      24,000 SF of customizable space with excellent I-85 visibility.
      415 Sha Ln, Spartanburg, SC 29307
      View Details
    • Contact for pricing
      2,150 SF

      Retail Space in Spartanburg Center

      Retail space available in Publix-anchored shopping center on Main St.
      1985-1989 E Main St, Spartanburg, SC 29307
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1854 Main St
    Spartanburg, SC 29307-2306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1854 Main St, Spartanburg, SC, 29307
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!