195 Image Dr Spartanburg, SC 29303-2160
Property Lookup
Property profile & analytics
195 Image Dr Spartanburg, SC 29303-2160
- Auto shops
- 29,000 SF
- 4.00 lot acres
Property ID
US77-0735134
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.
Location Intelligence
Current Use by Public Records
- Caliber Collision / Auto Repair Shop
Property Details for 195 Image Dr
- Year built
- 2004
- Construction
- METAL FRAME
- Lot size
- 4.00 lot acres
- Property size
- 29,000 SF
- Property type
- Auto shops
- APN
- 6-1302-01107
- APU
- 6130201107
Description
This exceptional investment opportunity presents a fee-simple interest in a two-building, 39,000-square-foot Caliber Collision portfolio situated on a 4-acre lot in Spartanburg, South Carolina. The property, built in 2004 and renovated in 2014, boasts a Class A designation and features a single tenant, credit-rated Caliber Collision, under a Net Net + lease with a corporate guarantee. The lease, commencing March 13, 2015, has a remaining term of approximately 0.4 years, with a lease expiration date of March 30, 2025. The current Net Operating Income (NOI) is $168,870, with a pro-forma NOI of $179,010. Rent increases are subject to CPI adjustments every three years, capped at a maximum of 6%. The property is zoned GC and enjoys a 100% occupancy rate. Located at 195 Image Dr, Spartanburg, SC 29303, this portfolio benefits from its position in a high-traffic area, offering significant long-term upside potential due to below-market rent and the possibility of future lease renegotiations or individual leasing. The land value is estimated at $60-$100 per square foot. This is a value-add investment opportunity with a single-tenant industrial focus.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,490,000
- ML approach
- $2,490,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,661,000
- AI Estimate
- $2,164,000
Market price range: $1.08M - $3.70MMarket price range: $1.08M - $2.59M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $2,280,000 Current use
- OFFICE BUILDING
- $2,875,000 Change: +26% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,670,000 Change: +17% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $2,230,000 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
- -81.9713
- Latitude
- 34.9811
- 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
$29,869
$14,784
$64,698
$79,482
-
$246,400
$1,078,300
$1,324,700
