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Property profile & analytics
FOR LEASE
Community centers
200 Dawn Redwood Dr Spartanburg, SC 29307
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-0619737
For Lease
1 / 2
$16 SF/Yr
200 Dawn Redwood Dr, Spartanburg, SC 29307
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Construction
CONCRETE BLOCKS
Total area
11,712 SF
Lot
1.01 ac (44,213 SF)
APN
7-0900-01814
UPID
US77-0619737
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
-
Crowned Beauty Studio Hair Salon Nail Salon
-
Harper and Friends Dog Grooming, LLC Pet Grooming Service
-
Eat Street Grill - Spartanburg Restaurant
-
LibertyX Bitcoin ATM Atm
-
East Star Nail & Spa LLC Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.37M
Owner & transaction history
Shank INC · 5 yrs held
Shank INC
since 2020
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+86.2%
Office building
$1.1M
+24.4%
Retail stores
$960,000
+6.4%
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
$1,300,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Current use
MEDICAL BUILDING
$1,675,000
Change: +86% · Conversion: Difficult
OFFICE BUILDING
$1,120,000
Change: +24% · Conversion: Moderate
RETAIL STORES
$960,000
Change: +6% · Conversion: Easy
COMMERCIAL (GENERAL)
$955,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$920,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.37M
Range $1.23M – $1.50M · ±10% · vs last sale $1.43M (Dec 17 2020)
Last sale anchor
$1.43M
Dec 17 2020
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
$117 / 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
$35,793
Tax year 2023
Assessed value
$74,694
Assessed 2023
Previous assessed
$74,694
+0.0% YoY
Effective rate
47.92%
On assessed value
Assessed land
$21,390
Assessed improvement
$53,304
Land market value
$356,500
Improvement market value
$888,400
Total market value
$1,244,900
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,712 SF
Lot
1.01 ac (44,213 SF)
APN
7-0900-01814
UPID
US77-0619737
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$900,000
MEDICAL BUILDING
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$955,000
AUTO REPAIR, GARAGE
Est. value
$920,000
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Shank INC
Entity
Mailing address
3523 INTERLACHEN DR, MARTINEZ, GA 30907-9528
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2020
$1,433,333
Shank INC
200 Dawn Redwood LLC
Deed
$1,003,331 · Security Federal Bank
Jan 11, 2019
$740,000
200 Dawn Redwood LLC
Spartanburg Venture No One LP
Grant Deed
—
Jan 11, 2019
—
Spartanburg Venture No One LP
Wal-mart Stores East INC
Quit Claim Deed
related
—
—
—
Spartanburg Venture No One LP
—
Deed Of Trust
related
$162,000 · Macon Bank & Trust Co
—
—
Venture 1 Spartanburg
—
Deed Of Trust
related
$1,900,000 · Macon Bank & Trust Co
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?”
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