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    2002 Main St Anderson, SC 29621-3869
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    Property profile & analytics

    2002 Main St, Anderson, SC 29621-3869

    View on Map
    • Office buildings
    • 2,919 SF
    • 0.69 lot acres
    Off-Market
    Last Sale Aug 30, 2024
    $885,000
    Property ID
    US77-2741225
    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
    $885,000
    Show details
    Cap Rate Potential
    5.8%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Direct Auto Insurance / Insurance Agency
    • Assure Insurance / Insurance Agency

    Property Details for 2002 Main St

    Lot size
    0.69 lot acres
    Property type
    Office buildings
    APN
    122-16-05-059
    APU
    1221605059

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 30, 2024 $885,000 Ryan D Childers Sweet Disposition LLC Deed $294k · Sweet Disposition LLC A South Carol
    Feb 22, 2023 — Sweet Disposition LLC — Deed · related $520k · Coastal Carolina National Bank
    Dec 2, 2019 $600,000 Sweet Disposition LLC R Louis Grant Deed $460k · Countybank
    Apr 2, 2019 — R Louis Thomas,r Louis Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $885,000
      ML approach
      $885,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $855,000
      6.5%
      $790,000
      7%
      $730,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $647,000
      Market price range: $255k - $648k
      AI Estimate
      $557,000
      Market price range: $240k - $558k

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

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.6564
    Latitude
    34.5229
    CBSA code
    24860
    CBSA name
    GREENVILLE-ANDERSON, 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
    $17,226
    $10,820
    $51,500
    $62,320
    -
    $0.00
    $0.00
    $1,038,804

    Comparable in this City

    • Value Estimation by Request
      3,056 SF

      819 Fant St

      OFFICE BUILDING
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      View Details
    • Value Estimation
      $520,000
      7,171 SF

      1221 Fant St

      OFFICE BUILDING
      1221 Fant St, Anderson, SC 29621-4821
      View Details
    • Value Estimation
      $1,020,000
      4,480 SF

      1657 Greenville St

      OFFICE BUILDING
      1657 Greenville St, Anderson, SC 29621-2062
      View Details
    • Value Estimation
      $3,815,000
      24,195 SF

      1655 Greenville St

      OFFICE BUILDING
      1655 Greenville St, Anderson, SC 29621-2062
      View Details
    • Value Estimation by Request
      356 SF

      4318 Belton Hwy

      OFFICE BUILDING
      4318 Belton Hwy, Anderson, SC 29621-4908
      View Details
    • Value Estimation
      $540,000
      3,315 SF

      105 Buford Ave

      OFFICE BUILDING
      105 Buford Ave, Anderson, SC 29621-3313
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Downtown Anderson Two-Story Office Building

      Two-story office building in downtown Anderson with private parking.
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      Freestanding Office Building For Sale

      Two-story office building with basement, ideal for office use.
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      Prime Commercial Land I-85 Frontage

      High-traffic commercial land with I-85 frontage in Anderson, SC.
      105 Destination Blvd, Anderson, SC 29621
      View Details
    • $499,000
      0.25 Acres

      Prime Anderson Business Location

      Excellent visibility, move-in ready office space with parking.
      2006 N Main St, Anderson, SC 29621
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    • $925,000

      Versatile Property Near AnMed Hospital

      Versatile 4,300 SF property suitable for office or retail.
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    Similar Nearby for Lease

    • $500 /Mo

      Modern Office Space Available

      Updated office space with 9 offices, conference room, and breakroom.
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      View Details
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      43,560 SF

      Main Street Office Space Available

      2800 SF Class A office space for rent.
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      View Details
    • $1,300 /Mo

      Office Space Near Downtown Anderson

      Office suite with three private offices, reception, and kitchenette.
      1214 North Main Street Ext, Anderson, SC 29621
      View Details
    • Contact for pricing
      4,200 SF

      Office Space with Recent Upgrades

      Office space featuring new exterior paint and resurfaced parking lot.
      120 E West Pkwy, Anderson, SC 29621
      View Details
    • $3,400 /Mo

      Class A Office Space

      Professional office suite for rent in Anderson, SC.
      2315 N Main St, Anderson, SC 29621
      View Details
    • $9 SF/Yr

      Miracle Mile Commercial Building

      Approximately 4000 SF building for lease with high visibility.
      102 Miracle Mile Dr, Anderson, SC 29621
      View Details
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    Anderson, SC 29621-3869
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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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