Entity Owned Property summary
AI-generated overview
This exceptional Class A office building, located at 201 E 1st Ave in Downtown Easley, SC 29640, presents a compelling investment or owner-user opportunity. The 6,258 square foot building, constructed in 2007, sits on a 1.033-acre lot and is zoned for Core Commercial use. Currently configured as a medical and traditional office space, the building features two stories, with 3,749 square feet available on the ground floor. The interior boasts 10 offices and multiple conference rooms, complemented by ample on-site parking. Recent interior and exterior renovations enhance the property's appeal. The asking price is $1,200,000, translating to $191.75 per square foot. The Net Operating Income (NOI) stands at $37,635. This property is a Triple Net (NNN) lease. Its strategic location in the thriving Downtown Easley area offers excellent visibility and accessibility, making it ideal for a variety of businesses. The surrounding area demonstrates strong demographic indicators, including favorable household income and population density within a 1, 3, and 5-mile radius. This presents a rare chance to acquire a well-maintained, high-quality office building in a desirable location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
FRAME
Total area
6,258 SF
Zoning code
CORE COMMERCIAL DIST
APN
5019-16-93-5956
UPID
US77-0560840
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
$935k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$810k
Owner & transaction history
since 2022
Last sale
$950,000
1 recorded transaction
Zoning & alternative use
CORE COMMERCIAL DIST · Easley, SC
Top alternative use upside
Apartment house (5+ units)
$1.2M
+77.9%
Medical building
$1.1M
+70.0%
Office building
$780,000
+17.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$810k
Value range
$729k – $891k
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
40
$729k
blend $810k
$891k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,258 SF
Year built
1987
Stories
2
APN
5019-16-93-5956
Zoning
CORE COMMERCIAL DIST
Assessed value
$33,730
Annual tax
$8,673
3
Income approach: direct capitalization
Partial preview
Income approach indication
$935k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.02M
@ 6.5% CAP return
$935k
@ 7% CAP return
$870k
4
Sales comparison
Partial preview
Sales approach indication
$519k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.8 mi away · 5,916 SF
24.3 mi away · 7,250 SF
24.5 mi away · 7,200 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$810k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$106
+22%
Submarket 33 sales
$96
+34%
County 65 sales
$103
+26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $129/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+78%
vs current-use indication
Medical Building
Office Building
Retail Stores · current use
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.50%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.50%
9.0%
NOI (est.)
$67k *
Last sale · Apr 2025
$950k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$887k
Move the market yield to see immediate price impact.
Value / SF
$142
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.00%7.50%8.00%
$60k
$855k
$798k
$748k
$67k
$950k
$887k
$831k
$73k
$1.05M
$975k
$914k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$640k
21.3 mi · Jan 2026 · $98/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,673
Tax year 2023
Assessed value
$33,730
Assessed 2023
Previous assessed
$46,200
-27.0% YoY
Effective rate
25.71%
On assessed value
Assessed land
$12,000
Assessed improvement
$21,730
Land market value
$200,000
Improvement market value
$362,200
Total market value
$562,200
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Total area
6,258 SF
Zoning code
CORE COMMERCIAL DIST
APN
5019-16-93-5956
UPID
US77-0560840
Jurisdiction
PICKENS
Zoning & alternative use
CORE COMMERCIAL DIST · Easley, SCZoning CORE COMMERCIAL DIST · permitted uses
CORE COMMERCIAL DIST · Easley, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
HEAT PUMP
Stories
2
Units
1
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CORE COMMERCIAL DIST
Jurisdiction
Easley, SC
Recorded code
CORE COMMERCIAL DIST
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CORE COMMERCIAL DIST in Easley, SC.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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?”
You own 201 1st Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
