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Property profile & analytics
OFF-MARKET
Warehouses
206 Cherokee St Chesnee, SC 29323
Individually Owned
12-yr Hold
Free & Clear
Property ID
US77-0892008
Property summary
AI-generated overview
This exceptional investment opportunity in Chesnee, South Carolina, presents a combined offering of a thriving 28-unit storage facility and a sizable adjacent lot. The storage facility at 204 E. Cherokee Street boasts an impressive occupancy rate consistently exceeding 85% throughout its ownership history. This established business generates strong, reliable income. The adjacent 0.61-acre lot, located at 206 E. Cherokee Street, presents significant development potential. This flat, corner lot is ideally situated along Highway 11, a major thoroughfare with approximately 4,500 vehicles passing daily, offering excellent visibility and accessibility. The property's strategic location and high traffic count make it an attractive proposition for a variety of commercial uses. The combined sale price for both the storage facility and the land is $249,000
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
WOOD
Total area
4,480 SF
Lot
0.35 ac (15,246 SF)
APN
2-1410-04500
UPID
US77-0892008
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Brian R Guffey · 12 yrs held
Brian R Guffey
since 2014
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Chesnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesnee 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,716
Tax year 2023
Assessed value
$3,450
Assessed 2023
Previous assessed
$3,450
+0.0% YoY
Effective rate
49.74%
On assessed value
Assessed land
$616
Assessed improvement
$2,834
Land market value
$11,200
Improvement market value
$51,500
Total market value
$62,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
4,480 SF
Lot
0.35 ac (15,246 SF)
APN
2-1410-04500
UPID
US77-0892008
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
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.35 ac
Current owner
From public records · entity-resolved
Brian R Guffey
Individual
Free & Clear · 12 yrs held
Mailing address
297 SAWMILL RDG TRL, FOREST CITY, NC 28043-5818
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2014
$50,000
Brian R Guffey
Morgan,james R
Grant Deed
—
Dec 5, 2011
$22,500
James R Morgan
Jolly,roger D
Grant Deed
—
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.
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