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    218 City Sq Belton, SC 29627
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    Property profile & analytics

    218 City Sq, Belton, SC 29627

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    • Retail space
    • 3,990 SF
    • 0.05 lot acres
    For Sale
    View Listing →
    Downtown Belton Mixed-Use Investment For Sale
    Contact for pricing
    4,200 SF

    Downtown Belton Mixed-Use Investment

    Mixed-use property with retail and luxury apartment in Belton.

    218 City Sq, Belton, SC 29627
    View Listing
    Property ID
    US77-0766261
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Gemini Style Shop / Hair Salon / Nail Salon

    Property Details for 218 City Sq

    Lot size
    0.05 lot acres
    Property type
    Retail space
    APN
    249-03-11-012
    APU
    2490311012

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 13, 2016 — Saville,frances Trust — Trustees Deed · related $50k · Commercial Bk
    Nov 29, 2010 $60,000 Saville Frances Trust Hanks,danette P Grant Deed —
    Sep 12, 2007 — Danette P Hanks Owner Name Unavailable Grant Deed · related —
    Jul 8, 2004 $50,000 Danette P Hanks Marshall,harriett H Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Belton
    County
    Anderson
    State
    South Carolina
    Longitude
    -82.4931
    Latitude
    34.5227
    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
    $934
    $1,000
    $4,350
    $5,350
    -
    $0.00
    $0.00
    $102,237

    Comparable in this City

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      RETAIL STORES (PERSONAL SERVICES)
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      0.30 Acres

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      345 SF

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      RETAIL STORES (PERSONAL SERVICES)
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    Similar Nearby for Sale

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      Downtown Belton Mixed-Use Investment

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      Downtown Belton Mixed-Use Investment

      Mixed-use property with retail and apartment in growing area.
      220 City Sq, Belton, SC 29627
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      Downtown Belton Mixed-Use Investment

      Mixed-use property with retail and luxury apartment in Belton.
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      Belton Commercial Building For Sale

      Commercial building in Belton Social District, suitable for investors.
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      Downtown Belton Mixed-Use Investment

      Mixed-use property with retail and short-term rental income.
      312 City Sq, Belton, SC 29627
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    • $400,000

      Retail Space in Belton, SC

      Retail space for sale at 111 River St, Anderson, SC.
      111 River St, Belton, SC 29627
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    Similar Nearby for Lease

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      7,850 SF

      Former Retail Space in Belton

      Former Family Dollar retail space available for lease.
      607 S Main St, Belton, SC 29627
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      Retail Spaces Available For Lease

      Retail spaces available for lease at 605 S Main St.
      605 S Main St, Belton, SC 29627
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    • $1,500 /Mo
      12,632 SF

      Belton Commercial Space For Rent

      Prime commercial space in downtown Belton, South Carolina.
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      View Details
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      Belton Retail/Office Suites Available

      Multi-tenant strip center with retail/office suites for lease.
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      Former Union High School Available

      Former Union High School available for lease in Belton, SC.
      250 Union High Dr, Belton, SC 29627
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    • $12 SF/Yr
      6,700 SF

      Belton Assisted Living Facility

      Rare 6,700 SF Assisted Living
      250 Union High Dr, Belton, SC 29627
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    Belton, SC 29627
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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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