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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Office buildings
243 Blackstock Rd Spartanburg, SC 29301-2653
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1293711
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
BRICK
Total area
12,635 SF
Lot
1.26 ac (54,886 SF)
APN
6-2113-00102
UPID
US77-1293711
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
-
Superior Hair Studio Hair Salon
-
Computer Doc Mobile - Spartanburg - We Come To You! Computer & Electronic Repair Tech Support Center
-
Center For Neurology Medical Clinic
-
Pares Gonzalo F MD Physician Medical Clinic
-
Dr. Baker Neurologist Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
$3.21M
Comparable Approach
Comparable
$1.86M
Blend (final)
Blend
$2.35M
Owner & transaction history
East Blackstock LLC · 2 yrs held
East Blackstock LLC
since 2024
Last sale
$2.4M
3 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 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
$2,350,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$3,470,000
6.5%
$3,205,000
7%
$2,975,000
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Jul 12 2024)
Last sale anchor
$2.35M
Jul 12 2024
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
$186 / 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
$17,756
Tax year 2023
Assessed value
$41,400
Assessed 2023
Previous assessed
$41,400
+0.0% YoY
Effective rate
42.89%
On assessed value
Assessed land
$10,782
Assessed improvement
$30,618
Land market value
$214,700
Improvement market value
$609,700
Total market value
$824,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,635 SF
Lot
1.26 ac (54,886 SF)
APN
6-2113-00102
UPID
US77-1293711
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
1988
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
East Blackstock LLC
Entity
Mailing address
189 WOODRIDGE DR #401, SPARTANBURG, SC 29301-1206
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2024
$2,350,000
East Blackstock LLC
J & G Replacement Properties LLC
Deed
$1,950,000 · J & G Replacement Properties LLC
Feb 19, 2016
$1,109,600
J G Replacement Proeprties LLC
Neuburger Management INC
Deed
$2,219,000 · First Citizens Bank And Trust Co INC
—
—
Neuburger Management INC
—
Deed Of Trust
related
$948,000 · Carolina Alliance Bank
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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