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Property profile & analytics
OFF-MARKET
Estimated value
$2,195,000
Showrooms
2450 Reidville Rd Spartanburg, SC 29301-3652
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US77-0781966
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Total area
13,141 SF
Lot
10.62 ac (462,651 SF)
APN
6-2016-02200
UPID
US77-0781966
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
-
Toyota Service Auto Repair Shop
-
Spartanburg Toyota Car Dealership
-
Toyota Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$2.20M
Owner & transaction history
2450 Rr LLC · 13 yrs held
2450 Rr LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+220.8%
Medical building
$1.9M
+72.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,890,000
6.5%
$2,670,000
7%
$2,480,000
Alternative Use
Use
Estimation
RESTAURANT
$3,500,000
Change: +221% · Conversion: Difficult
MEDICAL BUILDING
$1,880,000
Change: +72% · Conversion: Easy
Blend value · Realmo final
$2.20M
Range $1.98M – $2.41M · ±10%
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
$167 / 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
$107,207
Tax year 2023
Assessed value
$309,492
Assessed 2023
Previous assessed
$309,492
+0.0% YoY
Effective rate
34.64%
On assessed value
Assessed land
$119,580
Assessed improvement
$189,912
Land market value
$1,993,000
Improvement market value
$3,165,200
Total market value
$5,158,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,141 SF
Lot
10.62 ac (462,651 SF)
APN
6-2016-02200
UPID
US77-0781966
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$1.9M
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
10.62 ac
Current owner
From public records · entity-resolved
2450 Rr LLC
Entity
Mailing address
2450 REIDVILLE RD, SPARTANBURG, SC 29301-3652
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2020
—
2450 Rr LLC
—
Deed
related
$5,000,000 · Park National Bank
Jun 24, 2016
—
2450 Rr LLC
—
Deed
related
$6,112,788 · Wells Fargo Bk
Dec 28, 2012
—
2450 Rr LLC
Edwards,david W & Sandra D
Grant Deed
—
Nov 1, 2006
—
Jsi Boyd LLC
Darnall W Boyd
Limited Warranty Deed
—
Oct 30, 2006
—
David W Edwards
—
Deed Of Trust
related
$1,100,000 · Community S Bank & Trust
Jul 10, 2006
$1,322,500
Darnall W Boyd
2200 East Main Properties LLC
Grant Deed
—
—
—
2450 Rr LLC
—
Deed Of Trust
related
$6,112,788 · Wells Fargo Bk
—
—
David W Edwards
—
Deed Of Trust
related
$1,308,628 · Community S Bank & Trust
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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