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Property profile & analytics
OFF-MARKET
Estimated value
$14,905,000
Warehouses
2901 Blackstock Rd Spartanburg, SC 29301-5526
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-2768724
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1967
Construction
WOOD
Total area
335,628 SF
Lot
17.93 ac (781,031 SF)
APN
6-1700-04001
UPID
US77-2768724
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
-
Revman International Distribution Center Logistics Company
-
Piedmont Interstate Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.03M
Blend (final)
Blend
$14.91M
Owner & transaction history
Caribou 2901 N Blackstock Road LLC · 3 yrs held
Caribou 2901 N Blackstock Road LLC
since 2022
Last sale
$16.5M
6 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
$11,055,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$15,625,000
Current use
Blend value · Realmo final
$14.91M
Range $13.41M – $16.40M · ±10% · vs last sale $16.50M (Sep 30 2022)
Last sale anchor
$16.50M
Sep 30 2022
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
$44 / 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
$342,936
Tax year 2023
Assessed value
$990,000
Assessed 2023
Previous assessed
$990,000
+0.0% YoY
Effective rate
34.64%
On assessed value
Assessed land
$65,274
Assessed improvement
$924,726
Land market value
$1,087,900
Improvement market value
$15,412,100
Total market value
$16,500,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
335,628 SF
Lot
17.93 ac (781,031 SF)
APN
6-1700-04001
UPID
US77-2768724
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
WAREHOUSE, STORAGE Current
Est. value
$15.6M
WAREHOUSE, STORAGE Current
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
1967
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
17.93 ac
Current owner
From public records · entity-resolved
Caribou 2901 N Blackstock Road LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$16,500,000
Caribou 2901 N Blackstock Road LLC
Big Box Property Owner F 1 LLC
Special Warranty Deed
—
Mar 17, 2008
$6,562,500
2901 North Blackstock Exeter
Piedmont Investments I LLC
Grant Deed
—
Mar 17, 2008
—
2901 North Blackstock Exeter
Piedmont Investments I LLC
Quit Claim Deed
related
—
Jul 26, 2007
—
Piedmont Investments I LLC
Montgomery Industries
Quit Claim Deed
—
May 17, 2007
—
Montgomery Industries
Montgomery Industries INC
Quit Claim Deed
—
—
—
2901 North Blackstock Exeter
—
Deed Of Trust
related
$75,000,000 · Us Bank NA
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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