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Property profile & analytics
FOR SALE
Industrial properties
294 Grace Ave Lancaster, SC 29720
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1704663
For Sale
Contact for pricing
294 Grace Ave, Lancaster, SC 29720
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1950
Construction
STEEL FRAME
Total area
1,171,311 SF
Lot
336.93 ac (14,676,671 SF)
Zoning code
HI
APN
0083-00-007.00
UPID
US77-1704663
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
-
Springs Global Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.10M
Owner & transaction history
City Of Lancaster · 18 yrs held
City Of Lancaster
since 2008
Last sale
$4.5M
4 recorded transactions
Zoning & alternative use
HI · Lancaster, SC
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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
$5,345,000
ML approach
$6,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±10% · vs last sale $4.50M (Jan 2 2020)
Last sale anchor
$4.50M
Jan 2 2020
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
$4 / 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
$51,150
Tax year 2023
Assessed value
$150,000
Assessed 2023
Previous assessed
$150,000
+0.0% YoY
Effective rate
34.10%
On assessed value
Assessed land
$30,000
Assessed improvement
$120,000
Land market value
$500,000
Improvement market value
$2,000,000
Total market value
$2,500,000
Applied tax rate
1.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1950
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
3
Total area
1,171,311 SF
Lot
336.93 ac (14,676,671 SF)
Zoning code
HI
APN
0083-00-007.00
UPID
US77-1704663
Jurisdiction
LANCASTER
Zoning & alternative use
HI · Lancaster, SCZoning HI · permitted uses
HI · Lancaster, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Lot
336.93 ac
Current owner
From public records · entity-resolved
City Of Lancaster
Entity
Free & Clear · 18 yrs held
Mailing address
205 N WHITE ST, FORT MILL, SC 29715-1654
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2024
—
Springs Global Us INC
—
Deed
related
$1,500,000 · Sky Sc LLC
Apr 21, 2017
—
Springs Global Us INC
—
Grant Deed
related
$63,575,000 · Wells Fargo Bk
Jul 25, 2008
—
City Of Lancaster
Springs Global Us INC
Grant Deed
—
Dec 30, 2005
—
Springs Global Us INC
Springs Industries INC
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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