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    Property profile & analytics

    2998 Pne St Spartanburg, SC 29302-2910

    • Bars
    • 4,320 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimation
    $230,000
    Last Sale
    Apr 23, 2025
    $250,000
    Location Intelligence
    Property ID
    US77-1250240
    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.

    Current Use by Public Records

    • Bars

    Property Details for 2998 Pne St

    Year built
    1967
    Lot size
    1.15 lot acres
    Property size
    4,320 SF
    Property type
    Bars
    Property subtype
    Pubs
    APN
    7-1700-09100
    APU
    7170009100

    Description

    This exceptional 4,320-square-foot flex space/warehouse in Spartanburg, South Carolina, presents a compelling investment opportunity. Located on Pine Street (Hwy 9), this single-story building boasts ±250 square feet of office space and approximately 85 paved parking spaces. Completely renovated in 2021, the property features a new roof, updated electrical wiring, and 100% HVAC throughout. The clear-span ceilings maximize usable space, and the building offers two convenient entry/exit points directly onto Pine Street, providing excellent visibility and accessibility. A significant advantage is the large basement area, offering additional square footage beyond the stated 4,320 square feet (basement square footage not included in the total). The property's prime location on Hwy 9 ensures high visibility, with approximately 21,400 vehicles passing daily. Recent improvements include re-sealing of the parking lot. The building is divisible, making it suitable for multiple tenants or adaptable to various business needs. This move-in ready property is priced to sell at $315,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $215,000

    • CAP approach

      CAP return
      Estimation
      6%
      $280,000
      6.5%
      $300,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $315,000
      Mixed-Use
      $315,000
      Hospitality
      $255,000
      Educational
      $315,000
      Residential Income
      $300,000
      Energy
      $245,000
      Income-Based Land
      $255,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.8676
    Latitude
    34.9281
    CBSA code
    43900
    CBSA name
    SPARTANBURG, 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
    $4,064
    $1,948
    $7,892
    $9,840
    -
    $36,500
    $147,900
    $184,400

    Comparable in this City

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      1441 Un St

      BAR, TAVERN • 2,980 SF
      1441 Un St, Spartanburg, SC 29302-4128
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    • Value Estimation
      $300,000
      1,600 SF

      1135 Hwy 56

      BAR, TAVERN • 1,600 SF
      1135 Hwy 56, Spartanburg, SC 29302-3553
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    • Value Estimation by Request
      2,320 SF

      5310 Pne St

      BAR, TAVERN • 2,320 SF
      5310 Pne St, Spartanburg, SC 29302-5242
      View Details
    • Value Estimation by Request
      1,920 SF

      491 Nebo St

      BAR, TAVERN • 1,920 SF
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      View Details
    • Value Estimation by Request
      6,381 SF

      860 Main St

      RESTAURANT • 6,381 SF
      860 Main St, Spartanburg, SC 29302-2000
      View Details

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    2998 Pne St
    Spartanburg, SC 29302-2910
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    Realmo Value Estimation

    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.

    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.

    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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