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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
3124 Boiling Spgs Rd Boiling Springs, SC 29316-6007
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1398933
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Construction
METAL FRAME
Total area
8,400 SF
Lot
0.63 ac (27,538 SF)
APN
2-4410-04300
UPID
US77-1398933
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$905k
Owner & transaction history
Boiling Springs Bells LLC · 2 yrs held
Boiling Springs Bells LLC
since 2023
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+207.4%
Office building
$805,000
+105.4%
Retail stores
$685,000
+75.7%
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 Boiling Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boiling Springs 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
$885,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,200,000
Change: +207% · Conversion: Difficult
OFFICE BUILDING
$805,000
Change: +105% · Conversion: Difficult
RETAIL STORES
$685,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$685,000
Change: +75% · Conversion: Difficult
AUTO REPAIR, GARAGE
$660,000
Change: +69% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: +65% · Conversion: Moderate
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $1.20M (Nov 29 2023)
Last sale anchor
$1.20M
Nov 29 2023
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
$108 / 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
$7,403
Tax year 2023
Assessed value
$21,080
Assessed 2023
Previous assessed
$21,080
+0.0% YoY
Effective rate
35.12%
On assessed value
Assessed land
$10,471
Assessed improvement
$10,609
Land market value
$190,000
Improvement market value
$192,500
Total market value
$382,500
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,400 SF
Lot
0.63 ac (27,538 SF)
APN
2-4410-04300
UPID
US77-1398933
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
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING
Est. value
$805,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Boiling Springs Bells LLC
Entity
Mailing address
520 SS AVEC, CLEARWATER, FL 33759
Ownership since
2023
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
Nov 29, 2023
$1,200,000
Boiling Springs Bells LLC
Gene Craig Sims
Deed
$74,315,708 · First Horizon Bank
Nov 29, 2023
—
Boiling Spring Bells LLC
Gene Craig Sims
Quit Claim Deed
related
—
Aug 30, 2007
—
G Craig Sims
—
Trustees Deed
related
$600,000 · Palmetto 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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