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Property profile & analytics
OFF-MARKET
Estimated value
$5,920,000
Office buildings
320 Spruce St Spartanburg, SC 29303-3996
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-3013529
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Construction
WOOD
Total area
870 SF
Lot
8.01 ac (348,785 SF)
APN
7-0811-16801
UPID
US77-3013529
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
-
Hidden Park Real Estate Agency
-
Indian Express Catering Service Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.92M
Owner & transaction history
Hidden Park Owner LLC · 2 yrs held
Hidden Park Owner LLC
since 2024
Last sale
$6.6M
7 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
$5,445,000
ML approach
$4,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.92M
Range $5.33M – $6.51M · ±10% · vs last sale $6.64M (Apr 18 2024)
Last sale anchor
$6.64M
Apr 18 2024
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
$6,805 / 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
$131,662
Tax year 2023
Assessed value
$310,500
Assessed 2023
Previous assessed
$310,500
+0.0% YoY
Effective rate
42.40%
On assessed value
Assessed land
$15,644
Assessed improvement
$294,856
Land market value
$302,300
Improvement market value
$5,697,700
Total market value
$6,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Total area
870 SF
Lot
8.01 ac (348,785 SF)
APN
7-0811-16801
UPID
US77-3013529
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
Building & site characteristics
From public records
Year built
1974
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
8.01 ac
Current owner
From public records · entity-resolved
Hidden Park Owner LLC
Entity
Mailing address
401 W CONGRESS AVE STE #3250, AUSTIN, TX 78701-3734
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2024
$6,639,000
Hidden Park Owner LLC
320 Spruce St LLC
Limited Warranty Deed
$53,444,000 · Acore Capital Mortgage LP
Oct 4, 2022
—
320 Spruce St LLC
—
Deed
related
$7,302,000 · Walker & Dunlop LLC
Mar 10, 2020
—
320 Spruce St LLC
Hidden Park LLC
Quit Claim Deed
related
—
Mar 10, 2020
$6,000,000
320 Spruce St LLC
Hidden Park LLC
Limited Warranty Deed
—
Apr 4, 2018
—
Hidden Park LLC
—
Deed
related
$3,500,000 · Arbor Com'l Fndg I LLC
Mar 29, 2017
$2,575,000
Hidden Park LLC
320 Spruce Street Holdings LLC
Grant Deed
—
Jun 6, 2011
—
320 Spruce Street Holdings LLC
So Co Residential Partners LLC
Grant Deed
related
—
May 24, 2007
$2,200,000
So Co Residential Partners LLC
Hidden Park Apartments
Grant Deed
—
—
—
Hidden Park LLC
—
Deed Of Trust
related
$3,500,000 · Arbor Com'l Fndg I LLC
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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