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    360 Spartanburg Hwy Wellford, SC 29385
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    Property profile & analytics

    360 Spartanburg Hwy, Wellford, SC 29385

    View on Map
    • Community centers
    • 7,500 SF
    • 0.62 lot acres
    Off-Market
    Last Sale Jul 21, 2021
    $980,000
    Property ID
    US77-0311190
    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.
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 360 Spartanburg Hwy

    Year built
    2016
    Lot size
    0.62 lot acres
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5-1508-01604
    APU
    5150801604

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 20, 2022 — Skp Investment Properties LLC — Deed · related $910k · Firstbank
    Jul 21, 2021 $980,000 Skp Investment Propertis LLC 128 East Main Street Duncan LLC Deed —
    Aug 21, 2009 $220,000 128 East Main Street Duncan LLC William J Copses Deed $215k · First Citizens Bank And Trust Co In
    Jun 8, 2007 — 350 South Spartanburg Highway — Trustees Deed · related $714k · Greenville First Bank
    May 2, 2007 — Brian K Armstrong Armstrong,mary L Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $600,000
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $890,000
      Market price range: $343k - $911k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Current use
      MEDICAL BUILDING
      $1,105,000
      Change: +87% Conversion: Difficult
      OFFICE BUILDING
      $765,000
      Change: +29% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $650,000
      Change: +10% Conversion: Easy
      RETAIL STORES
      $595,000
      Change: +1% Conversion: Easy
      AUTO REPAIR, GARAGE
      $590,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wellford
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -82.1136
    Latitude
    34.9538
    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
    $24,951
    $10,272
    $50,637
    $60,909
    -
    $175,500
    $865,100
    $1,040,600

    Comparable in this City

    • Value Estimation by Request
      1,791 SF

      2656 John Dodd Rd

      MINI-MALL
      2656 John Dodd Rd, Wellford, SC 29385-9552
      View Details
    • Value Estimation by Request
      6,400 SF

      10543 Greenville Hwy

      MINI-MALL
      10543 Greenville Hwy, Wellford, SC 29385-9541
      View Details
    • Value Estimation by Request
      680 SF

      911 Main St

      AUTO REPAIR, GARAGE
      911 Main St, Wellford, SC 29385-9565
      View Details
    • Value Estimation by Request
      1,758 SF

      431 Old Spartanburg Hwy

      SERVICE STATION (FULL SERVICE)
      431 Old Spartanburg Hwy, Wellford, SC 29385-9641
      View Details
    • Value Estimation
      $1,205,000
      9,230 SF

      200 Craft St

      RETAIL STORES (PERSONAL SERVICES)
      200 Craft St, Wellford, SC 29385
      View Details
    • Value Estimation
      $690,000
      5,649 SF

      506 Greenville Hwy

      AUTO REPAIR, GARAGE
      506 Greenville Hwy, Wellford, SC 29385
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,816 SF

      Wellford Car Wash For Sale

      Car wash with a new 15-year NNN lease.
      172 Tucapau Rd, Wellford, SC 29385
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    • $69,900
      0.52 Acres

      Residential Lot Near Lake Cooley

      0.52 acre residential lot near Lake Cooley.
      104 Rocky Water Pt, Wellford, SC 29385
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    • Contact for pricing

      Available Land Near I-85

      Land parcels available near I-85, Inland Port, and Airport.
      1 Fort Prince Blvd, Wellford, SC 29385
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      Highway 129 Visible Land

      Land with utilities, close to I-85, I-26, Inland Port.
      514 Dewayne Dr, Wellford, SC 29385
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      310,960 SF

      Proposed Industrial Buildings Near I-26

      Proposed industrial buildings with convenient interstate and rail access.
      267 New Hope Dr, Wellford, SC 29385
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    • Contact for pricing

      Land on Greenville Highway

      Strategically located land suitable for development or office space.
      10422 E Greenville Hwy, Wellford, SC 29385
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    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Office Space Near I-85

      Flexible office space near I-85 and major transportation hubs.
      1101 Syphrit Rd, Wellford, SC 29385
      View Details
    • Contact for pricing
      500,400 SF

      Wellford Warehouse Space Available

      500,400 SF warehouse space for lease in Wellford.
      741 Distribution Way, Wellford, SC 29385
      View Details
    • Contact for pricing

      Wellford Distribution Warehouse Available

      Distribution warehouse available for rent in Wellford, South Carolina.
      720 Distribution Way, Wellford, SC 29385
      View Details
    • Contact for pricing
      249,600 SF

      Industrial Property Near I-26

      Proposed industrial buildings with convenient access to major transportation routes.
      236 New Hope Dr, Wellford, SC 29385
      View Details
    • Contact for pricing
      277,648 SF

      Industrial Space Available for Lease

      Industrial spaces available for lease, ranging from 277,648 to 917,694 SF.
      520 Logistics Dr, Wellford, SC 29385
      View Details
    • Contact for pricing
      248,000 SF

      Wellford Warehouse Space Available

      166,000 sq ft warehouse/distribution space for lease.
      370 Old Spartanburg Hwy, Wellford, SC 29385
      View Details
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    Wellford, SC 29385
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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