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Property profile & analytics
OFF-MARKET
Estimated value
$12,345,000
Warehouses
40 Tyger Riv Dr Duncan, SC 29334-8844
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0308185
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2008
Total area
223,832 SF
Lot
31.43 ac (1,369,221 SF)
APN
5-2600-02422
UPID
US77-0308185
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
-
Dun Warehouse Corporate Office
-
PL Development Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.52M
Blend (final)
Blend
$12.35M
Owner & transaction history
Caribou 40 Tyger River Drive LLC · 3 yrs held
Caribou 40 Tyger River Drive LLC
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$19.4M
+73.8%
Retail stores
$17.7M
+58.4%
Neighborhood: shopping center
$17.6M
+57.6%
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 Duncan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Duncan 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,185,000
Current use
COMMERCIAL (GENERAL)
$19,440,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$17,720,000
Change: +58% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,630,000
Change: +58% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,585,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$12.35M
Range $11.11M – $13.58M · ±10%
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
$55 / 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
$206,914
Tax year 2023
Assessed value
$590,166
Assessed 2023
Previous assessed
$590,166
+0.0% YoY
Effective rate
35.06%
On assessed value
Assessed land
$43,497
Assessed improvement
$546,669
Land market value
$1,343,500
Improvement market value
$16,885,000
Total market value
$18,228,500
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2008
Heating
SPACE
Cooling
NONE
Stories
1
Total area
223,832 SF
Lot
31.43 ac (1,369,221 SF)
APN
5-2600-02422
UPID
US77-0308185
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
WAREHOUSE, STORAGE Current
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$19.4M
RETAIL STORES
Est. value
$17.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$17.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2008
Heating
SPACE
Cooling
Yes
Stories
1
Lot
31.43 ac
Current owner
From public records · entity-resolved
Caribou 40 Tyger River Drive LLC
Entity
Mailing address
100 W MATSONFORD RD #250, RADNOR, PA 19087-4558
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
Aribou 2901 N Blackstock Road LLC
—
Deed
related
$381,000,000 · Ocbc Bank
Sep 13, 2022
—
Caribou 40 Tyger River Drive LLC
Big Box Property Owner D LLC
Quit Claim Deed
related
—
Jan 27, 2021
—
Big Box Property Owner D LLC
—
Deed
related
$294,000,000 · Miscellaneous Ins Co
Dec 30, 2015
—
Big Box Property Owner D LLC
Exeter 40 Tyger River LLC
Grant Deed
related
$239,000,000 · Miscellaneous Ins Co
Dec 5, 2013
—
Exeter 40 Tyger River LLC
Alliance Hsp Duncan Warehouse
Grant Deed
—
Feb 1, 2011
—
Hsp Duncan Warehouse Alliance
Commonwealth Hillside LLC
Deed In Lieu Of Foreclosure
related
—
—
—
Exeter 40 Tyger River LLC
—
Deed Of Trust
related
$46,795,000 · Wells Fargo Bk
—
—
Big Box Property Owner D LLC
—
Deed Of Trust
related
$294,000,000 · Miscellaneous Ins Co
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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