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Property profile & analytics
OFF-MARKET
Estimated value
$8,320,000
Investment properties
402 Main St 505, Anderson, SC 29621-5658
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US77-3075691
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1925
Total area
45,014 SF
Lot
0.29 ac (12,632 SF)
APN
123-29-19-004
UPID
US77-3075691
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
-
The Calhoun Lofts Condominium Rental Agency Executive Suite Rental Agency
-
Morton's Dry Goods Clothing Store
-
Girls Go There Salon Clothing & Fashion Store
-
W. M. Hair Designs Hair Salon
-
Bungalow Roots Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
$10.12M
Blend (final)
Blend
$8.32M
Owner & transaction history
Eh II Calhoun Lofts LLC · 10 yrs held
Eh II Calhoun Lofts LLC
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.2M
+35.3%
Retail stores
$7.2M
+18.6%
Office building
$6.8M
+12.1%
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 Anderson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anderson 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%
$9,370,000
6.5%
$8,650,000
7%
$8,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,065,000
Current use
RESTAURANT
$8,205,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$7,190,000
Change: +19% · Conversion: Easy
OFFICE BUILDING
$6,800,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$8.32M
Range $7.49M – $9.15M · ±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
$185 / 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
$98,690
Tax year 2023
Assessed value
$741,980
Assessed 2023
Previous assessed
$264,800
+180.2% YoY
Effective rate
13.30%
On assessed value
Assessed land
$7,580
Assessed improvement
$734,400
Total market value
$12,366,300
Applied tax rate
500.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1925
Heating
NONE
Total area
45,014 SF
Lot
0.29 ac (12,632 SF)
APN
123-29-19-004
UPID
US77-3075691
Jurisdiction
ANDERSON
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
COMMERCIAL (GENERAL) Current
Est. value
$6.1M
RESTAURANT
Est. value
$8.2M
RETAIL STORES
Est. value
$7.2M
OFFICE BUILDING
Est. value
$6.8M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
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
1925
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
Eh II Calhoun Lofts LLC
Entity
Mailing address
125 EDINBURGH S DR STE #210, CARY, NC 27511-6484
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2016
$3,878,333
Eh II Calhoun Lofts LLC
Anderson Historic Lofts LLC
Grant Deed
$3,650,000 · Cbre Cap Markets
Dec 30, 2014
—
Frances D Tayloe
Tayloe,frances D
Quit Claim Deed
related
—
Apr 25, 2013
$2,300,000
Db Aster III LLC
Master-in-equity Of Anderson Cnty
Trustees Deed
—
Mar 25, 2013
$4,922,041
Db Aster III LLC
American Lifestyle Cmntys INC
Warranty Deed
—
Oct 2, 2008
$203,000
Hinton L Tayloe
American Lifestyle Cmntys INC
Grant Deed
$162,400 · Wells Fargo Bank
Sep 27, 2006
$2,945,000
American Lifestyle Cmntys INC
Anderson Calhoun
Grant Deed
$4,400,000 · Branch Banking & Trust Co
—
—
Diane M Burden
—
Deed Of Trust
related
$37,000 · Capitalbank (anderson-hwy 81)
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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