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Property profile & analytics
FOR LEASE
Community centers
435 E Main St Spartanburg, SC 29302
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US77-3102761
For Lease
1 / 3
$22.50 SF/Yr
435 E Main St, Spartanburg, SC 29302
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1965
Total area
18,580 SF
Lot
1.28 ac (55,931 SF)
APN
7-1211-12400
UPID
US77-3102761
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
-
Shama Jewelers (Bike/Boat/Book/etc) Store
-
Skillet Restaurant Restaurant
-
LUCKY STARS TOBACCO & VAPE, LLC (Bike/Boat/Book/etc) Store
-
LibertyX Bitcoin ATM Atm
-
Kinsmith Finance Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$394k
Blend (final)
Blend
$575k
Owner & transaction history
Bb 1031 LLC · 7 yrs held
Bb 1031 LLC
since 2018
5 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$31 / 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
$33,810
Tax year 2023
Assessed value
$69,863
Assessed 2023
Previous assessed
$69,863
+0.0% YoY
Effective rate
48.39%
On assessed value
Assessed land
$46,891
Assessed improvement
$22,972
Land market value
$906,100
Improvement market value
$443,900
Total market value
$1,350,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1965
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
18,580 SF
Lot
1.28 ac (55,931 SF)
APN
7-1211-12400
UPID
US77-3102761
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
1965
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Bb 1031 LLC
Entity
Mailing address
101 E WASHINGTON ST #400, GREENVILLE, SC 29601-4807
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
—
Rar Way Partners LLC
—
Deed
related
$2,270,000 · Park National Bank
Feb 1, 2019
—
Railway Partners LLC
—
Deed
related
$325,000 · Carolina Alliance Bank
Dec 21, 2018
$1,350,000
Bb 1031 LLC
Baehr Investment LLC
Warranty Deed
$675,000 · Carolina Alliance Bank
Nov 19, 2009
—
Baehr Investment LLC
John Paul Baehr
Deed
$816,000 · Carolina First Bank
Jun 1, 2005
$885,000
John P Baehr
Baker,stanley W & Paula B
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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