Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    449 Church St Spartanburg, SC 29306-5211

    • Day care centers
    • 1,148 SF
    • 9.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0962092
    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.

    Current Use by Public Records

    • Day care centers

    Property Details for 449 Church St

    Lot size
    9.02 lot acres
    Property size
    1,148 SF
    Property type
    Day care centers
    APN
    7-1603-25700
    APU
    7160325700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spartanburg
    County
    Spartanburg
    State
    South Carolina
    Longitude
    -81.9262
    Latitude
    34.9368
    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
    $1,650
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,512 SF

      352 Spg St

      DAY CARE, PRE-SCHOOL • 3,512 SF
      352 Spg St, Spartanburg, SC 29306-5263
      View Details
    • Value Estimation by Request
      14.90 Acres

      1214 John B White Sr Blvd

      DAY CARE, PRE-SCHOOL • 14.90 Acres
      1214 John B White Sr Blvd, Spartanburg, SC 29306-3930
      View Details
    • Value Estimation by Request
      31.16 Acres

      150 Old Canaan Rd Ext

      DAY CARE, PRE-SCHOOL • 31.16 Acres
      150 Old Canaan Rd Ext, Spartanburg, SC 29306-6220
      View Details
    • Value Estimation by Request
      1,830 SF

      125 Southport Rd

      DAY CARE, PRE-SCHOOL • 1,830 SF
      125 Southport Rd, Spartanburg, SC 29306-3815
      View Details
    • Value Estimation by Request
      1,218 SF

      301 Cres Ave

      DAY CARE, PRE-SCHOOL • 1,218 SF
      301 Cres Ave, Spartanburg, SC 29306-4143
      View Details
    • Value Estimation by Request
      2,400 SF

      140 Southport Rd

      DAY CARE, PRE-SCHOOL • 2,400 SF
      140 Southport Rd, Spartanburg, SC 29306-3861
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Caliber Collision NNN Investment Opportunity

      Recently renewed 15-year NNN corporate lease with zero landlord responsibilities.
      119 Southport Rd, Spartanburg, SC 29306
      View Details
    • $315,000

      Southport Road Acreage For Sale

      77+/- acres on Southport Road, suitable for retail.
      2081 Southport Rd, Spartanburg, SC 29306
      View Details
    • $150,000

      Land For Sale Spartanburg

      Land available for sale in Spartanburg, South Carolina.
      525 John B White Sr Blvd, Spartanburg, SC 29306
      View Details
    • $550,000
      7,000 SF

      7,000 SF Building on 1.19 Acres

      7,000 SF building on 1.19 acres with 100 parking spaces.
      93 Kensington Dr, Spartanburg, SC 29306
      View Details
    • $125,000
      4.66 Acres

      Residential Lot in Spartanburg, SC

      Residential lot available in Spartanburg, South Carolina.
      Canaan Church Rd, Spartanburg, SC 29306
      View Details
    • Contact for pricing
      0.17 Acres

      Residential Lot in Spartanburg, SC

      Buildable lot near downtown and new baseball stadium.
      265 Caulder Ave, Spartanburg, SC 29306
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      37,026 SF

      Downtown Spartanburg Mixed-Use

      Prime .85-acre urban redevelopment site.
      100 Kennedy St, Spartanburg, SC 29306
      View Details
    • $3 SF/Yr
      5,295 SF

      Spartanburg Office Space for Lease

      600 SF Executive Office, Downtown Spartanburg
      631 Union St, Spartanburg, SC 29306
      View Details
    • $5 SF/Yr
      8,000 SF

      Spartanburg Warehouse with Fenced Yard

      8,000 SF warehouse with fenced yard for lease.
      360 S Daniel Morgan Ave, Spartanburg, SC 29306
      View Details
    • $24 SF/Yr
      16,264 SF

      Downtown Spartanburg Office Space

      Unique office space in Spartanburg's Central Business District.
      150 E Henry St, Spartanburg, SC 29306
      View Details
    • $21 SF/Yr
      2,963 SF

      Class A Office Space

      Professional office space on Spartanburg's Westside with high visibility.
      1460 John B White Sr Blvd, Spartanburg, SC 29306
      View Details
    • $16 SF/Yr
      1,587 SF

      Downtown Spartanburg Office/Retail Space

      Office or retail space for lease in downtown Spartanburg.
      300 Union St, Spartanburg, SC 29306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    449 Church St
    Spartanburg, SC 29306-5211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.