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Property profile & analytics
OFF-MARKET
Estimated value
$1,350,000
Medical Office Space
479 Heywood Ave Spartanburg, SC 29307-1726
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-0997127
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
BRICK
Total area
11,314 SF
Lot
1.42 ac (61,855 SF)
APN
7-1204-01122
UPID
US77-0997127
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
-
Dr. Michael W. Holmes, MD Ophthalmologist
-
Palmetto Eye & Laser Center: David W. Nicholson, M.D. Ophthalmologist
-
Dr. Robert J. Haas, MD Ophthalmologist
-
Dr. Billy Haguewood Physician
-
palmettoeye Laser Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$953k
Blend (final)
Blend
$1.35M
Owner & transaction history
Retina Consultants Holdings Heywood · 2 yrs held
Retina Consultants Holdings Heywood
since 2024
Last sale
$1.4M
6 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
$1,350,000
ML approach
$1,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,620,000
Current use
Blend value · Realmo final
$1.35M
Range $1.22M – $1.49M · ±10% · vs last sale $1.35M (Mar 12 2024)
Last sale anchor
$1.35M
Mar 12 2024
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
$119 / 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
$27,550
Tax year 2023
Assessed value
$57,000
Assessed 2023
Previous assessed
$57,000
+0.0% YoY
Effective rate
48.33%
On assessed value
Assessed land
$12,990
Assessed improvement
$44,010
Land market value
$216,500
Improvement market value
$733,500
Total market value
$950,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,314 SF
Lot
1.42 ac (61,855 SF)
APN
7-1204-01122
UPID
US77-0997127
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
MEDICAL BUILDING Current
Est. value
$1.6M
MEDICAL BUILDING Current
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Retina Consultants Holdings Heywood
Entity
Mailing address
1126 GRV RD, GREENVILLE, SC 29605-4620
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
$1,350,000
Retina Consultants Holdings Heywood
Heywood Partners LLC
Warranty Deed
$1,080,000 · First Citizens Bank & Trust Co
Sep 9, 2022
$950,000
Heywood Partners LLC
Tico Partners LLC
Special Warranty Deed
$840,000 · First Piedmont Fsla
Feb 27, 2018
—
Tico Partners LLC
—
Grant Deed
related
$14,978,000 · Branch Bk&tr
Aug 30, 2016
—
Tico Partners LLC
—
Trustees Deed
related
$64,300 · Regions Bk
—
—
Tico Partners LLC
—
Loan Modification
related
$1,632,000 · Regions Bk
—
—
Tico Partners LLC
—
Deed Of Trust
related
$515,000 · Branch Bk&tr
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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