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Property profile & analytics
OFF-MARKET
Estimated value
$3,075,000
Motels
488 Blackstock Rd Spartanburg, SC 29301-3645
Entity Owned
1-yr Hold
Free & Clear
Property ID
US77-1288185
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
BRICK
Total area
28,848 SF
Lot
1.96 ac (85,247 SF)
APN
6-2016-05300
UPID
US77-1288185
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
-
Super 8 by Wyndham Spartanburg/I-26 Exit 22 Hotel & Motel
-
Westside Affordable Towing and Recovery Auto Repair Shop
-
JR Used Tires & Auto Repair Auto Parts Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.97M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Om Shivaay LLC · 1 yrs held
Om Shivaay LLC
since 2025
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.2M
+560.5%
Medical building
$2.8M
+478.0%
Restaurant
$2.5M
+411.4%
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
$2,985,000
ML approach
$2,965,000
CAP Approach
CAP Return
Estimation
6%
$2,640,000
6.5%
$2,435,000
7%
$2,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,170,000
Change: +560% · Conversion: Difficult
MEDICAL BUILDING
$2,775,000
Change: +478% · Conversion: Difficult
RESTAURANT
$2,455,000
Change: +411% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,425,000
Change: +405% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,025,000
Change: +322% · Conversion: Difficult
Blend value · Realmo final
$3.08M
Range $2.77M – $3.38M · ±10% · vs last sale $3.50M (Apr 15 2025)
Last sale anchor
$3.50M
Apr 15 2025
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
$107 / 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
$44,007
Tax year 2023
Assessed value
$127,044
Assessed 2023
Previous assessed
$127,044
+0.0% YoY
Effective rate
34.64%
On assessed value
Assessed land
$18,342
Assessed improvement
$108,702
Land market value
$305,700
Improvement market value
$1,811,700
Total market value
$2,117,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
BRICK
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
28,848 SF
Lot
1.96 ac (85,247 SF)
APN
6-2016-05300
UPID
US77-1288185
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
OFFICE BUILDING
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
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
1998
Construction
BRICK
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
1.96 ac
Current owner
From public records · entity-resolved
Om Shivaay LLC
Entity
Free & Clear · 1 yrs held
Mailing address
488 S BLACKSTOCK RD, SPARTANBURG, SC 29301-3645
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 15, 2025
$3,500,000
Om Shivaay LLC
Shri Ram Holdings LLC
Deed
—
Apr 15, 2025
—
Om Shivaay LLC
Shri Ram Group LLC
Quitclaim Deed
related
—
Jun 4, 2021
$270,600
Shri Ram Holdings LLC
The Octavia Company
Deed
$216,000 · First Palmetto Bank
Aug 20, 2020
—
Shri Ram Group LLC
—
Deed
related
$1,500,000 · First Palmetto Bk
Feb 21, 2020
—
Shri Ram Group LLC
—
Deed
related
$1,050,000 · First Palmetto Bank
—
—
Shri Ram Group LLC
—
Deed Of Trust
related
$1,500,000 · First Palmetto Bk
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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