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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 Montague Ave Greenwood, SC 29649-1942

    • Office buildings
    • 8,960 SF
    OFF-MARKET
    Last Sale
    Jul 06, 2021
    $600,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1525145
    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

    • Re/Max Action Realty / Real Estate Agency
    • McDill Real Estate / Real Estate Agency
    • Re/Max Action Realty: Gail Bowers / Real Estate Agency
    • Jennifer Johnston Motto Mortgage Action / Loan Service / Bank
    • Motto Mortgage Action / Loan Service / Bank

    Property Details for 500 Montague Ave

    Year built
    1948
    Property size
    8,960 SF
    Property type
    Office buildings
    APN
    6846-559-427
    APU
    6846559427

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $745,000
      Market price range: $496k - $1.02M
      AI Estimate
      $745,000
      Market price range: $496k - $1.02M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $690,000
      Current use
      COMMERCIAL (GENERAL)
      $635,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Greenwood
    State
    South Carolina
    Longitude
    -82.1723
    Latitude
    34.2033
    CBSA code
    24940
    CBSA name
    GREENWOOD, SC MICROPOLITAN 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
    $16,232
    $0.00
    $0.00
    $36,000
    -
    $269,500
    $330,500
    $600,000

    Comparable in this City

    • Value Estimation by Request
      1,764 SF

      414 Roseland Dr

      OFFICE BUILDING • 1,764 SF
      414 Roseland Dr, Greenwood, SC 29649-1455
      View Details
    • Value Estimation by Request
      271 SF

      3105 Hwy 72nd 221st E

      OFFICE BUILDING • 271 SF
      3105 Hwy 72nd 221st E, Greenwood, SC 29649-9770
      View Details
    • Value Estimation
      $935,000
      13,540 SF

      1319 Hwy 72nd 221st E

      OFFICE BUILDING • 13,540 SF
      1319 Hwy 72nd 221st E, Greenwood, SC 29649-2917
      View Details
    • Value Estimation by Request
      3,506 SF

      448 Calhoun Ave

      OFFICE BUILDING • 3,506 SF
      448 Calhoun Ave, Greenwood, SC 29649-2014
      View Details
    • Value Estimation by Request
      2,218 SF

      109 Venture Ct

      OFFICE BUILDING • 2,218 SF
      109 Venture Ct, Greenwood, SC 29649-8558
      View Details
    • Value Estimation
      $615,000
      5,396 SF

      564 Byp 72nd NW

      OFFICE BUILDING • 5,396 SF
      564 Byp 72nd NW, Greenwood, SC 29649-1300
      View Details

    Similar Nearby for Sale

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      Greenwood Commercial Building with Warehouse

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    • $749,000
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      Historic Uptown Greenwood Commercial Property

      Versatile commercial space in a vibrant historic district with unique features.
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      8.00 Acres

      Greenwood Retail Land - 8 Acres

      Prime Greenwood location, high traffic, retail potential.
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    • $842,000
      5.19 Acres

      Greenwood Commercial Land - 5 Acres

      Prime Greenwood, SC commercial land, Walmart-anchored.
      546 By-Pass 72, Greenwood, SC 29649
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    • $75,000

      Residential Lot in Greenwood, SC

      Residential lot available in Greenwood, South Carolina.
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    • $199,900
      8.08 Acres

      Greenwood Residential Subdivision Lot

      8.08 acre residential lot approved for 52 units.
      3211 Highway 246, Greenwood, SC 29649
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    Similar Nearby for Lease

    • $4 SF/Yr
      53,900 SF

      Mixed-Use Building with Upgrades

      53,900 SF building with office, retail, and warehouse space.
      1405 Bypass 72 NE, Greenwood, SC 29649
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      Greenwood Commercial Land For Rent

      1.67 acre commercial land parcel in Greenwood, South Carolina.
      Greenwood, SC 29649
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    • Contact for pricing
      122,610 SF

      Greenwood Warehouse Space Available

      122,610 SF warehouse space for lease in Greenwood, SC.
      201 Puckett Ferry Rd, Greenwood, SC 29649
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    • $12 SF/Yr
      3,200 SF

      Retail Space on High-Traffic Corner

      Retail space available in Greenwood, SC with high visibility.
      222-254 Bypass 72 NW, Greenwood, SC 29649
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    • Contact for pricing
      59,870 SF

      Greenwood County Warehouse For Lease

      Large warehouse, 59,870 SF, 21.95 acres.
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    • Contact for pricing
      512,496 SF

      Prime Greenwood County Warehouse

      Massive warehouse, ideal for large-scale operations.
      401 Puckett Ferry Rd, Greenwood, SC 29649
      View Details
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    500 Montague Ave
    Greenwood, SC 29649-1942
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    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
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