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Property profile & analytics
OFF-MARKET
Estimated value
$3,810,000
Warehouses
500 Ucci Way Spartanburg, SC 29303-6338
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-2960538
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
BRICK
Total area
65,600 SF
Lot
18.72 ac (815,443 SF)
APN
2-5400-01200
UPID
US77-2960538
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
-
Transfer Case Pro Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.65M
Blend (final)
Blend
$3.81M
Owner & transaction history
Jam Realty Group LLC · 2 yrs held
Jam Realty Group LLC
since 2023
Last sale
$4.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.0M
+80.5%
Auto repair, garage
$5.2M
+54.3%
Neighborhood: shopping center
$5.0M
+50.7%
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
$2,945,000
ML approach
$3,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,345,000
Current use
COMMERCIAL (GENERAL)
$6,035,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,165,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,040,000
Change: +51% · Conversion: Moderate
RETAIL STORES
$4,115,000
Change: +23% · Conversion: Moderate
Blend value · Realmo final
$3.81M
Range $3.43M – $4.19M · ±10% · vs last sale $4.00M (Nov 1 2023)
Last sale anchor
$4.00M
Nov 1 2023
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
$58 / 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
$69,926
Tax year 2023
Assessed value
$192,000
Assessed 2023
Previous assessed
$192,000
+0.0% YoY
Effective rate
36.42%
On assessed value
Assessed land
$40,002
Assessed improvement
$151,998
Land market value
$666,700
Improvement market value
$2,533,300
Total market value
$3,200,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
BRICK
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
65,600 SF
Lot
18.72 ac (815,443 SF)
APN
2-5400-01200
UPID
US77-2960538
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
WAREHOUSE, STORAGE Current
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$6.0M
AUTO REPAIR, GARAGE
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
RETAIL STORES
Est. value
$4.1M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1960
Construction
BRICK
Heating
SPACE
Cooling
Yes
Stories
1
Lot
18.72 ac
Current owner
From public records · entity-resolved
Jam Realty Group LLC
Entity
Mailing address
370 HAMILTON DR, COLUMBUS, NC 28722-6779
Ownership since
2023
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
Nov 1, 2023
$4,000,000
Jam Realty Group LLC
Ucci Capital LLC
Warranty Deed
$3,000,000 · Park National Bank
Feb 3, 2022
$3,200,000
Ucci Capital Llci
Vernon K Suzuki
Deed
$2,560,000 · First Bank
Oct 5, 2021
$115,000
Ash Street Properties LLC
Lois Greer Caldwell
Deed
—
Jun 10, 2019
—
Vernon K Suzuki
—
Deed
related
$700,000 · United Community Bank
Sep 21, 2012
$749,500
Vernon K Suzuki
Sheftel Realty LP
Grant Deed
—
Mar 16, 2006
$650,000
Sheftel Realty
Belham Associates
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.
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