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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Retail space
514 Alabama Ave Chesnee, SC 29323-1702
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1331537
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
METAL FRAME
Total area
8,181 SF
Lot
0.66 ac (28,880 SF)
APN
2-1413-10802
UPID
US77-1331537
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
-
Dollar General Discount Store
-
Hometown Liquor & Wine Chesnee (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Western Union Bank Credit Union
-
Little Caesars Pizza Restaurant
-
Chesnee Hub Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$678k
Blend (final)
Blend
$600k
Owner & transaction history
Srp Chesnee LLC · 2 yrs held
Srp Chesnee LLC
since 2024
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+28.7%
Commercial (general)
$710,000
+9.7%
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 Chesnee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesnee 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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$650,000
Current use
OFFICE BUILDING
$835,000
Change: +29% · Conversion: Easy
COMMERCIAL (GENERAL)
$710,000
Change: +10% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$645,000
Change: -1% · Conversion: Moderate
AUTO REPAIR, GARAGE
$645,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Feb 22 2024)
Last sale anchor
$600k
Feb 22 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
$73 / 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
$7,891
Tax year 2023
Assessed value
$22,518
Assessed 2023
Previous assessed
$22,518
+0.0% YoY
Effective rate
35.04%
On assessed value
Assessed land
$3,882
Assessed improvement
$18,636
Land market value
$64,700
Improvement market value
$310,600
Total market value
$375,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2001
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
8,181 SF
Lot
0.66 ac (28,880 SF)
APN
2-1413-10802
UPID
US77-1331537
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
RETAIL STORES Current
Est. value
$650,000
OFFICE BUILDING
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$645,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Srp Chesnee LLC
Entity
Mailing address
54 OPEN RANGE LN, SIMPSONVILLE, SC 29681-3254
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2024
$600,000
Srp Chesnee LLC
Harshadbhai Patel
Deed
$575,000 · Harshadbhai Patel
Dec 8, 2021
$362,500
Harshadbhai Patel
Holt Chesnee LLC
Deed
$211,043 · First Piedmont Fsla
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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