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Property profile & analytics
FOR LEASE
Community centers
551 E Main St Spartanburg, SC 29302
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US77-0110209
For Lease
1 / 2
Contact for pricing
551 E Main St, Spartanburg, SC 29302
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1958
Construction
BRICK
Total area
14,326 SF
Lot
1.89 ac (82,328 SF)
APN
7-1208-10500
UPID
US77-0110209
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
-
Roper Music (Bike/Boat/Book/etc) Store
-
CORA Physical Therapy Spartanburg Physician
-
Entrepreneuress Business & Notary Services Business Management Consultant Business Development Service
-
Sugah Cakes Bakery Specialty Food Shop
-
Converse Deli Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Converse Mt LLC · 3 yrs held
Converse Mt LLC
since 2022
Last sale
$2.8M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$60,623
Tax year 2023
Assessed value
$126,000
Assessed 2023
Previous assessed
$126,000
+0.0% YoY
Effective rate
48.11%
On assessed value
Assessed land
$27,168
Assessed improvement
$98,832
Land market value
$452,800
Improvement market value
$1,647,200
Total market value
$2,100,000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1958
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
14,326 SF
Lot
1.89 ac (82,328 SF)
APN
7-1208-10500
UPID
US77-0110209
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
Building & site characteristics
From public records
Year built
1958
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Converse Mt LLC
Entity
Mailing address
400 S SMT AVE, CHARLOTTE, NC 28208-4524
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2022
$2,800,000
Converse Mt LLC
Converse Corners On Main LLC
Deed
—
Feb 27, 2006
$1,239,999
Barry L Hines
Genoble,richard A
Warranty Deed
—
Feb 27, 2006
—
Converse Corners On Main LLC
Hines,barry L
Warranty Deed
—
Nov 18, 2005
—
Richard A Genoble
—
Trustees Deed
related
$225,000 · First South Bank
Jul 19, 2005
—
Richard A Genoble SR.
Converse Corners LLC
Warranty Deed
—
—
—
Converse Corners On Main LLC
—
Deed Of Trust
related
$398,778 · First South Bank
—
—
Converse Corners On Main LLC
—
Deed Of Trust
related
$500,000 · Bankmeridian NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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